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My positions in #Nifty and #BankNifty are bullish. We are forming a true sideways channel. I am hopping for a start of bull move from tomorrow. If I get a bull trigger than all good. If I get a bear trigger than will clear the sold puts and hold the bought puts. 1/n
In addition, I will add to bearish positions. Coming to #Nifty we are forming a channel with Bull Trigger at 11280. Breach of 11125 is sign of sideways movement. Not entirely bullish. Below 11040 I will turn bearish. 2/n Image
Coming to #BankNifty, we are in sideways channel for a long time. Plus we have 2-3 days squeeze in place now. My end of day #Intraburst is also active which suggests a big move is pending. Triggers are above 22000 and below 21500. Breach of 21000 is bearish on bigger TF. 3/n Image
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