Bank Nifty - Aug 18th
Bank Nifty is trading at crucial levels and exactly near the breakout levels
For the last 3 days it is indecisive and making doji candles
Here is some help how to trade bank nifty without any bias
Bank Nifty paused at breakout zone
Possible Scenarios:
1. Buy again from support levels
What to look for ?
2. Break down the support levels
What to look for ?
How to trade ?
Let Friday decide what to do and take the trade at EOD accordingly positional basis
For the last 3 days it is indecisive and making doji candles
Here is some help how to trade bank nifty without any bias
Bank Nifty paused at breakout zone
Possible Scenarios:
1. Buy again from support levels
What to look for ?
- 43750 level to be supported
- break the trend line connecting 2 Doji candles
2. Break down the support levels
What to look for ?
- Trade below 43800
- break 43700 and 43500 will lead to big down size
How to trade ?
Let Friday decide what to do and take the trade at EOD accordingly positional basis
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