Here are the areas to do business for the coming week :
As we can see the profile was within the range of the previous week. In the Nifty the Market did not do a great jon of retracing the fall of tuesday whereas in the BNF it did so completely.
Areas in the Nifty May Future to watch next week for trade signals :
a) POC at 8256 which is the first bias point early in the week
b) Tuesday seller at 8332
c) 8280 and 8152 which are the weekly value zones
d) 8345 first important LVN above current Price
e) 8436 second LVN on break above
f) 8081 on any break below
Areas in the BankNifty May Future to watch next week for trade signals :
a) POC at 18156 which is the bias point early in week
b) LVN near 18387 Fabove current weekly close
c) A second LVN near 18623
d) 17932 below current close
e) LVN at 17695 below that.
The areas identified above are zones and we will take a closer look at them during the trading sessions of the week and in our hypos at close.
Other LVN’s will be updated in the charts directly.