Nifty and Banknifty both giving good sign

Yesterday, I spotted stopping volume in NIFTY — and that’s a good sign.

Nifty gave a strong bounce by the end of the day, which shows buyers stepping in.

Though sellers' volume is still high — above 50 million — the price action looks encouraging.

Today, Nifty’s Pivot is at 24,657
Pivot Percentile is just 0.03%, which means we can expect a trendy move again — either up or down, depending on where it breaks.

Intraday Support: 24,588
Intraday Resistance: 24,733

If the resistance breaks and Nifty holds above it, we might see a strong bounce today.

BANKNIFTY also looks bounce-ready on the intraday chart.

But only if the support at 55,095 holds well.

Can clearly see stopping volume on the 15-minute chart, which is a positive signal.

Sector Watch:

Yesterday, I saw good movement in NIFTY_IND_DEFENCE , CNXAUTO , and Fertilizer sectors. Keep an eye on them for short term trade opportunities.

Yesterday, I traded FORCEMOT and it gave a move of 4%+.
Still holding the position.

That’s all for today.
Stick to your setup, follow your plan.

Take care and have a profitable day ahead!