It can may touch the 500-520 range then we can see a pullback around 450 odd level (that will be my POI to take a long entry). And we can head higher from there. For swing or quick scalp trades we can look for the long entry till 520 level.
38220 is a good area to short you can place a small sl with 1:1.5 RR for a quick trade
Banknifty Levels 11th May For Educational purpose
BEARS WAITING FOR TO SHOW THEIR POWER ...WAITING TO CORRECTION MOVE.....LEVELS AND SL ,,WAVE IN CHARTS.....ENTER AT RIGHT PRICE.....CHANNEL TRADING ZONES ARE ATTACHED...WAVES ALSO WORKED......U LIKE THIS ..JUST HIT LIKE BUTTON TO SHOW YOUR POWER NSE:ICICIBANK
WAIT FOR BOUNCE TO SELL..THE BOUNCING PRICE...CATCH THE LONGER MAIN WAVE.....LEAVE THE SMALLER WAVE... LEVELS IN ZONES...PREVIOUS BOUNCING LEVELS.....TO .ENTER ...TRADES... NSE:CONCOR
sell on the break of smaller trend line .. better viewed in 5 minute chart. Target prev lows. Haribol!
Hi Friends, I gave enough descriptions for the Nifty in chart itself, if any doubts, leave a comment below I will get back to you ! Now I wanna address something important... This post gonna generate lot of heat, I guess. If it doesn't, I believe we are matured enough to accept criticism / feedback and constanly trying to improve. Below are few points which I had...