January Monthly Expiry Nifty50 and Bank nifty

 

Brutal expiry or boom expiry Nifty 50

Previous week  Nifty 50 fell sharply in the post HDFC bank results.

Bad Result stock go up

Good or normal Result stock fall sharply

 

You are trapped ever in this kind of scenario? perhaps we all

In coming week there are less trading session than usual in the wake of many public holiday.

Find the below image and find that nifty may go up if it breaks the upper trendline and sustain at least some time then we can see sharp short covering we may take nifty up to 21980 and crossing can change the status quo and can surprise everybody.

Though US market are at record high we are back from there so if any correction in us market then on Tuesday we may see sharp fall in nifty50 interesting on Tuesday market to react on Results on RELIANCE, ICICI BANK AND KOTAK BANK etc.

However looking at the chart For my trading market is ready to fall sharply from the present level however if nifty sustain above 21700 then I will reverse my mind and would either trade with less quantity or no trade( note that this is my opinion for me and for nobody else so any trade based on this post does not make me liable for profit and loss)

 

 

 

Day trade pattern for me:

Looking at the chart for  me it falling wedge pattern so if nifty sustain above 21625 then I will trade for a short target perhaps till 21780. (note that this is my opinion for me and for nobody else so any trade based on this post does not make me liable for profit and loss)

 

 

Nifty50 bubble busted, now its time to trap sellers and give a high close, see what happened?