Market Profile, Price action & Derivative based general outlook for Wednesday Intraday session:
Last day view of short covering worked well and we saw upper tgt level of 14550 in nifty too.
For Wednesday👇
Derivative data is neutral to positive.
Below are the normal trading levels where I may react:
BankNifty(Fut) :👇
Buy on dip levels are
32132
31800 Zone
31600-700
These levels will work for swing and for scalping only.
Directional trades levels calculation is coming above 32848 or above 32755
When writing this outlook, my mood is to buy on dip( best entry will come after a dip), but I may change my actions as per auction market theory during the live market business activity.
Be tuned in our channel for live market updates.
Nifty(F) imp levels:👇
14455, 14300, 14650,14738