sekharjaykrish

BankNifty Game plan for Next Week (Nov 09-13)

Short
NSE:BANKNIFTY   NIFTY BANK
  • Entire last week NSE:BANKNIFTY shoot up around 2500+ points narrowly and entered into key decision zone
  • Now 26800 - 27000 will become the key decision whether to continue the rally further or to take a correction
  • Plan A: If next week open gap down below 26700 then 26300 is our next immediate demand zone and from there upside rally can continue
  • Plan B: Below 26300 will drag down to 25600 which is next key demand zone and if steep correction needed 24400 is our last demand zone for next week
  • Plan C: If next week open gap up above 26850 then 27300 is our next immediate supply zone
  • Plan D: If Plan A executed and reversed from 26300 demand zone and rallied up further then 28400 can be our last supply zone for next week

    All levels are as per spot. Anything can happen. Please have a proper risk management. Happy trading.
Comment: Market went as per Plan C and reached our predicted last supply zone 28400.
Plan carefully on long from now.
Comment: Warned clearly for the long above 28400 :)