Nifty Bank IndexUpdated Banknifty Intraday-11 May 2021 (Triangle Pattern)
Execute Long above 33300 and Awesome Oscillator should cross the trend line in upside with 15 mins candle close. This is for Double confirmation. Index stuck between 33000 & 33300. Don't take any fresh positions inside this Range bound zone.
Execute Short below 33000 with 15 mins candle close. Index looks bullish. Risky players can buy Call options near 33000 as its the strong support zone (As per Open interest).Strong Resistance is at 33500.
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Disclaimer: Kindly do your own analysis or consult your advisor before taking any trade. This view is for educational purposes only.
Execute Short below 33000 with 15 mins candle close. Index looks bullish. Risky players can buy Call options near 33000 as its the strong support zone (As per Open interest).Strong Resistance is at 33500.
Kindly share your valuable feedback.
Disclaimer: Kindly do your own analysis or consult your advisor before taking any trade. This view is for educational purposes only.
Trade closed: target reached
Short target achieved successfully
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.