Bank Nifty Spot Actionable Idea ---- Hello friends Sharing my intraday Trading idea on Bank Nifty for 8TH December with all of you, Hope you like it my Analysis.
After Today's Gap down opening index nicely came up after that opening supported by PSU banks and the main constituents of index and at the end of the session finally it close above yesterday's close and somehow showed that bullish strength is not over yet, and now at this time i am publishing this idea broader markets are doing well so i will mainly focus on resistance break in tomorrow's session.
#Current Price- 46841
#Resistance Level- 46867
#Support Level- 46768
#Target Levels-46978 And 47080 we can expect after breakout of Support
#Target Levels- 46668 And 46515 we can expect after breakout of Support
#Execution only after break and close above or below from resistance or support 15-minute candle.
#Stop Loss above or below from resistance or support 15-minute candle.
(S/R Levels Will be Flipped in The Situation of Gap up OR Gap down Open, Support Will Turn in Resistance and Resistance Will Turn in Support)
(This Analysis and idea is based only on support and resistance mechanism, Buy after resistance break and close above sell after support break and close below, Closing below resistance after trade will be stop loss likewise closing above support will be a stop loss after trade)
NOTE- Only for Education Purpose. This is not any kind of Trading advice I am giving by this analysis.
Please Give A Like If You Like
After Today's Gap down opening index nicely came up after that opening supported by PSU banks and the main constituents of index and at the end of the session finally it close above yesterday's close and somehow showed that bullish strength is not over yet, and now at this time i am publishing this idea broader markets are doing well so i will mainly focus on resistance break in tomorrow's session.
#Current Price- 46841
#Resistance Level- 46867
#Support Level- 46768
#Target Levels-46978 And 47080 we can expect after breakout of Support
#Target Levels- 46668 And 46515 we can expect after breakout of Support
#Execution only after break and close above or below from resistance or support 15-minute candle.
#Stop Loss above or below from resistance or support 15-minute candle.
(S/R Levels Will be Flipped in The Situation of Gap up OR Gap down Open, Support Will Turn in Resistance and Resistance Will Turn in Support)
(This Analysis and idea is based only on support and resistance mechanism, Buy after resistance break and close above sell after support break and close below, Closing below resistance after trade will be stop loss likewise closing above support will be a stop loss after trade)
NOTE- Only for Education Purpose. This is not any kind of Trading advice I am giving by this analysis.
Please Give A Like If You Like
Comment:
After Gap Up open above resistance reached to resistance based target two, if sustain above target two we can see more higher levels in today's session
