KeyTrend decider for banknifty is at the 20200-250 areas for Immediate reference.
Hold below that we look to test 19800F and break below that look to test 19200F (Primary)
Hold above it, likely to test the swing reference at 20650F and hold above that we are in a new territory for a breakaway move (Secondary)
We had sharp rejections on both sides of this wide range (20650-19800) - Hold of any of the range edges will continue to be a pullback opportunity as well.
Exact velocity of the move can be gauged with real time orderflow charts
Hold below that we look to test 19800F and break below that look to test 19200F (Primary)
Hold above it, likely to test the swing reference at 20650F and hold above that we are in a new territory for a breakaway move (Secondary)
We had sharp rejections on both sides of this wide range (20650-19800) - Hold of any of the range edges will continue to be a pullback opportunity as well.
Exact velocity of the move can be gauged with real time orderflow charts
important to watch now if we hold the 21000-21030 levels for this upmove to sustain. else will expect a rotation back to the range.