Short Term - Bank Nifty can have Head & Shoulder (H&S) Pattern close to 31300 levels or 31300-31350 - if price halts or stops then Right Shoulder gets confirmed
Safe Trders Sell Only Below 31000 ( Strictly Below 31000) As Proposed H & S Pattern gets completed - Target- 30500
----------------------------------------------------------------------------------------------------------------------------- Bank Nifty Last Idea - Using 31000 Level was the strategy to plan our trades as mentioned over the idea -----------------------------------------------------------------------------------------------------------------------------
Comment
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14:52 Hrs / 30th Dec2020
Last Price @ 31315
Strictly -----------------No Selling for Risky Traders as well---------If Bank Nifty not falling below 31300 levels
Trade active
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15:23 Hrs / 30th Dec2020
Last @ 31295
Struggling close to 31300. Avoid Taking Any Positions Home or Create Sell Tomorrow only if Index falls below 31300
Likely Pattern completes & activates below 31000 -which key & critical level as suggested yesterday also
Trade active
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20:15 Hrs / 30th Dec2020
Assuming Positive Scenario (Alternate Case- Bullish Case) Traders can initiate a buy call above 31350 ( zone which was suggested as sell 31300-31350 in current idea)
Crossing above 31350 - key level
Upside Target Expected- 31800
Trade active
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10:01 Hrs / 31st Dec2020
(Last- 31334)
Good Morning All, Bank Nifty had opening fall but did not reach 31000. Day low was 31088 as suggested be careful or you might get shock-as it has to cross 31350 & hold which it is struggling again at top's close to 31350 levels.
Till the time it is not crossing above 31350 & holding convincingly- avoid taking buy or long positions
Trade active
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14:13 Hrs / 31st Dec2020
Last Price - 31355
31350 is the fulcrum / key level to plan your day trades