Banknifty is playing test match and testing our patience. 20050 - 20150 is the support level for banknifty. Daily cadlestick formation of doji in banknifty shows the indecision. Bank nifty upside targets are 20330, 20380, 20400 and 20430. Downside it can reach 19980. Note : I am a private trader. I am not giving free/paid calls. I am not taking trading classes. I am here to improve my technical knowledge. This is my trading analysis journal.
Comment
⋅
Banknifty gave chance for scalping!
Comment
⋅
Comment
⋅
Dear friends, my next post is related to gap up trading. Please share your knowledge with an example chart.
Comments
pankajvw
⋅
Why you say you don't give free/paid calls, and trading classes. You are so much good, if somebody wants to pay you shall allow them to. :D
kedarjoshi
⋅
vanathi
⋅
@kedarjoshi, Very useful chart. Can you please share it with explanation in my post "Gap up treading(Your knowledge grows when you share it). Thank you.
kedarjoshi
⋅
Gap up & Gap down are strong support and resistance zones respectively.
venkaticr
⋅
All your targets are achieved. But the reason for today's rise is not clear.
vanathi
⋅
@venkaticr, Range bound or sideway movements or resistance always get break with gap up or gap down. Bank nifty's resistance was 20907. It needed strength to break it. Gained strength and broke it with gap up. If you have noted most of the private sector bank scripts didnt go to sell mode for few days.