The_RedTicker

BANKNIFTY Intraday Risk to Reward setup, 08 Jan,20

NSE:BANKNIFTY   NIFTY BANK
For entry methods, kindly check any of my last year's idea on banknifty .
First zones update for this year. Wishing you all, best of luck!!
Levels are mentioned on chart.
Comment: This should happen in this week itself or else avoid.

I have an interesting take on the market, will update entire view in the evening. For now, The_RedTicker believes the market is currently sell on rise. Until it touches 11850-11860 levels on spot. There is a pattern in formation which will not happen if nifty doesnt touch those levels. By then Banknifty should be in 31850 levels.

P.S. Banknifty has already satisfied my conditions, so that's the only problem because I am expecting a fall in nifty with relatively less fall in banknifty.

*Closing above 12000 today will eradicate this view
Also, would recommend not to make position with month long view on nifty.
Trade active: NOT a zone trade, but entered as nifty is in the zone and my setup looks good. Went long @ fut 31145
https://prnt.sc/qkp10d
Trade closed: target reached: quick trade getting out, still looks good but considering today's momentum, this is enough for me cmp is 31211 (fut)
Comment: one can look to trail sl to current 3 min low, 31190-31200 levels and trail on 3 mins or if very optimistic, one can look to book at Lzone, that should be another 100 point on spot, so a total of 200-ish points. (good Trade)
Comment: 15:28 pm
Pattern bet, 31800 ce of 9th jan,20. Nothing will happen, and even if anything happens i dont think we will erase today's gains
Comment: 31800 ce, Wont exit on open

Comments

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