Each level act as support and resistance one can trade on 3 min , 5 min, 15 min as per their intra trade setup. one check old published ideas.
21-10-2020 Oct levels worked like charm first went for long from24496 to 24819 then from that level it went till 24162(3 rd target short side) and from their it took support and again went till 24661 all and all great day ,...
each levels act as a support and resistance on smaller time frame like 3 min 5 min 10 min etc. for better reference one can check old published ideas speciaally 14 th oct idea worked like real charm. link below
HERE IS SIMPLE TRADE SET UP FOR BANK NIFTY, BANK NIFTY IS NOW IN VERY NARROW RANGE AS PER OUR HIGH LIGHTED BOX NOW BANK NIFTY ONLY BUY ABOVE 22765 FOR THE TGT OF 23500 AND BANK NIFTY SELL BELOW 22000 FOR THE TGT OF 21250 AS PER OUR VIEW MAJOR SUPPORT IS 21000 AND RESISTANCE IS 25000.
HAPPY TRADING FRIENDS.
Bank Nifty has continuous 2 inside candle. We can derive two outcome whenever inside bar happens. Bullish or bearish breakout. Whichever side it breaksout, take the trade keeping other side range as SL. Target levels are given. You can initiate intraday or momentum trade using Option ce or pe. Do as per your choice.
Example: If the breakout happens on Upper side,...
1. On the 22nd of Aug 2020, in my blog on BNF series the point no. 1 trading plan section is quoting for your consideration as proof that given targets on upside precisely achieved by index as usual without fail. Every word was written so meticulously that proves the presence of perfect manifestation of the move six days prior...
Strong Demand Zone @ 23150-23250.
Minor Resistance @ 23450
Strong Supply Zone @ 23800-2400.
I will short the 23000 put for the next exp if it will manage to hold above 23150-23250.
Once it will trade above 23450 then I will go long in Fut for the target of next supply zone @ 23800-24000.
1. On 28th July 2020, I wrote in point no. 1 of the trading plan is quoting as proof of how early tracing of change in trend helps many positional traders to go wrong in their trade. " See I made a pink line at the bottom which indicates if it breaches then any positional long should be covered. In fact, the first 15 min candle if the...
1. On 15th July, post in point no.1 of the trading plan, I clearly mentioned is quoting as proof of my statement and compare it with the current chart " Today low is important If it is breached and 15 min candle gives closing below this low then chances of upside move will finish. And on taking out the red upper band of the lower zone,...
Comparison of my 25th June Statements with the real move.
1. On 25th June, I mentioned in point no. 2 ( trading plan) is quoting for your consideration " If price breaks this and pink support on 15 min time frame then you have to apply taken out condition only to short with the target of green zone lower band." You can see this...