Key Notes:
Institutional references identified
- Bank nifty swept previous day Buy Side Liquidity (BSL) indicating probable downfall,
- Price is under higher time frame (H4) Institutional reference levels
Institutional references identified
- Bearish Order Block
- Bearish Mitigation Block
- Buy Side Liquidity (BSL)
- Bank Nifty Futures OI data indicating strong bullish bias
- Most Likely Bank nifty is going to give a strong breakout from institutional reference levels
- Morning Session price may open with strong gap up.
- If gap up is strong enough to break all the key levels, Entire day bullish view
- If gap up is held strongly by bearish order block, then price is going to take a sharp downfall.
- Those who carried shorts for delivery yesterday going to experience some pain today.
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