Bank Nifty - Can Bull Race Start Above 26225 - Feelo!

14:25 Hrs - 27th June 2018
Last Price @26375

Feelo or Filo ( First In - Last Out)

Filo (First In -Last Out) - tweaked from its originals as FIFO(First In-First Out) & LIFO (Last In - Last Out) accounting principles- most of us are aware of this concept.


* FILO - applicable to Risk Takers

As one colleague puts in last update - " Darr ke aage - jeet hai" - "Beyond fear lies victory" - Remember Mountain Dew Ad

Important Levels

Key Level - 26225
Critical Level - 25980


Last update - BJP calls for Gartley alliance at 26225

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Review
BN pushed upside to 26800 & back to 26338 -an exciting journey . Falls from zone 26800-26810 which was important zone as mentioned in the last update.

10:25 Hrs - 26th June 2018
Turning upside from 26480

12:35 Hrs - 26th June 2018
Intraday Halt at 26710

13:35 Hrs 26th June 2018
Bank Nifty Falllllllllls from 26710 to 26545 - Expect a bounce if 26500 holds downside

15:08 Hrs 26th June 2018
Bank Nifty Bounced as expected holding 26500 downside & we exited at 26625 -26650 - Out for the day.

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Trading Strategy - What Next?

As suggested 26225 -is the key level or Gartley alliance level from last update. Soon we would start bull race if 26225 is intact downside with 25980 as critical support level.
If not started soon -likely to start in few days next if 25980 intact downside

Risk Takers
They can plan their trades keeping in mind key / critical level as mentioned above.

Safe Traders
If Market joins the bull race above 26400 on sustained basis ( moving above 26400 & holding above 26400) - Why you should be left behind. Join them & Be Happy!

Upside target - 26700 - 26800 Above 26820 - Can it be up - up & away


I would love to hear your comments about markets & specially about " Darr ke aage Jeet Hai"

Plan your trades taking care of risk management which is very important element

Trade active:

12:22 Hrs 28th June 2018

Last Price@26300

Two Times It stopped in 26470-26480 zone on upside & slipped. 26470-26480 has formed next resistance for upside move.

Trade closed manually:

10:45 Hrs - 12th July 2018

Last price@27110.

Thanks the update gets closed at 27165 Highs