Swapilchoksi

New Update in Bank Nifty

Education
NSE:BANKNIFTY   NIFTY BANK
As I mentioned my yesterday post that, I will sell BNF 31300-350 zone or 31450-550 zone or sustain below 30900 but today trading range was narrow and near minor support zone . So today was a trade free day for me in BNF.

Today One thing changed that it has broke its previous bottom @ 30900 and mane a new low @ 30862.

Now very strong support zone @ 30500 on daily as well as weekly.
There is a gap @ 30800-30860. So in coming day BNF will fill this gap.

My scene is that in higher time frem BNF is in oversold position so may be it will be sideways or sideways to positive for sometime but remember bhav bhagwan che.

My Trading Plan:
If it will sustain below 30900 then I will take a short position
I will take a short position if it will test 31300-350 or 31450-550 and not able to sustain above this zone.

Thank x
Tread Well.

Trade active: Sold 30500 Put @ 45

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