Nifty Bank Index

Bank nifty trades and targets - 6/9/24

Hello Everyone. The market was in a very tight range the previous day. Let the resistance or support range break with 15-minute candle before going for any trades. Look at chart in longer time frame and see if it is within range or past few days then do not trade in this index, let is break any of the side before going to trade. If the market opens flat then we can see continuation of trend. If it opens gap up then we need to see the resistance level to break before looking for CE trades. If it opens gap down then look for PE trades after support zone is broken. Let the market settle in first 15 to 30 minutes then look for directional trades. Book profits every 50 points as we are getting very few trending moves.

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