BankNifty view for the week of 3rd - 7th January
Happy New Year All,
Last week:
We saw a climb from 34230 levels making a nice structural set up for a potential move.
This week:
Our entry point on the North side is above 35700 with T1 at 36000 and SL 35480 making it a good RR.
Down south, entry is only below 33900 as we have seen support at 34000 previously, The target there is a good 600 points
Between 35700 and 33900, you will not be able to carry your position as the premium decay will be bad.
*** This is a view and not necessarily a trade recommendation ***
However, If you like my idea..., hit like, follow me, and do spread the word.
Last week:
We saw a climb from 34230 levels making a nice structural set up for a potential move.
This week:
Our entry point on the North side is above 35700 with T1 at 36000 and SL 35480 making it a good RR.
Down south, entry is only below 33900 as we have seen support at 34000 previously, The target there is a good 600 points
Between 35700 and 33900, you will not be able to carry your position as the premium decay will be bad.
*** This is a view and not necessarily a trade recommendation ***
However, If you like my idea..., hit like, follow me, and do spread the word.
Trade closed: target reached:
Long Target 1 achieved
Trade closed: target reached:
Long Target 2 achieved
Trade closed: target reached:
Long Target 3 achieved
Trade closed: target reached:
Long Target 4 achieved
Trade closed: target reached:
Long Target 5 achieved
