BankNifty Trade Plan for 27th October
Fall on 26th October below 24200 and closing below that confirms the BN to be in bearish to sideways move. Below are the trade plans.
1. Open below 24200 is a good shorting opportunity with SL 24250 for target of 23900.
2. At 23900, Market may try to find support. If sustains above 23900, good opportunity for going long with SL of 23850 for a target 24190
3. Sustaining below 23900 opens the door for 23680 level with SL of 23950.
4. Long can be initiated only above 24550 with SL of 24425 for target of 24800 level.
1. Open below 24200 is a good shorting opportunity with SL 24250 for target of 23900.
2. At 23900, Market may try to find support. If sustains above 23900, good opportunity for going long with SL of 23850 for a target 24190
3. Sustaining below 23900 opens the door for 23680 level with SL of 23950.
4. Long can be initiated only above 24550 with SL of 24425 for target of 24800 level.
Trade active
Plan 1 worked well. first tick below 24200 and now at 23900 level. trail aggressively or book . Wait for 23900 to break decisively for further short opportunityTrade closed: target reached
What a day!!If someone followed the plan properly, all Trade setups achieved target.
Trade 2 worked, Trade 4 worked well.
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.