Intraday Bank nifty setup | 28-05-2021
bank is bullish and taking supports from 200dema and 50dema multiple times now :)
Accumulated on such lvls = what we need now ?
We need a break of fibo pivot lvl and today's high too in order for our trade to be activated here
1st pivot can be taken as 1st target :)
If it doesn't break and closes above today's high = leave the trade :)
This would have been my setup and thinking
NOTE: I don't trade in bank nifty bcoz i have a capital less than 10 Lakhs and my thought process is not risking so much in options or futures for now at least :)
NOTE: This is my work and thought process , no call :)
( I love to trade and work on setups so I did :)
Accumulated on such lvls = what we need now ?
We need a break of fibo pivot lvl and today's high too in order for our trade to be activated here
1st pivot can be taken as 1st target :)
If it doesn't break and closes above today's high = leave the trade :)
This would have been my setup and thinking
NOTE: I don't trade in bank nifty bcoz i have a capital less than 10 Lakhs and my thought process is not risking so much in options or futures for now at least :)
NOTE: This is my work and thought process , no call :)
( I love to trade and work on setups so I did :)
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