NPKiran

Bank Nifty - Aug 18th

NSE:BANKNIFTY   Nifty Bank Index
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 ?
  • 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
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.