Bank Nifty 33,000 Is the next spot of rest after that 30 K
In our bank nifty analysis shared on 07 June we had predicted at 35,500 levels that bank nifty will hit 33,000 and if 33,000 breaks then next is 30,000.
This is bank nifty chart on the daily time frame.
Now, if you see on the daily time frame the price candle has broken below the Kijun and closed at 34,550 levels. Also, the chikou span or the lagging span has given the closing below the price candle.
All these factors contribute towards the bearish concept of the market trend. Our all analysis is based purely on Ichimoku Trading strategy.
Friends, tomorrow that is 13 June we will open Gap down at 34,000 levels.
Now, 34,000 level is also a psychological support level in bank nifty.
So my trade plan will be to close my short trades at 34,000 and wait for the market to retrace towards 34,300 levels where I will again add short trades. In this market scenario I will write OTM call Options or BUY In the Money Put Options.
This is bank nifty chart on the daily time frame.
Now, if you see on the daily time frame the price candle has broken below the Kijun and closed at 34,550 levels. Also, the chikou span or the lagging span has given the closing below the price candle.
All these factors contribute towards the bearish concept of the market trend. Our all analysis is based purely on Ichimoku Trading strategy.
Friends, tomorrow that is 13 June we will open Gap down at 34,000 levels.
Now, 34,000 level is also a psychological support level in bank nifty.
So my trade plan will be to close my short trades at 34,000 and wait for the market to retrace towards 34,300 levels where I will again add short trades. In this market scenario I will write OTM call Options or BUY In the Money Put Options.
Trade closed: target reached:
target reached in bank nifty 33 k
32800 levels done
32800 levels done