Bank Nifty - Catching The Bottoms At 29000

Last Price- 29265 / 13:15 Hrs/ 22nd Dec2020

Risky Traders - Buy Position Taken close from 29000 levels - updated in the last idea mentioned below & discussed over the current video idea

Safe Traders - Have to Buy Only Above 29450 for 29750 / 30000 Upside Target

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Bank Nifty Last Idea @ 21st Dec2020
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Trade active:

Target 1 Done at 29450 - Hope You enjoyed buying from bottoms at 29000 lows

Trade active:

13:36 Hrs / 22nd Dec2020

Last Price- 29315

Day High - 29453

Safe Traders -----------Have been suggested to buy only above 29450 levels strictly

Trade active:

14:49 Hrs / 22nd Dec2020

Last @ 29625

2nd Target - 29750 just missed

Day High @ 29715

Book Partial Profits in 2nd Target

Trade active:

15:11 Hrs / 22nd Dec2020

Last @ 29658

Next Buying Should be taken only above 29750 & above -once it crosses & holds else some correction & possible retest close to 29240-29275 zone - if holds below 29750

Trade active:

05:36 Hrs / 23rd Dec2020

Target 2 achieved close to 29750 - Suggested to book & plan your next trades as mentioned yesterday while closing of the markets

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Repeat - Trading Strategy for 23rd Dec2020
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As suggested yesterday before markets closed -

"Next Buying Should be taken only above 29750 & above -once it crosses & holds else some correction & possible retest close to 29240-29275 zone - if holds below 29750"

Trade active:

09:35 Hrs / 23rd Dec2020

Bank Nifty had a fall from 29650/29700 to 29450 which was minor support level

Trade active:

09:39 Hrs / 23rd Dec2020


Last Price- 29580

Minor Support 29450 -close by levels was buying opportunity for 29750 & above 29750 for 30000+

Trade active:

09:58 Hrs / 23rd Dec2020

Last Price- 29662

Just missed 29750 again for the day --------------Day High so far @ 29732

Trade active:

10:07 Hrs / 23rd Dec2020

Last Price- 29667

30000+ Target gets opened only if Bank Nifty crosses above 29750 & holds above that level to give us confidence for a new high

Keep in mind - next important level- 29750. Thanks

Trade active:

10:12 Hrs / 23rd Dec2020

Last @ 29582

Getting close to 29750 is a selling opportunity always from trading point of view & one can realize the importance of these levels 29750 / 29450 etc

Trade active:

10:21 Hrs / 23rd Dec2020

Last @ 29680

Holding 29450 minor support level which was close bottom for the day - we still look for 30000+ Targets

But it should cross above 29750 to give us more confidence

Trade closed manually:

11:13 Hrs / 23rd Dec2020

Idea gets closed. Thanks & Have a wonderful time ahead