#banknifty update for 10th Oct'21

#banknifty update for 10th Oct'21

Nothing wrong in the market, the structure is bullish only, but if we assume the short term ( marked in blue) is in progress, it will be tough to trade, as the structure is still not clear, might be an ending diagonal/complex structure.

5th Wave is tough to trade, now how to trade? buy the dips and sell the rallies.

DZ:- 37,666 below negative & above positive

Intraday SL for longs :- 36,300

Positional SL for long:- 36,590

The index can go from 38,498 to 39,501.

Regards,
SG