Banknifty trade plan for 18-07-2023
Today's rally was very sharp and steep.
Breakout of ATH is difficult, but most likely it will give breakout with gap up, but sustaining the price above ATH is bit doubtful.
Can expect a gap to be filled after gap up opening.
We are positional long, can book partials at gap up opening and watch the market to pyramiding at retracement or ride the balance qty without doing much at all
just ride the rally and buy on dip would be the easiest set up to trade
Breakout of ATH is difficult, but most likely it will give breakout with gap up, but sustaining the price above ATH is bit doubtful.
Can expect a gap to be filled after gap up opening.
We are positional long, can book partials at gap up opening and watch the market to pyramiding at retracement or ride the balance qty without doing much at all
just ride the rally and buy on dip would be the easiest set up to trade
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