Bank Nifty Trading Strategy for 30th Jan'2020.
Bank Nifty Trading Strategy for 29th Jan'2020.
The analysis for 30th Jan is the same as that of today, nothing has changed.
The sentiment is Bearish:- Trend will change to positive if we start trading above 31,480.
Recent High (10th Jan) :- 32,347 & Recent Low (22rd Jan):- 30,614
23.6% 31,938.012 Pending
38.2% 31,684.994 Pending
50% 31,480.5 Pending
61.8% 31,276.006 Crossed
76.4% 31,022.988 Crossed
## ZONE 1:- Weekly Supply / Resistance Zone:- 31,380-31,480.
## ZONE 2:- Weekly Supply / Resistance Zone:- 31,650-31,750.
## ZONE 1:- Weekly Demand / Support Zone:- 30,592-30,730.
## ZONE 2:- Weekly Demand / Support Zone:- 29,955-30,150.
** Tomorrow Supply / Resistance Zone:- 30,980-31,045.
** Tomorrow Demand / Support Zone:- 30,592-30,730.
Pivot Zone:- 30789-30856 Above +ve below -ve
IMPORTANT LEVELS FOR BANKNIFTY
S: 30642, 30580, 30480, BLOOD BATH
R: 30786, 30907,30999, 31083, 31170, 31275
30,500-31,300:- 800 point range.
There are two types of trades:- Range Trading and Breakout Trade.
1. Bullish Range Trade:- Buy in support zone (30,592-30,730) SL 30,500 Target is supply zone (30,900-31,045 / 31,180-31,280) else you can book 200 to 300 points and close your position.
2. Bearish Range Trade:- Sell in resistance zone (30,980-31,045) SL 31,090 Target is supply zone (30,592-30,730 / 29,955-30,150 ) else you can book 200 to 300 points and close your position.
3. Breakout Long Trade:- I don't prefer to be long until 31,480 is taken away conclusively. I will be long above 31,480, SL 31,240 T 31,600/650/700/750.
4. Breakout Short Trade:- Short below 30,592, SL 30,844 Target 30,150/30,050/29,955 else you can book 200 to 300 points and close your position.
I have a traders community on telegram BNTrading ( it's a community to share ideas, no charges), you can follow real-time market analysis and post your's view as well.
The analysis for 30th Jan is the same as that of today, nothing has changed.
The sentiment is Bearish:- Trend will change to positive if we start trading above 31,480.
Recent High (10th Jan) :- 32,347 & Recent Low (22rd Jan):- 30,614
23.6% 31,938.012 Pending
38.2% 31,684.994 Pending
50% 31,480.5 Pending
61.8% 31,276.006 Crossed
76.4% 31,022.988 Crossed
## ZONE 1:- Weekly Supply / Resistance Zone:- 31,380-31,480.
## ZONE 2:- Weekly Supply / Resistance Zone:- 31,650-31,750.
## ZONE 1:- Weekly Demand / Support Zone:- 30,592-30,730.
## ZONE 2:- Weekly Demand / Support Zone:- 29,955-30,150.
** Tomorrow Supply / Resistance Zone:- 30,980-31,045.
** Tomorrow Demand / Support Zone:- 30,592-30,730.
Pivot Zone:- 30789-30856 Above +ve below -ve
IMPORTANT LEVELS FOR BANKNIFTY
S: 30642, 30580, 30480, BLOOD BATH
R: 30786, 30907,30999, 31083, 31170, 31275
30,500-31,300:- 800 point range.
There are two types of trades:- Range Trading and Breakout Trade.
1. Bullish Range Trade:- Buy in support zone (30,592-30,730) SL 30,500 Target is supply zone (30,900-31,045 / 31,180-31,280) else you can book 200 to 300 points and close your position.
2. Bearish Range Trade:- Sell in resistance zone (30,980-31,045) SL 31,090 Target is supply zone (30,592-30,730 / 29,955-30,150 ) else you can book 200 to 300 points and close your position.
3. Breakout Long Trade:- I don't prefer to be long until 31,480 is taken away conclusively. I will be long above 31,480, SL 31,240 T 31,600/650/700/750.
4. Breakout Short Trade:- Short below 30,592, SL 30,844 Target 30,150/30,050/29,955 else you can book 200 to 300 points and close your position.
I have a traders community on telegram BNTrading ( it's a community to share ideas, no charges), you can follow real-time market analysis and post your's view as well.
Comment:
Correction:- Bank Nifty Trading Strategy for 29th Jan'2020.....will be Bank Nifty Trading Strategy for 30th Jan'2020.
Comment:
Some more levels are updated and new idea posted:-
Bank-Nifty-Trading-Strategy-for-30th-Jan-2020-Expiry-Special
Bank-Nifty-Trading-Strategy-for-30th-Jan-2020-Expiry-Special
