Support seen @ S1- 21999 S2-21713 Trade Plan If BN holding the said support can go long for T1-22599 T2-22800 T3-23085 Trade idea for 17 mar target hit use it for refference Respect risk....Trade well...Happy Trading
Bank nifty has a very high chance to fall till 17000 + STOPLOSS hunting.
Bank nifty has broken the dow theory concept of Higher low and Higher high in weekly charts. As per dow theory trend changes when the last higher low is broken, so we can clearly see a trend reversal in Bank nifty. The last Higher low was - 26560, so if the BnF close below this by end of this week. Then we can expect trend changing. Also two key Moving averages...
Hello, Tomorrow I am expecting a sideways range (30450-31000) in Bank Nifty. Also Bank Nifty is stronger than Nifty. Bank Nifty closed very near to its demand zone @ 30450-30500. Tomorrow if Bank Nifty will sustain below this demand zone then I will go short and If it will sustain above this zone then I may short OTM call and Put Options.
Hello, Demand Zones:- 30850-31120 31400-31500 Supply Zone:- 30450-30500 30850-31120 is a no-trade zone for me. Once Bank Nifty will sustain below 31850 then I may go short for the target of the next demand zone. Once Bank Nifty will sustain above 31150 then I am short OTM put option.
Hello, Today all intraday targets done in Bank Nifty as I have mentioned in my yesterday post. I am expecting sideways move in Bank Nifty. I may plan for the option writing tomorrow.
if banknifty consolidates bellow 32000 sell with tgt of 31850
Using the resistance levels in red box can go short with greater R:R
Watch out for resistance zone....we may be heading towards those zone
In an early day we can expect a rise towards 30881 which is seen as a resistance zone for BN.... if held we can possibly see 30546-30455-30339-30017
Strong resistance seen around R1 31002-31069 & R2 31635-31749. BN @31115 which is R1 zone ...breaking the levels can move towards R2 use the levels to short with strict stops Respect risk....Happy Trading
Trade plan for 08 Nov 19...watch out for the levels mentioned Happy Trading....Respect Risk
11-10-19 BOB is showing some support around 85.65 zone if broken it is likely to continue its fall which started in Jan 15. What is probable is to find support in 82.65-74.95 zone and if this happened we can see 150 levels in coming months Long on pullback
SHORT-TERM TRADE IN BANKNIFTY VIEW:- INDEX IS HOLDING ITS 21-BAR EMA ON HOURLY CHART THIS SHOWS STRENGTH IN UP-TREND TRADE IN BANKNIFTY 28TH FUTURE CONTRACT LEVELS ARE ACCORDING TO SPOTS PLEASE ADJUST FOR FUTURES BUY @30300 STOP @30200 TARGET 1@30450 TARGET 2@30550 TRADE IN OPTIONS 30500 14TH NOV CONTRACT CALL OPTION BUY @330 STOP @260 TARGET 1@500 TARGET...
Cautious stance is the best way to trade BNF now....any rally can be used to short BNF....respect risk
NSE:BANKNIFTY Banknifty near resistance zone wait for breakout or risky trader can short