bijoy2526

BANK NIFTY probability of some pull back?

NSE:BANKNIFTY   NIFTY BANK
Today bank nifty rallied from around 35079 to 35779.
Divergence is seen between price and oscillator.
Some pull back might be possible, before continuation of up trend.
Hence long position should be initiated when uptrend takes place after the pull back.
How was my yesterday's call ?
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Present strategy is to buy on dip unless 35475 is violated.
Comment: better when 200 period moving average in hourly time frame is not violated.

Comments

Your analysis helped me today while trading. Please post your view for monthly expiry tomorrow.
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bijoy2526 lgnanasekaran
@lgnanasekaran, I am out of station.may
nt be able to post further.
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where do you project BN level by EOD Today and Tomorrow taking into consideration monthly expiry tomorrow? Is it going to be BULLISH or Bearish.
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bijoy2526 pradeepk72
@pradeepk72, I am out of station. on the train right now.
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