Here are two profile charts of the Nifty and the banknifty which show the balance developing after the imbalance from last week.
A breakdown of the profiles gives a better view of the balance developing since the news based move from 12.00 noon on friday.
This composite balance area is 11510- 11390 in BN and 5673 to 5710 in NF.
An exit of this balance is the next big trade with risk reward easy to manage.
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