Bank Nifty Trading Strategy for 2nd Nov'2020


Decision Line:- 23,964 above long & below short.

The move from 20,405 to 24,819 is complete an ABC correction is in progress, which gives a logical target of C at 23,150- approx.

The structure completes above 24,386 and the new up-move starts from there.

Price has stayed above the blue trend line 99% of the time during the last 4 weeks and it has been violated and closed weekly below this trend line, which is not good.

Buy Above 24036 Tgt 24132,24386,24,580 and 24727 (Bank Nifty Spot Levels) SL 23,880.
Sell below 23,805 Tgt 23668,23550 and 23420 (Bank Nifty Spot Levels) SL 24,036.

Always trade what you see, never trade what you feel. Make this a habit, you won't be requiring any seminar, webinar, or mentor, you will be self-sufficient.


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