Today BN was trading within a narrow range of 240 points only. It made an inside candle. BN corrected between Feb 50% & 61.8% of a-b-c. It opened 39545 and drifted down to 39326 and again started going up to its day's high and again came down to day's low. Very volatile market. When I see the double bottom I bought a 39500 call. Made some money. I think BN could open a gap-up above 39695 tomorrow. May not sustain long as there is an immediate resistance at 39768
Overall, the market could end up below the trend line at 40850 that I drew which is also 100% of minor a-b-c. This is a high probability as it is probably making a bigger C wave. What's your market view? Please leave a comment.
Overall, the market could end up below the trend line at 40850 that I drew which is also 100% of minor a-b-c. This is a high probability as it is probably making a bigger C wave. What's your market view? Please leave a comment.