Bank Nifty Trading Strategy for 10th Nov'2020 Short

Nifty Bank IndexNSE

Description

⋅ Nov 9, 2020 6:08 PM

BN range:- 27068.95 — 27595.00

All target except the last target (missed by 25 points) was completed.

Uppper targets:- 27,050 / 27,300 / 27,450 / 27,620

Decision line:- 27,450

No long trade as per my analysis only short trades:- Please don't hesitate to short now, all SL of short 28,500.

Lower Targets:- 27,900 / 27,750 / 27,550 / 27, 350 / 27,200 / 27,075/ 26,855 /26,727 / 26,643 ---

Harmonic Trade extension is 1.618% is 28,180
Gann Resistance :- 28,225
Demand & Supply Resistance:- 28,186 to 28,305

Positional Trend Reversal levels:- 27,075.

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.

Comment

⋅ Nov 9, 2020 6:09 PM

Comments

srockin23

⋅ Nov 9, 2020 9:03 PM

bank nifty will drop is what u r telling ?

subhagghosh

⋅ Nov 10, 2020 12:06 PM

I intentionally avoided long at these critical levels and we saw a big spike down, which was expected and it happened and hence avoid trades.

Trading is not about trading always but to wait for the right moment for fire trades.

gsara111975

⋅ Nov 10, 2020 12:42 PM

@subhagghosh, yes sir you are right.today also the upper levels are crossed as per your analysis.Thanks for the advice to have a SL at 28500...Thanks...

jebamichaelrajm

⋅ Nov 10, 2020 9:35 AM

give some clear range bro

subhagghosh

⋅ Nov 10, 2020 9:49 AM

@jebamichaelrajm, No range is there...positional target was 28400 which got completed today.

jebamichaelrajm

⋅ Nov 10, 2020 9:35 AM

bro what will dominate? bear or bull?

subhagghosh

⋅ Nov 10, 2020 8:22 AM

#banknifty:- Resistance becomes support.

Shorts are getting squeezed 29,200 to 29,500 very much possible.

subhagghosh

⋅ Nov 9, 2020 9:15 PM

let's see.. .everyone is buying