morning thoughts...

We intimated about the resistance zones of 11100 on nifty and 27200 on bank nifty and a reaction from those levels
The markets opened up near to resistance levels and simply saw a sell off intraday to take supports at the support levels mentioned
Our strategy yielded multiple 600+ points in bank nifty and 150+ points in nifty intraday
If we analyse the nifty charts large number of call writers have added oi at 11200 levels which indicates a supply zone for markets
Bank nifty on other hand will face weekly expiry and is expected to remain very volatile
Last day we indicated that stronger stocks renains strong and remains a buy on dips whereas weaker stocks remains a sell on rise and focussed on metal sector , we are doing same from past 1 week with continued emphasis and sell on metals - tata steel , jsw steel , vedanta , jindal steel
We will now look at few charts 

a visible resistance at 11100 levels with bigger candle at 11050 and smaller shadow at 10900

shooting star pattern with constant accumulated zones at lower levels , buy on dip stock

a triple bottom stock with overhead resistance at 390 , above 392 can target 415 and 440

overhead hanging bat pattern , a classic case of trap , the size of candles suggests big moves

a simple break down dumpling pattern with crucial supports at 324

a multiple top pattern showing dispersion at higher levels with crucial supports at 255 zones

a classic breakdown stock with crucial 

support at 285

a cup shoulder pattern for a bounce and buy at lower levels

a classic dispersion pattern with short buildups with a big candle

nifty trap chart - big moves in making in coming sessions and months

bank nifty trap pattern chart - setting up for big moves

Wednesday trades in this index as per our strategy , jackpot option and commodity