Nifty Bank IndexLong
Bank Nifty 12 Oct 2022- Mid day review
As discussed yesterday Bank nifty remaining volatile in the decision range. Selling upper range and buying lower range is working fine. Institutional support lying at 38415. Many of you asked to post some guidelines.
1. Determine nature of day -
Trend day - occur 10% of time - option buyers make/lose big money
Volatile range - occur 20% of time - hit and run guys make money
Range bound day - occur 70% of time - option buyers lose money
2. Identify key levels for the day before open and make strategy for day
3. keep a decent stop , dont over trade or do revenge trading , 1-2 trades and relax for day
For ready made strategy covering above points , details can be found below
1. Determine nature of day -
Trend day - occur 10% of time - option buyers make/lose big money
Volatile range - occur 20% of time - hit and run guys make money
Range bound day - occur 70% of time - option buyers lose money
2. Identify key levels for the day before open and make strategy for day
3. keep a decent stop , dont over trade or do revenge trading , 1-2 trades and relax for day
For ready made strategy covering above points , details can be found below
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