bijoy2526

BANK NIFTY market is not for day trading you will miss gap ups.

Long
NSE:BANKNIFTY   NIFTY BANK
Sgx nifty closed at 12368.
another gap up on Monday it seems.
Nifty likely to proceed towards new all time high.
please don't forget bank nifty was lagging nifty previously
now with financial sector doing well bank nifty has more space left to fill up .
At this stage I will not suggest any one for day trading.
targets have been mentioned in the chart.
as bank nifty is in over bought condition may correct to some extent.
But any dip should be bought immediately.
try to buy if it dips to the line just it has crossed.
Nifty levels I may post after sometimes.
don't forget to like my post.
follow me to get updates
Comment: Stock market involves lot of risks and affected by several factors.
before taking position consult your financial advisor.

Comments

Very very valuable information thanks for your kind support.
+1 Reply
bijoy2526 klsuthar1089
@klsuthar1089, welcome
Reply
Sir for almost 2 months option writers are stucked in sold calls. So what do you suggest, how to manage strangles. October stucked trades were shifted in november & again they are stucked.
Reply
bijoy2526 rahul5275
@rahul5275, it seems bank nifty is bullish right now...it may up to target 3 minimum I think. It is my opinion. .I am not an option expert hence can not suggest anything.
Reply
Sir, Is this good idea to enter tomorrow?
Reply
bijoy2526 karandang
@karandang, this rally should take bank nifty higher. you can try to by incase of any dip.
Reply
karandang bijoy2526
@bijoy2526, Thank you much
Reply
I AGREE WITH EVERY WORD YOU HAVE MENTIONED. MARKET CAN REMAIN IN OVERBOUGHT CONDITIONS FOR CONSIDERABLE TIME, AND BANK NIFTY HAS TO DO LOT OF CATCH UP WITH NIFTY.
Reply
bijoy2526 sandeepkumarmeenagreaternoida
@sandeepkumarmeenagreaternoida, it seems more upside with Biden as president of US ,iI expect US furture may gap up tomorrow let us see.
Reply
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