Nifty Bank IndexLong
BankNifty View 21 Sep 2021
Bank Nifty risen today after a good correction making a hammer ( open and close almost same, if high=open=close then it would have made a nice dragon fly doji )
Now closing is almost at the resistance, so there are 3 cases as follows :
Case 1 : If opens flat, makes a bearish candle on 15 mins,
then sell on any small pullback if u get is my view.
Case 2 : If opens Gap up, sustains the gap, then buy any small dip if u get. if gap doesn't sustain, wait for price action, market may become volatile.
Case 3 : If opens Gap down, then wait for bullish price action (hammer, bullish engulf/harami) at Fibonacci levels, for upside trade but if crosses below 36525, then bearish view
Plan your trade. Trade your Plan.
Happy Trading !!!
Now closing is almost at the resistance, so there are 3 cases as follows :
Case 1 : If opens flat, makes a bearish candle on 15 mins,
then sell on any small pullback if u get is my view.
Case 2 : If opens Gap up, sustains the gap, then buy any small dip if u get. if gap doesn't sustain, wait for price action, market may become volatile.
Case 3 : If opens Gap down, then wait for bullish price action (hammer, bullish engulf/harami) at Fibonacci levels, for upside trade but if crosses below 36525, then bearish view
Plan your trade. Trade your Plan.
Happy Trading !!!
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Disclaimer
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.