Stoploss hunting in banknifty 28 NOV 2023
My view of how market will react according to the stoploss present of both buyers and sellers.
The yellow lines present are the psychological levels, market respect to these levels very much.
The white line present between both yellow lines indicated the presence of both buyers and sellers at that point those who took positions for btst. The rectangle which shows the stoploss is marked using fib retracement tool. Tomorrow if market opened gap up it will take down the profit of sellers by 50 to 60 percent which will result in a massive sale. and also gap up opening of market will trigger retail investers to buy ce side creating stoploss down side. Therefore, I am having view of PE side or selling side.
PLEASE COMMENT DOWN IF YOU HAVE ANY SUGGESTIONS OR WANT TO CORRECT ME! THANK YOU.
The yellow lines present are the psychological levels, market respect to these levels very much.
The white line present between both yellow lines indicated the presence of both buyers and sellers at that point those who took positions for btst. The rectangle which shows the stoploss is marked using fib retracement tool. Tomorrow if market opened gap up it will take down the profit of sellers by 50 to 60 percent which will result in a massive sale. and also gap up opening of market will trigger retail investers to buy ce side creating stoploss down side. Therefore, I am having view of PE side or selling side.
PLEASE COMMENT DOWN IF YOU HAVE ANY SUGGESTIONS OR WANT TO CORRECT ME! THANK YOU.
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