BANK NIFTY TRADE PLAN 17 APR 20 ONWARDSWatch the levels as mentioned
Views are for ‘’EDUCATIONAL PURPOSE ONLY’’ trade at your own risk.
"Always Respect Risk"
Happy Trading
Jai Hind
Dhiraj Singh Bais
Warrior @ Battle field
Expiry
Bank Nifty Trading Strategy for 5th March '2020.Bank Nifty Trading Strategy for 5th March '2020.:- Check my plan for 4th Mar, you can't be more accurate than this:-
The first sign of reversal above 29625, the trend will change to positive above 30,208.
Last line of supports was:- Support:- 28,872 / 27,989. NEXT level is 27,989 then flood gate open you might see 27,568 & 26,728.
You remember the corporate rate cute happened on 20th Sep,19 (L- 26,728 & H- 29,419), that flood gate has open and it’s a vacuum which can suck BN to 27K levels.
## Monthly Resistance:- 31,467, 31650-31750 / 31905 (23.6% retracement of 32613 & 29612).
## Weekly/ Resistance / Supply Zone :- 31,113-31,183
## Weekly/Resistance / Supply Zone :- 30946-31010
## Weekly/ Resistance / Supply Zone :- 30521-31630
## ** Monthly Resistance / Supply Zone 29,994-30,208
## ** Monthly Resistance / Supply Zone 29,587-29,612.
@@ Pivot Zone:- 28,830-28,725 Above +ve Below -ve
## Support:- 28,872/27,989
There are two types of trades:- Range Trading and Breakout Trade.
1. Range Trade:- Buy/SELL in above or below Pivot Zone & GREEN Zones, SL is zone lower point, T 100 to 300 points/resistance zone.
2. Breakout Trade:- Once a pivot/zone is broken, keep SL as lower / upper end of the zone for next zone as the target or target 100 -300 points.
Nifty weekly expiry...Symmetrical trianglePlease like and follow to get more updates ideas..
Levels are mentioned on the chart..
Know your own risk before invest.This is just my idea not an investment advise..
Check out my other ideas too..
NIFTY WEEKLY FOR APRIL-11-2019.Aim for low of 11276 in spot for NIFTY 11-04-2019 weekly expiry with sl at 11761.
banknifty either side direction is possible.bank nifty forms doji in the daily chart. we may see a gap down opening tomorrow. and then followed by some up momentum towards 30014 level. If it breached closing will be upward if not it will crash downside. trade with caution it is expiry day.
Book Profits In Nifty and Enter short positions on Thursday resistance shown in Nifty
Nifty cannot surpass these levels and will retrace FIB. levels.
Weekly expiry sets off tommorow, so book your profits and enter short positions as marked above
Book Profits in Bank NiftyWeekly trendline resistance shows Bank Nifty cannot surpass these levels and will retrace FIB. levels.
Weekly expiry sets off tommorow, so book your profits
Nifty 50 - TrendNifty is in bullish now, next target of 10930, 10980 (major resistance). Also it forms head and shoulders patterns, so long view says downtrend. 9300 range.
my view on kotak mahindra bank for november expiryit cant remain on the upside and should stay in a range of 1000 -1030
Bank NIFTY setupAccording to setup and OI analysis, I think a 23800 CE SELL @ 7.35
and 22800/22900 PE SELL @ 12.6/18.5 would be good enough for 6th July Weekly Expiry.
Nifty : Run to Upside then Down ?!i) The highest possible scenario being Gap up around or just above channel then coming down in range
ii) if it all it breaks the channel & participants interested in ending Nifty above 9500's we will be closing around 9560's
I'm on run now, have few tasks scheduled on priority, so please adjust with short description :)
