Bank Nifty action Plan for 28-Sep-2020

Action plan for 28-Sep-2020:

1. BNF may retest the 24-Sep POC ~20800 and if it breaks it may retest the 25-Sep POC ~20600-20500 for accumulation and may move higher.

2. BNF may move higher and accumulate around the 22-Sep & 23-Sep POC ~21200-21300 and may move higher.

3. Crossing 21000 is going to be tough task where selling pressure comes.

Trade active:

First 15mins:
1. if price goes down below 20800 can short for a short trade till 20600-20500.
2. if price goes down and sustains above 20800 can go long till 21000.
3. if price goes up and sustains above 21000, will wait till the price is not moving above 21200-21300. Need to wait for accumulation and can go short on reversal confirmation for a target of 20800, 20600, 20500.

Trade closed manually