Nifty Bank IndexUpdated 03 Jul 2017:: Bank nifty for 1-4 days :: Neutral Zone
03 Jul 2017 :: Bank nifty
Neutral trend: Reward ratio is very limited, use strict stop loss 22950 So *Risky traders take long position for target 23380-23450-23630
Time Duration: 1-4 days
There is two possibilities, which one is we have two to three months for sharp correction of bank nifty and another one is we have more than 15 days. Bank nifty recently made new Swing high 23897 and Swing low 22996 which is breakdown trend line & recent higher low 23311 that sign indicate bank nifty ready for correction. Before correction it will touch 23550-23650 if observation is right.
Wait and watch : Neutral zone 23000-23650
Bank nifty level 23650-23900+ level, take Positional long entry
Bank nifty level 22990-22950- level take positional short entry
On real time market will inform trade activation.
Notes: This is educational purpose, buy sell its your choice.
Neutral trend: Reward ratio is very limited, use strict stop loss 22950 So *Risky traders take long position for target 23380-23450-23630
Time Duration: 1-4 days
There is two possibilities, which one is we have two to three months for sharp correction of bank nifty and another one is we have more than 15 days. Bank nifty recently made new Swing high 23897 and Swing low 22996 which is breakdown trend line & recent higher low 23311 that sign indicate bank nifty ready for correction. Before correction it will touch 23550-23650 if observation is right.
Wait and watch : Neutral zone 23000-23650
Bank nifty level 23650-23900+ level, take Positional long entry
Bank nifty level 22990-22950- level take positional short entry
On real time market will inform trade activation.
Notes: This is educational purpose, buy sell its your choice.
Trade active
buy @ 23236-23240 target 23350-456 use strict sop loss based on risk 1 target 3Trade closed manually
Take profit @ 23330-23335
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