sekharjaykrish

BankNifty Game plan for tomorrow (26/07/2020)

NSE:BANKNIFTY   NIFTY BANK
BankNifty:

Higher Time Frame Price value relationship:
Monthly - 23000 is a good resistance in monthly levels. 22183 key support below this level free fall.

Weekly - 22420 is the key resistance below this it can fall upto 22183.

Game plan for tomorrow(26/07/2020):
- Price value relationship indicating lower value with a small range of prior session, market can be trendy.

- Trade Plan A: Any bullish price action seen at 22420 - 22450 go for long with target of 22540, 22644

- Trade Plan B: Any bullish price action seen at 22520 - 22550 can go for long with target of 22644, 22780, 22900

- Trade Plan C: Any bearish price action seen at 22870 - 22900 can go for short with target of 22780, 22650

- Trade Plan D: Any bearish price action seen at 22740-20790 can go for short with target of 22630, 22540

- Trade Plan E: Aggressive longs can take if price goes above 22900 with target of 23100

- Trade Plan F: Aggressive shorts can take if price goes below 22400 with target of 22180

All levels are as per spot. Anything can happen. Please have a proper risk management. Happy trading.

For more updates follow on Twitter: @SekharJayKrish
Comment: Smoothly executed as per plan E.
As suggested below 22183 a free fall seen in market.
PE buyers made a good profit compared to CE writers.
Comment: Correction it's plan F.

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