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Budget Special:- Bank Nifty Trading Strategy for 1st Feb'2020:-

NSE:BANKNIFTY   NIFTY BANK
Budget Special:- Bank Nifty Trading Strategy for 1st Feb'2020:-

I am neutral for 1st Feb'2020 due to the big event.

** Tomorrow Supply / Resistance Zone:- 31,020-31,085
** Tomorrow Demand / Support Zone:- 30,474-30,522

Pivot Zone:- 30,762-31,803 Above +ve below -ve

IMPORTANT LEVELS FOR BANKNIFTY

S: 30714, 30786, 30580, 30480, 30356, 30229
R: 30907, 30999, 31083, 31170, 31275

Above the zone 31,020-31,085 Targets are 30350-30470 / 30550-30650 / 31900-32000/ 32600+++
Below the zone 30,474-30,522 Targets are 30050-30150 / 29450-29500.

Mind it:- Tomorrow being budget is IPL super over.

1. Once you are below 30480, you can bee sub 31000 levels in mins.
2. Once you are above 31480, then 300 to 400 points in a flash.
3. Follow the trend, if BN is going up you trade long with SL and if it's going down go short with SL.
4. Don't do counter trading, your’ s 200 Rs option can become 50 min in 15 mins.
5. No Range trading, only breakout or breakdown trades.
6. Trade with the amount that you can afford to lose tomorrow, your' s SL might now work or your broker terminal may hang.

For explicit budget, strategy follows us on telegram BNTrading.

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