Nifty Bank Index

Bank Nifty for July 8th

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My own analysis is provided here, I am not responsible for the trades taken based on this analysis, please do your own analysis before taking any decision.

My View for tomorrow: Currently market is between multiple support and resistance zones, also overall market is in Uptrend since July 1st, hence I am expecting a sideways to volatile market for tomorrow.

Trades can be taken only after a particular support/resistance is broken decisively. Don't trade immediately after breakout, wait for a Retracement and if your Risk/Reward ratio is favorable, trade will small quantity only, market can surprise us tomorrow with movement on either directions, so chances of Stop losses getting triggered is high.

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