subhagghosh
Long

Expiry Special:- Bank Nifty Trading Strategy for 6th Feb'2020:-

NSE:BANKNIFTY   NIFTY BANK
Expiry Special:- Bank Nifty Trading Strategy for 6th Feb'2020:-
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What I posted yesterday:-

Pivot Zone:- 30653-30705 Above +ve below -ve

There are two types of trades:- Range Trading and Breakout Trade.

1. Range Trade:- Buy/SELL in above or below Pivot Zone & GREEN Zones, SL is zone lower point, T 100 to 300 points/ resistance zone .

2. Breakout Trade:- Once a pivot /zone is broken, keep SL as lower / upper end of the zone for next zone as the target or target 100 -300 points.

30300 is pivot zone for positional trade:- Till the time we are above 31300 we are bullish .

Day Low for BN was 30658 dot on our low of pivot zone (30705-30653) AND High was 31065 bang on our resistance zone (31,045-31,085).

The trade for 300-400 points was bang on buy-in support and sell at resistance.
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I am bullish on BN until we close below 30,301.

52 Week Low:- 23-Aug-19:- Low is 26,560.80
52 Week High:-30-Dec-19:- High is 32,613.10

23.6% 31,185 Breached
38.2% 30,301 Breached
50% 29,587 Saved
61.8% 28,873 Saved
78.2% 27,856 Saved

## Monthly Resistance:- 31380-31480 / 31650-31750
## Weekly Resistance:- 31115-31180
## PIVOT:- 30846-30947
## Tomorrow Demand / Support :- 30654-30705
## Weekly Support:- 30105-30186

NOTE:- We are super bullish above 31185.

VIX and PCR: - Shows there is still 150 -200 more points to be gained in BN , that's were our 31185 resistance comes into the picture.


There are two types of trades:- Range Trading and Breakout Trade.

1. Range Trade:- Buy/SELL in above or below Pivot Zone & GREEN Zones, SL is zone lower point, T 100 to 300 points/ resistance zone .

2. Breakout Trade:- Once a pivot /zone is broken, keep SL as lower / upper end of the zone for next zone as the target or target 100 -300 points.

30300 is pivot zone for positional trade:- Till the time we are above 31300 we are bullish .

I have a traders community on telegram BNTrading ( it's a community to share ideas, no charges), you can follow real-time market analysis and post your’ s view as well.


Trade closed: target reached: Bang ON:- Day low was in our pivot zone (pivot low was not broken) and day high was top of resistance zone.

If you have followed it, you must have made 4x to 5x.

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