31th July, #banknifty short term trading stratergy
Updated
Intraday Trading Strategy:- 31th July 2020.
I don't give much weightage to monthly expiry closing, as there are FNO adjustments and little of fundamental works.
Entry Point:- Watch ADX recovering from 13-15 range & DMI+ crossing DMI- & RSI Increasing for entering trades.
Once the condition is met enter the trade.
Target:- 22,200/22,340 SL 21,342
Risk/Reward Ratio: 3.24
The next post will be a detailed analysis of the #banknifty and this is just a trading setup to trade for the next 3 days.
I don't give much weightage to monthly expiry closing, as there are FNO adjustments and little of fundamental works.
Entry Point:- Watch ADX recovering from 13-15 range & DMI+ crossing DMI- & RSI Increasing for entering trades.
Once the condition is met enter the trade.
Target:- 22,200/22,340 SL 21,342
Risk/Reward Ratio: 3.24
The next post will be a detailed analysis of the #banknifty and this is just a trading setup to trade for the next 3 days.
Note
Trade active
The trade is still not activated, so will review it on Monday.
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