Bank Nifty Levels for Monday(Ready to Explode)
Bank Nifty whole week in tight range compressed ready to explode either way ,on daily time frame it is taking resistance at 20 EMA, Only after successfully cross and price sustaining above daily time frame 20 EMA consider bullish,
Play the borders until then or sell on rise, buy would be with low quantity depending on your risk appetite.
Levels mentioned on chart enter with price action at levels. important levels 41700, 41300, 41100 areas only , other places ignore sit tight and save your capital.
will update more on live market Monday.
Play the borders until then or sell on rise, buy would be with low quantity depending on your risk appetite.
Levels mentioned on chart enter with price action at levels. important levels 41700, 41300, 41100 areas only , other places ignore sit tight and save your capital.
will update more on live market Monday.
Trade active:
Opening in range as now no trade, wait for 30 mins to 1 hr let it make a range then decide to take trade.
Scenarios for first 30 mins to 1 hr range.
1.Narrow Range with 100 to 150 points look for break out trade
2.Average Range with 250 to 400 points look for borders play
3.Wide Range with 400 to 600 avoid or paly at day high or day low in between no trades.
Scenarios for first 30 mins to 1 hr range.
1.Narrow Range with 100 to 150 points look for break out trade
2.Average Range with 250 to 400 points look for borders play
3.Wide Range with 400 to 600 avoid or paly at day high or day low in between no trades.
Trade closed: target reached
