Expiry Special Analysis for 5th Nov'2020.
#banknifty:- Too Quick Rally to sustain and rasing wedge is not a good sign.
Decision Zone:- 25,670 - 25,923
Upside:- 26,150 / 26,300 / 26,500 / 26,790
Downside:- 25,384 / 25,211 / 25,054 / 24,823
Keep 100 to 120 points as SL.
Don't be short if BN crosses 26,311 then we are heading for 26,765/ 27,798 / 28,325 ( Yes 2000 point rally), but before this BN has to cross the multi-month supply zone.
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.
Decision Zone:- 25,670 - 25,923
Upside:- 26,150 / 26,300 / 26,500 / 26,790
Downside:- 25,384 / 25,211 / 25,054 / 24,823
Keep 100 to 120 points as SL.
Don't be short if BN crosses 26,311 then we are heading for 26,765/ 27,798 / 28,325 ( Yes 2000 point rally), but before this BN has to cross the multi-month supply zone.
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.
Trade closed: target reached:
Only two targets on upside:- 26,150 & 26,300
