Nifty
Nifty same as last week. I personally prefer longs only. Once 22150 is reached, 21500 can be considered a strong structural support. Upon reaching if there is any change in character of Nifty will let you know in the futher updates for the week.
Banknifty:
Banknifty little caution is required on the upside. Bias remains same as last week. Non directional play would be the smart play but this week the change being having equal premium on both the side as the instrument when nearing 48300 can react impulsively. Short term is bearish until 48300 is breached on weekly closing. Intraday play can be bullish whereas condor or strangle is best suited for swing play.
Caution: It can be highly volatile
And if you have missed our last week's update do check it out here --> https://www.tmotrac.in/forum/technical-analysis/market-weekly-update-07-52-2024 ~PR
Do check out the last week's update here
Tuesday Update:
Good news. Now the structural support can be shifted to 22000 on intraweek and swing trade in Nifty.