[00:24] If we talk about magnetic, then our plan in Bank Nifty was that when the market goes near 42000, I will short from there. I was
[00:37] felt that the market would stretch a little more and there might be a problem in creating a lot of positions in this stretch. and there might be a problem in creating a lot of positions in this stretch.
[00:58] after opening, if you look at Bank Nifty, I was taking support at this area. In this area and we felt that the market would bounce a little from here and the market would
[01:13] stretch to around 42000 and from there I would get a short opportunity. But what did the market do today? Gradually,
[01:25] it has come down towards the lower scale of the on-shorter scale and there was no strength visible in the market today. There was a lot of weakness in our Nifty. There was more business in our IT sector. And in a way, Nifty has
[01:42] shown the signs that Nifty is going to reverse from here. overall condition is that the market should show Armstrong toughness and in the structure like marketing double top, you must be seeing magnetic that recently the market has
[01:57] bounced till around 41680, we are not breaking this level and we are seeing selling again from this area, so
[02:11] my straight line and will go towards it again from here and we will get a rejection from this area, but we have already started getting rejection a little, so here
[02:24] first of all an important range has been formed, that is
[02:44] around 41670 on the upper side and the range of 4180 on the lower side, the market has struck me in this small range range of 4180 on the lower side, the market has struck me in this small range and my simple plan for tomorrow will be that if the market has to stretch a little upwards, then
[02:57] if the market has to stretch a little upwards, then this important level area of ​​41000 670 will have to be broken and a stand will have to be shown on it on the upper side if the market stand will have to be shown on it on the upper side if the market goes downwards also.  So, for me, the downside
[03:11] seems a little stronger because today's slide down wasn't too steep in the first half, but a little more in the second half. I've seen a demand in it. If it breaks downwards, I'm going to
[03:28] wait a little bit because I still don't think this breakout will sustain downwards because the market is never going to give you an opportunity to make easy money. This clear double top is visible to you. Here,
[03:45] you'll have to try to avoid a trap scenario. You'll have to see that if this support level of 4170, which is 80, breaks down and comes down, then this is an important trend line that can provide support.
[04:01] trend line that can provide support. Where will this area be? Your 40000950 area. So, if the market is moving down, then
[04:13] wait a little bit till at least 41000850. If there is a bounce from this area, you If there is a bounce from this area, you can create an interactive trade and you may see stress again.  Up to 42000, so if the market comes down tomorrow
[04:29] and we see some support from here, then our levels which will be on the upward side, first of all you should mark an important level, this will be 413 63
[04:41] mark an important level, this will be 413 63 70 second target which is today's high, if the market tries to go down till here, then I am not interested in Bank Nifty on the tries to go down till here, then I am not interested in Bank Nifty on the downside,
[04:54] if Nifty starts sliding downwards again, then we will again come near the support, this will be your level 17500 and if we bounce again from here,
[05:06] 17500 and if we bounce again from here,
[05:19] go towards selling when Bank Nifty goes towards 42000 or if Nifty goes towards 17800, then from there my behavior will convert towards fresh selling,
[05:32] but in the current scenario that has been created, for selling, there is an important aspect which I want to show you guys, this is moving
[05:48] which I want to show you guys, this is moving Nifty has still not reached even close to the 50 moving average. We still have some space left for the Nifty in the daily time frame,
[06:03] and this area is 1750. daily moving average, but could not sustain above it, and
[06:18] selling has been seen from the same area. So, it will be very interesting to see tomorrow. It is in a small range, and Nifty has shown its weekly performance, it is again coming near the support, so is
[06:30] weekly performance, it is again coming near the support, so is Nifty trying to make higher lows? A tripping celebration is going on in the Bank Nifty, and another thing to watch in the Bank will be if you look at the daily time frame, there is an inside bar
[06:44] formation in the Nifty. If you look at it, it is a clear cut angle, so the market is in a conjuring position. For today, my plan will be to
[06:56] wait and watch tomorrow, Friday, until there is a sideways breakout until there is a sideways breakout in the Nifty.  There's one more thing: mark today's candle and you can mark this range. 17
[07:12] and downwards to 17580. Now, if we move downwards, it will become our recent support. 17500 is also a psychological support. This means that it will be important to trade downwards. From here, if you see that there is a
[07:29] formation of higher highs, then there will be a bounce again from here, so this trade will be formed on the buying side, but on the shorting side, I feel the conditions are a little weak. So wait and
[07:41] watch the level. You have to first see whether the breakout is happening or whether there is confirmation or not, only then make your plan. Don't enter the trade tomorrow in a hurry and with forms. make your plan. Don't enter the trade tomorrow in a hurry and with forms.
[07:57] and tomorrow's closing. I hope friends, the market analysis we do in my videos will be beneficial for you in trading and will help you earn money.
[08:19] subscribe and forward these videos to others.