It breaks then we can see a panic selling visa versa if it takes support then we can see a bounce back.
Bank nifty open flat and showed berrishnes and take support at .5 fib level
As i posted earlier market is sideways so there were not many trade opportunities for everyone by the way the levels i marked (yellow line) was respected by market
If i find any setup then i will share it with you. Pls avoid any trade and if you are entering then be confirmed
Nifty is in green but bank nifty is red. If you see the candels from today’s opening than you find that bnk nifty is trapping traders today. I know scalp trade thi lekin bank nifty sabar ka test le rha h ;)
38220 is a good area to short you can place a small sl with 1:1.5 RR for a quick trade
Bank nifty will most probably will be sideways or moderate trending. Gap down situation possible (as per me).
Only fews mins untilt the market is closed so square off your positions at 3:27
Short with a SL of 110 and 1:1.5 RR this can be a quick trade so don’t wait for too long
In 5min chart its a inside bar candel sorry i was late to publish because i was busy but its still a good trade. If you like what you see then pls like so i can know how many people read this.
Trade was taken at 1:30 when i was confirmed and target was hit arourd 1:46. Message me to learn about options for free
I made a post earlier to short bank nifty and achived dot to dot target
Great time to short at the right shoulder of head and shoulders
37770 is a good area to short with fib level with the SL of 37840 and we can expect the target of 37645.
In 1min chart it is a clear support. It is a good opportunity to buy now
Big moment comming if the trend line breaks we can expect a 200 point move or more
Market take support at .5 fib level if the high of 15min candel break in a 5 min candel we will take a order with a very small sl and rr is 1:3
BN make a huge spike but the bulls handel it you can see the spike in 15min candel. If the high breaks then you can expect a good momentum in BN