as market showing bearish structure and we can see one trianlge pattern is recently broken, we plan for sell on retracement and 2nd level entry is from demand zone
Welcome back for another video where I will discuss with you about the important levels of bank nifty and how we can trade it effectively in the coming week.
As you can see, this whole range of 39,500 to the levels of 37,500, a 2000 point range and it has been moving in this range for around three or four weeks now.
A lot of short sellers might be trapped...
I have made efforts in Explaining what can unfold as per current pattern unfolding
One can look to trail the Options CE they bought or Look to trail the Futures they bought
I will post one more Video Post market
Good luck
I have explained what you should do when it gap up , and explained how you can make money in Options buying when you know direction and bias of the Trend
Good luck
I have shown two patterns which are high likely to unfold in coming days , if it becomes extremely complex then Ignore Options buying because you will be
stopped out easily ,
if it becomes simple then You can take directional trade and Make some Money
Good luck
This video is for my personnel view and educational purpose only. In this video some label for Buy and sell were given but it is base on my view of the previous SUPPORT & RESISTANCE. For Buying should be made only after brake out of resistance and selling with brakedown of Support. Trading in banknifty is very high risk so trade wisely with money...
banknifty trading plan and analysis. entry and exit plan mentioned in video.respect market and timeframes.
plan your trade and trade your plan.
thanks.
Today US inflation data came above expectation which created panic in opening of US MARKET iwth 500 points gap down.
This case study will help you how data analysis in form of demand supply chart supersede too much pessimism around us.
Must watch.
