Bank Nifty Trading Strategy for 24th Dec'2020

Nifty Bank IndexNSE

Description

⋅ Nov 23, 2020 8:41 PM

#banknifty view on 24th Nov'2020.

Decision Zone:- 29,185 - 29,104

Upper targets:- 29,324 / 29,500 / 29,785 / 30,069 / 30,245 / 30,386 / 30,528

Lower Targets:- 29,040 / 28,838 / 28,580 / 28,288/ 28,121 / 27,837

Trend Reversal levels:- 29,030.

Elliott Wave:- Wave B is complete and wave 3 is in progress and below 29,838 it will be fast you won't get a chance to exit the longs and the immediate target is 28,200 to 28,000 on cards.

SL for all positional long is 27,703

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.

Trade closed: target reached

⋅ Nov 24, 2020 10:30 AM

Upper targets:- 29,324 / 29,500 / 29,785 DONE

Comments

Falcon-Rising

⋅ Nov 24, 2020 1:20 AM

Hi..do you mean below 28838?

subhagghosh

⋅ Nov 24, 2020 7:47 AM

@Falcon-Rising if price falls below 28,838

gjananisri

⋅ Nov 23, 2020 9:19 PM

On the same day, upper & lower targets are achieving, or market opens with gap up or down, unable to predict at what point we can enter.

subhagghosh

⋅ Nov 24, 2020 7:49 AM

@gjananisri Entry point u have to fine tune using price action.

I give u levels to guide your trading, exact entry and exit is not possible to give here , as this is posted well before market hours.

exact entry n exit can be acheived if you all start practicing price action.