BankNifty Daily Chart

Oct 19, 2019

Looks Bearish. But short or long cannot be initiated at current levels. Levels are given as below to keep an eye on.

Oct 19, 2019

Note

Short below 29060 with SL 29160; for tgt 28900;28740;28560
Already long means can keep the SL at 29060, for targets 29340, 29472,29761.

Oct 19, 2019

Note

current level 191019 : 29120
Strategy for intraday trading

Oct 22, 2019

Note

221019: 29411
Strategy for tomorrow: Short below 29364 with SL 29456 for tgt 29060;28810;28560
Already long should have exited the positions by today's trading, as almost all the targets are met with high being 29690. Also today's trading is a reversal day, which means I'll be hesitant to take long position. However, Long position can be initiated if the index can sustain level above 29760 for TGts of 30110;30230;

Oct 23, 2019

Note

231019: 29459
Strategy for tomorrow: Bank Nifty is in a tricky situation. At present price there is not much of a risk-reward ratio. So better wait it out for a particular trade option.
However the situation that could unfold may be:
Can short @ cmp 29459 with SL @ 29520 for a target of 29380.
For long SL could be placed at 29420 for a target of 29600.
The real trade will be decided upon what happens next.
If Banknifty breaks 29420, then it will see 29360;29200;29060 levels;
If Banknifty breaks 29600, then it will offer a target of 29700-720 level, which will act as crucial resistance.

Oct 26, 2019

Note

271019:29396
R1: 29700;R2 : 30084
S1: 29060 S2:28800