subhagghosh

Bank Nifty Trading Strategy for 20th July'2020

NSE:BANKNIFTY   NIFTY BANK
Decision Zone

SL for all short term long 21,495

2:00 PM to 3:30 PM, non stop 90 mins short-covering, until and unless followup buying comes, will be consolidated at this level of 21,000 to 22,500.

We are trying to form H&S formation on the hourly chart, which might require the next 1 to 2 weeks to mature.

Below 21,028 we have a target of 18,976 (23080 to 21,028 , 2052 points .i.e 18,976)