Bank nifty shows bullish run if it sustains above 35430. The first target area will be the supply zone and on breaking out the supply zone, trail profits until 36100.
Be absolutely sure of level 35430 and wait for the pullback before proceeding. Price above this sets the target as point D of bearish shark pattern XABCD.
Stoploss is placed on the previous swing high in 5 min timeframe.
Happy trading :)
This is not investment advice.
Trade closed: target reached
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Profit booking area reached yesterday, which was the supply zone. Looks like price may consolidate near the supply zone. Hope you had nice profits. :)
BN which price can we expect till next week expiry?
Pls reply me....
Sanjan91
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@anandmutthanna, hard to tell considering fed meeting on friday. Based the outcome, we could expect the index to violently move in the range 36100-34800.
anandmutthanna
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@Sanjan91, Heart full thanks for your kind response sir.
Sanjan91
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thank you :)
anandmutthanna
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@Sanjan91, Hi sir, can we see bank nifty above 36000 next 2-3 session?
Sanjan91
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We might, but book your profits near 36000. We can't be sure of anything these days.
Pls reply me....