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.
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Correction:- Bank Nifty Trading Strategy for 29th Jan'2020.....will be Bank Nifty Trading Strategy for 30th Jan'2020.
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Some more levels are updated and new idea posted:-