Bank Nifty: 19 Jan 2021

Entering the day with short positions. Short bias into the day. Mkt’s bullish structure has been negated since we have turned below 31800. We have ended in a very imbalanced area where we havent traded much and could provide support/resistance for short term. First target on the downside is 31350. 

Value area 31827/31953 for mean reversion trades.

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