NSE:BANKNIFTY
Background.
1. Bullish Candle stick formation for 27 Dec 21.
2. End of Elliot's Impulse wave further correction on Upside expected.
3. Positive RSI Divergence.
4. PCR ratio above 0.9 for January.
5. Market sentiment oversold.
6. positive results in Banking sector
7. Nearest zone of Supply for shorting is 36000 if it breaks 36000 upward move to...
FOREXCOM:CADJPY
Background
1. breakdown of structure at previous zone of supply.
2. probable formation of inverted Head and shoulder
3. RSI divergence on 1 Hour time frame
4. High sell volume/ previous profit taking positions.
Short levels 89.380
Stop Loss 89.600
Take Profit 89.100
Nifty 50 index has been trading in a upward parallel channel since its major fall that was a week ago. There seems to a major call OI buildup but the index has been resisting further fall with a strong support at 17950. There is high also today on a shorter time frame of 15 minutes there is it is breaching out of a symmetrical triangle pattern. Hence an upside...
