Very Strong Demand Zone @ 23000-23200 Demand Zone @ 23800-2400 Supply Zone @ 24900-25150 Supply Zone @ 25800-2600 If bank Nifty will manage to sustain above 24000 then I may sell 24000 put. In any case If Bank Nifty will trade above 25150 then I may tong a long position in Fut for the trade of next supply zone @ 25800-26000. I will think for the call writing or...
bank nifty levels...31/08/2020 (1hr Candle)
bank nifty levels...28/08/2020 (1hr Candle)
Strong Demand Zone @ 23150-23250. Minor Resistance @ 23450 Strong Supply Zone @ 23800-2400. I will short the 23000 put for the next exp if it will manage to hold above 23150-23250. Once it will trade above 23450 then I will go long in Fut for the target of next supply zone @ 23800-24000.
This is basic scalp idea with levels. Although BN is strong, In case if it breaks down; We should catch. So there goes my plan. It won't trigger unless it breaks.
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If it able to cross this trend which is showing today ...it should go towards 50% or 61.8 % of total retracement. Thank You, Yogesh Technical Analyst.