subhagghosh

Bank Nifty Trading Strategy for 10th Nov'2020

Short
NSE:BANKNIFTY   NIFTY BANK

BN range:- 27068.95 — 27595.00

All target except the last target (missed by 25 points) was completed.

Uppper targets:- 27,050 / 27,300 / 27,450 / 27,620


Decision line:- 27,450

No long trade as per my analysis only short trades:- Please don't hesitate to short now, all SL of short 28,500.

Lower Targets:- 27,900 / 27,750 / 27,550 / 27, 350 / 27,200 / 27,075/ 26,855 /26,727 / 26,643 ---

Harmonic Trade extension is 1.618% is 28,180
Gann Resistance :- 28,225
Demand & Supply Resistance:- 28,186 to 28,305

Positional Trend Reversal levels:- 27,075.

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.

Comment:

Comments

I intentionally avoided long at these critical levels and we saw a big spike down, which was expected and it happened and hence avoid trades.

Trading is not about trading always but to wait for the right moment for fire trades.

Overnight long positions were all closed today.

We are not any more positional longs, but we haven't shorted the market.

Will only sell, once we get the desired levels.
+1 Reply
Worth analysing!
+1 Reply
#banknifty:- Resistance becomes support.

29200 to 29500 very much possible.
Reply
I am seating on neutral position Today, I said I won't long today.

SHORT is still far away.

wait for decision line to break.

Else stay neutral
Reply
your vies are goods banknifty
Reply
Sir its crossing the resiatance, should we still hold pe now sir ?
Reply
Sir, Do we still expect a market reversal from here on Banknifty ? (It just crossed 28300)
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what is reaction nifty 50 today?
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Already sgx 12750 above, the insider news was there, that's why it's rallies like headless chicken.
Reply
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