The_RedTicker

Intraday Risk/Reward Play on BANKNIFTY for 22NOV,19

The_RedTicker Updated   
NSE:BANKNIFTY   Nifty Bank Index
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Like always, Copy the Zone levels and trade on a 3mins time frame.

Dont be a Bull. Dont be a Bear. Be a Hare.

Check historical ideas on profile.

Comment:
Avoided this entry becuz had a bullish view on the market. We keep on selling high and buying low, until the range is broken, then we repeat selling high and buying low in the new range until thats again broken. small sl and big targets with massive RISK to REWARD.

Comment:
USDINR seems to be the trigger element for the day. Not taking trades as CMP is already beyond all zones.

Notable point, this kind of rejection from the bottom of the EX_Lzone is usually an indication of positional short adding. Lets see.


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