subhagghosh

Bank Nifty Trading Strategy for 10th July'2020

Long
NSE:BANKNIFTY   NIFTY BANK
#banknifty:- Nothing has changed, the structure is still bullish (last 2 days repeating the same thing)

SL for all long trades:- 21,350

Decision Zone 22,691-22,919, 228 point no trading zone.
Resistance Zone:- 23,000 - 23,100
Suupport Zone:- 22,022 - 22,170

52W H :- 32,613
52W L :- 16,116

38.2 % 22,428
50.0 % 24,365
61.8% 26,311

Wave 2 is 21,967 to 17,195, so 50% of this wave is 24,398 which coincides with 50% of the fall 24,365.

As per wave structure, the next logical target above 22,418 is 24,365.

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