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Pivot Low Formed, Follow-Up Buying Crucial – Nifty and Banknifty

Yesterday, i mentioned that sellers’ volume was 40 million higher than buyers, and for a new trend to emerge, today’s candle needed to absorb that supply.

And look what happened — today, buyers’ volume surpassed sellers’ by 82 million.

All the setups I traded today blasted exactly as expected:

(Earnings Pivot) – +10%
– +5.92%
– +4.16%

For the short term, I am still holding , which has already given a 22% move in the last 3 sessions since my entry!

Now, coming to today’s market action:

formed a Demand Candle today, and along with that, a Pivot Low has also been created.

The only missing piece is that the index hasn’t yet closed above 25200.

The message is clear — if we get follow-up buying tomorrow, the index could be ready for a fresh high.
For tomorrow:

Resistance: 25244 — once crossed, short covering can push it directly to 25350/25500.

Support: will be at 25180.

looks more positive, and this time, could be the key driver.

For BankNifty:

- Support: 56965
- Resistance: 57260 — a close above this could trigger a move towards a new high.

Talking about sector rotation — in the short-term timeframe, a new sector has emerged:

stocks remain strong, and for intraday trades, and stocks are at the top of the list. So if you’re planning tomorrow’s intraday trades, focus on these sectors.

That’s all for today.
Take care.
Have a profitable tomorrow.