If nifty opens gap up, then it will move upside for next 1-2 hrs till 11.30am,
Then there will be profit booking Followed by a range till 1.30pm.
There may be sudden reversal or sudden dips due to europe market opening.
That's why we suggested mid day range break out for nifty or bank nifty.
When nifty touches yearly high /low or all time high /low then it will make new high in medium term but there will be sudden big dips in very short term.
Traders lose big money in such scenerio because of over optimism.
Big moves are always after some positive or negative news or trigger.
When that news is over then a vaccume created which creates blind volatility.
Book profits till 3pm because intraday positions are squared off at 3pm generally by all discount brokers.
Positional -
Focus on stocks near 52week low for short selling after any huge rally for safe short selling.
and
focus on stocks near 52week high for long position after any huge dip for safe buying.
Day trading -
Focus on stock near day's low as well as 52week near low.
Focus on stocks near day's high as well as 52week high.
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