Good morning, friends!
New Week, New Day, New Levels. And to those who are wondering if there is any Trading holiday today, there isn't any Trading holiday today. It's just a settlement holiday. You may find some issues in your available funds because of the same.
US Market closed decent. It may result in Flat to Positive start today but it absolutely doesn't matter. Our market structure is weak for sure and high chances of every gap being sold. Reason being, we are currently making a LHLL structure and fresh low of current leg is impending. If not today, then it should be made in coming sessions. If not, we may consider it as breaking of structure and a sign of reversal. So it's tough to tell it now, this it'll impact trading. We'd absolutely light on positiona unless it's confirmed.
Focus on Intraday.
#NIFTY50 is a Buy above 15820 and Sell below 15750.
#NIFTYBANK is a Buy above 33200 and Sell below 33000.
Create your positions accordingly.
Stocks in Focus: #AMBUJACEM, #ACC, #SBIN
Wishing you a profitable day ahead.