Nifty Bank IndexUpdated BNF SPOT- Blue Print for 07-NOV-2024
Pivots Analysis.
l Monthly Pivot - LV Relationship
l Weekly Pivot - HV relationship
l Daily Pivot - LV Relationship -
l Pivot Width Analysis - Trending day - 0.35
Key levels.
l PDH/PDL - Done.
l PD Turning Points - Done
l PD Supply and Demand Zone (1HR TF) - Done
l Swing High/Low - Done
l Gaps - Done
l Virgin CPR - None
SUMMARY
Trading Plan
1. Bullish trade if there is a positive price action above 52230 level, stop at 52130 with target at 52380
2. Bullish trade is there is a positive price action above 52400 level, stop at 52300 with target at 52550
3. Bearish trade if there is a negative price action below 52400 level, stop at 52500 with target at 52250
4. Bearish trade if there is a negative price action below 52230 level, stop at 52330 with target at 51090 (51100)
Two rules that I follow religiously while trading
► Don’t trade until 9:30, unless it’s a trending day.
► Once you Reach 1:1 RR ratio move your SL to cost and book 50% if you are a conservative trader.
This information is for education purpose only. So, please consult your financial advisor for any investment/trading advise.
Bonne chance!!
FoxStox Wealth Management (Abhishek)
l Monthly Pivot - LV Relationship
l Weekly Pivot - HV relationship
l Daily Pivot - LV Relationship -
l Pivot Width Analysis - Trending day - 0.35
Key levels.
l PDH/PDL - Done.
l PD Turning Points - Done
l PD Supply and Demand Zone (1HR TF) - Done
l Swing High/Low - Done
l Gaps - Done
l Virgin CPR - None
SUMMARY
Trading Plan
1. Bullish trade if there is a positive price action above 52230 level, stop at 52130 with target at 52380
2. Bullish trade is there is a positive price action above 52400 level, stop at 52300 with target at 52550
3. Bearish trade if there is a negative price action below 52400 level, stop at 52500 with target at 52250
4. Bearish trade if there is a negative price action below 52230 level, stop at 52330 with target at 51090 (51100)
Two rules that I follow religiously while trading
► Don’t trade until 9:30, unless it’s a trending day.
► Once you Reach 1:1 RR ratio move your SL to cost and book 50% if you are a conservative trader.
This information is for education purpose only. So, please consult your financial advisor for any investment/trading advise.
Bonne chance!!
FoxStox Wealth Management (Abhishek)
Note
VIRGIN CPR - 53027.10 To 52959.00Trade active
Long trade executed at 09:35 candle
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.