Bank Nifty Trading Strategy for 4th Dec'2020

Nifty Bank IndexNSE

Description

⋅ Dec 3, 2020 9:06 PM

#banknifty view on 4th Dec'2020.

We are having a correction wave: Triangle, Zig Zag Contracting Triangle

Decison Zone:- 29,550 - 25,608

Resistance Zone:- 29,778 - 29,851

Upper targets:-29,710 / 29,813 / 29,920 / 30,045

Support Zone:- 29,150 - 29,223

Lower Targets:- 29,290 / 29,149 / 29,950 / 28,655 / 28,236 / 27,824

SL for all positional long is 28,800

Any crack can pull BN immediately to below 28k.

Weekly Range:-

Smaller Range:- 28,900 to 30,200

Larger Range:- 28,500 to 30,700

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.

Comments

bishwarup_2020

⋅ Dec 4, 2020 12:26 PM

subho da....u r great!!!

Aadamsafi

⋅ Dec 4, 2020 10:00 AM

great work.. God bless you

subhagghosh

⋅ Dec 4, 2020 12:27 PM

#banknifty view on 4th Dec'2020.

We are having a correction wave: Triangle, Zig Zag Contracting Triangle

Decison Zone:- 29,550 - 25,608

Upper targets:-29,710 ✅/ 29,813 ✅/ 29,920 ✅/ 30,045✅

Manoj_Korrapati

⋅ Dec 4, 2020 8:01 AM

hard to time entries today, when u long above 610, it went down initially below decision zone and it hit SL and then went up... there might be some corrections needed with ur decision zones , pls check.

subhagghosh

⋅ Dec 4, 2020 12:27 PM

@Manoj_Korrapati it's Ok, SL on short tiggred the long....EOD big profit

Apbabu

⋅ Dec 5, 2020 1:23 AM

@subhagghosh,

Really great job 👍👏😊,,
Very very informative for beginners like me.
Thanks a lot bro.