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PowerTrades
Nov 22, 2015 10:09 PM

BankNifty Trade Plan coming week-22-Nov 

Nifty Bank IndexNSE

Description

Banknifty Futures: At the start of last week we had discussed that the week is expected to be volatile and choppy and boy it tested us to the hilt. the way the week has closed
it is likely to continue to be undecisive.This is likely to change once markets make a decisive move either above 17350 levels or below the 16600 levels on a broader scale.
For intraday players either we trade a break out of 17140 on the upside or look for a break below 16940, those two trades must be taken. It will be also
interesting to try scalping pull backs within the range

Comment

Banknifty: yesterday banknifty played to the hilt within the trading zones mentioned. and eventually managed to close within the range itself. hence no change in
trading plan compared to yesterday. as again play within the range between 17140 & 16940 levels and look for a breakout /breakdown outside this range.
Comments
Hrishiz
thank you sir, pls keep posting. your inputs are valuable.
PowerTrades
Thank you, its been pretty much inline today both the levels of 17140 and 16940 provided contrarian opportunities. Do you know how to get a live feed here as well?
Hrishiz
Oh I thought it was paid. Moreover, I sometimes get the eod candle only after the T+1 day.
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