Bank Nifty Trading Strategy for 17th Nov'2020

Nifty Bank IndexNSE

Description

⋅ Nov 16, 2020 10:11 AM

Banknifty Muhurat Trading 2020 strategy

Decision Line:- 28,520

Upper targets:- 28,660/ 28,880 / 29,000 / 29,180 / 29,340 / 29,850

Lower Targets:- 28,380 / 28,180 / 28,030 / 27,830

Trend Reversal levels:- 28,520.

Elliott Wave:- Wave 4 (29,030.3 to 27,703) seems to be completed at 27,703 ( 34% of Wave 3)

Wave 5 likely in progress:-

Wave 5 is typically 61.8%, 100%, or 123.6% of wave 4 or equal to wave 1

0.618 820 28,523
1 1327 29,030
1.23 1640 29,343
1.618 2147 29,850
Wave 1 (23613 -25773) is 2,160

Target of Wave 5:- 28,503 / 29,030 / 29,343 / 29,850

Resiatance Zone:- 29,134 - 29,385

SL for all positional long is 27,550

Always trade what you see, never trade what you feel. Make this a habit, you won't be requiring any seminar, webinar, or mentor, you will be self-sufficient.

Comments

subhagghosh

⋅ Nov 16, 2020 3:04 PM

Gap up is obvious, but holding the gap is the key.

shivamrakesh1967

⋅ Nov 17, 2020 9:58 PM

Sir
Can you please tell the exact name of lower indicator. SG oscillator?? And how to apply in trading view

subhagghosh

⋅ Nov 16, 2020 7:47 PM

Bank Nifty Trend Deciding Level:28890

Bank Nifty Resistance:29160,29430,29791,30050

Bank Nifty Support:28650,28362,28050,27600

These levels will give am edge.

kdjj18322

⋅ Nov 16, 2020 3:26 PM

I don't know how but ur anyalisis like same as mine noobhere btw

mnm1970

⋅ Nov 16, 2020 1:31 PM

do we see a gap up opening tomorrow?
muhurat day it came to 28470 I think