Good Morning friends

Its Wednesday, 28th December, 2022.

With US Markets on Christmas and New Year holidays -  correlation coefficiency  - reference factor is missing and volumes have dried up too. 

And that is one reason WHY Indian markets didnt crash land to 17483 and below.

for Nifty .618 support is at 18043 and .50 tare / balance level is at 18236 wrt spot and 18254 wrt future.

January 2023 futures closed JUST above 18254.

as long as nifty january future closes above 18254 50% -  tare - balance level - look for 18343, 18632, 18831, 19076, 19431 as harmonic Positional targets.

I will look to long Punjab National Bank  near 53.5-53.80 with least stop loss for 60+ as target 
also I will look to long Canara Bank if open low or if price crosses the open with low as sl for 314 -315 as target - stop loss reference 306.50..

As the December 22 expiry is near look to long January 23 contract keep cash price as reference and trade.

Remember, Entry is a number, stop loss and targets are ranges.. 

Learn when to trade index, when to trade stocks.

Trade with the edge BUT trade at the edge.

Succeed big time.

Soon - we will meet on top.

Wish you all success...

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