RaviChandran_Rajkumar

How to Trade Bank Nifty on 05 March 2021 - Watch out for Friday

NSE:BANKNIFTY   NIFTY BANK
How to Trade Bank Nifty on 05 March 2021 - Watch out for Friday Surprises ...

What Chart Says:
Bank Nifty went to retest the previous session low after gapdown opening but managed to close well above the previous session open.

Behind the scenes:
Advance to decline ratio is around 12:38 in nifty 50
FII & DII have both pulled out a small chunk out of today market
All the european & asian markets were flattish to bearish at the time of review
Crude oil continuing its up move
USD/ INR going down which is a good sign

What to expect:
Tomorrow being Friday , expect a possible surprises and trade safe as per the levels with reduced position sizing. Even though the global markets looks bearish still our markets is bullish on both trends.

How to trade today:

Possible setups:
1. GAP UP OPENING - First possible resistance is at 36092 and if it is taken out and if it acts as support then we can expect 36316 / 36549 & above levels to be tested.
2. GAP DOWN OPENING - First possible resistance is around 35575. Any of these levels acting as a strong resistance can go short with possible lower targets of 35296/34983.
3. Flat OPENING - 35903 is the key level to watch out on flat open any support & resistance at this level we can take positions in the direction of the trend and sit for targets as marked.

For better Accurate trades use tradershedge indicator:
?? Each levels Act can as possible support and resistance????.

You can trade then on 5 min and 15 min as per your trade set up or you can follow the dynamic entry & exit levels update and triggers from our TradersHedge indicator setup.

The indicator will auto plot the possible reversal zones for intraday & swing trades by analyzing the higher time frames and identifies the supply & demand zones.

The indicator will also guide you as a GPS system by plotting the possible target zones well in advance so that you can plan your trades accordingly.

You can also check out the Links in the signature for detailed & LIVE updates.

Happy Trading !
Youtube: https://bit.ly/39LWvXR
Indicator: https://bit.ly/3qJr8EL
Telegram: https://t.me/tradershedge
Join TradingView and we both get up to $30: https://bit.ly/39PGWi6

Comments

Thank you sir ...currently I'm not trading...but watching ur YouTube videos is giving me hope 🙏♥
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@iakramkhan23, you are welcome, do join us in live trading every day.
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iakramkhan23 RaviChandran_Rajkumar
@RaviChandran_Rajkumar, yes sir ...please send me any link to join you
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