Good to keep on the radar
Always respect SL & position sizing
Trade Secrets By Pratik
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Banknifty Intraday levels for Tomorrow..
Expectation : Flat to Small Gap up Open - Bearish Reversal from Previous Day High. Any breakout above PDH then Target 1 & 2 will be tested.
Support and Resistance Zones - When price breaks the zone, Support zone will become Resistance and Resistance zone will become Support.
For quick scalping, Wait for first 5m...
Bank Nifty Trade Plan for 06 JAN 2022
Global markets showing some bearishness and Bank Nifty is at resistance.
Expect Bank Nifty to open gap down around 37500 and might try to find support from CPR. Watch out for the price action around these levels.
Expect Bank Nifty to trade in a range today, so 38000 - 37400 strangles would be ideal as per my view.