Nifty Bank IndexShort
Bank Nifty Trading Strategy for 2nd Mar'2020.
The first sign of reversal above 29612, the trend will change to positive above 30,208.
Last line of supports:- Support:- 28,872 / 27,989
## Monthly Resistance:- 31,467, 31650-31750 / 31905 (23.6% retracement of 32613 & 29612).
## Weekly/ Resistance / Supply Zone :- 31,113-31,183
## Weekly/Resistance / Supply Zone :- 30946-31010
## Weekly/ Resistance / Supply Zone :- 30521-31630
## ** Monthly Resistance / Supply Zone 29,994-30,208
## PIVOT:- 30,051-29,950.
## ** Monthly Resistance / Supply Zone 29,587-29,612.
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.
Last line of supports:- Support:- 28,872 / 27,989
## Monthly Resistance:- 31,467, 31650-31750 / 31905 (23.6% retracement of 32613 & 29612).
## Weekly/ Resistance / Supply Zone :- 31,113-31,183
## Weekly/Resistance / Supply Zone :- 30946-31010
## Weekly/ Resistance / Supply Zone :- 30521-31630
## ** Monthly Resistance / Supply Zone 29,994-30,208
## PIVOT:- 30,051-29,950.
## ** Monthly Resistance / Supply Zone 29,587-29,612.
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.
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