Bank Nifty Trading Strategy for 18th Nov'2020

NSE:BANKNIFTY   Nifty Bank Index
#BankNifty Trading Strategy for 18th Dec'2020

Decision Zone:- 30,785 - 30,825

Smaller Range:- 30,640 - 30,980

Medium Range:- 30,495 - 31,115

Larger Range:- 29,654 - 31,450

Upper Targets: 30,980/ 31,092 / 31,243 / 31,450

Lower Targets: 30, 661 / 30,567 / 30, 481 / 30,358 / 30,202

A rising wedge is not a good sign and the pattern is almost complete.

Like the famous economist, John Maynard Keynes said, “the markets can remain irrational longer than you can remain solvent.” So be cautious and flexible as market conditions evolve.

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.

Try to read the market in context to the larger picture:-


The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.