subhagghosh

Bank Nifty Trading Strategy for 23rd Nov'2020

NSE:BANKNIFTY   NIFTY BANK
#banknifty view on 23rd Nov'2020.

Decision Zone: 29,325 to 29,406

Upper targets:- 29,500 / 29,785 / 30,069 / 30,245 / 30,386 / 30,528

Lower Targets:- 29,182 / 29,040 / 28,838 / 28,580 / 28,121 / 27,837

Trend Reversal levels:- 29,030.

Elliott Wave:- Wave A of correction is complete and Wave B is complete or Wave C is in progress will come to know on Monday.

If the price moves above Friday's high we might touch 29,785 and might even extend it (be cautious with the longs).

If wave C is in progress, and below 29,800 it will be fast you won't get a chance to exit the longs and the immediate target is 28k on cards.

SL for all positional long is 27,703

Always trade what you see, never trade what you feel. Make this a habit, you won't be requiring any seminar, webinar, or mentor, you will be self-sufficient.
Trade closed: target reached: 29,182 -Done/ 29,040 Done/ 28,838 (low was 28,852 missed by a wisker.

After 9:45 there wasn't any buy signal in the chart.

Comments

Could you please recommend the best indicators for buying or selling.
+3 Reply
subhagghosh Praveen6300
@Praveen6300 my analysis is the best indicator
+2 Reply
jzbunty Praveen6300
@subhagghosh bull's eye
Reply
Subhagghosh ji, yesterday you told buy call when market 29150 goes above.
BN just little missed it was 29138 and started falling, most of the people strategy failed, but I was stick to your strategy when BN later around 2pm reached level of 29150 above I started buying the call and made good profit.
+1 Reply
bought 30000ce lost 2250
checked the resistance levels 29450
started to fall waited
bought 29000 pe
made 4500

your support and resistance information is bang on

Kudos
Reply
pls don't post short trades, I am dead against shorting options.

Money is made in option buying.

Hell lot of money can be made in option buying.
Reply
mapoorva32 subhagghosh
@subhagghosh, for tomorrow should we buy put ?
Reply
Range is 29405 -29106 what you see is what you get.May be short straddle candidate.
Reply
subhag sir plz reply
Reply
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