About meDisclaimer : I am not a SEBI Registered advisor.This views is for Education Purpose only
Before investment Consult your Fin Advisor. I will not be responsible for any kind of profit or loss for your investment on my ideas.
watch the levels as today in 1h time frame i will go with inside bar strategy for breakout or break down .
for educational purpose only
My Stop loss will be 30% as today is expiry day can be more volatile
As we all know trend is your friend, just be with trend .
Bank Nifty today trading on important level of Fib 0.618 if broke may take support at 0.50, can see a reversal .
Price Respecting long support line .if broke can consider down fall of MR. MArket
i sense bank nifty in down trend
OI data formation is negative- not positive
ON daily charts seems to be a short term fall for retracement current level is very important on daily
chart as its Fib level
Buy Above 4832
with Higher High or closing basis
short below 4793
with Lower low or closing basis
Stop loss & Target according to your risk management
You may follow the smart money flow indicator for signals , after buy/sell signal wait for the formation of swing high /low with fractal
symbol above or below the candles for confirmation
Buy above : 2213
Stop Loss Nearest Swing Low
taking support at moving average , seems to be a retest
The buy level is derived from WD Gann
Note : for educational purpose only, before investing consult your FA
Buy above 4726
with Higher High or close above level with High Vol. and green Candle only
Short below 4697
with Lower Low or close below level with High Vol & red candle only
Note : this is for educational purpose only. These levels are derived from WD Gann