Bank Nifty - Strictly Follow The Levels (Trigger Level - 30200)

Trading Strategies


Buy Only If Bank Nifty Holds Above 30200 for 30750/31000 Target

Sell Only If Bank Nifty Slips below 30200 - Downside Target is 27750-28000

Trigger Point - 30200

Trade active:

14:30 Hrs / 9th Dec2020

Last @ 30720

Day High @ 30799

Target 1 Done @ 30750 - Careful at the tops specially if Index slips strictly below 30700
Have patience & wait to get market confirmation for sell later (strictly only below 30700) for 30200 / 27750-28000 Target downside

Trade closed: target reached:

All Targets Done & Wedge Pattern Formed - Excited to see this pattern develop as carnage was waiting outside of the markets & participants should have been extra cautious in such times..............to be followed with future ideas

Best Wishes