22nd January Bank Nifty levels (Corrected)
Updated
Buy above and Sell Below levels are given.
Simple Low Risk approach:
If Bank Nifty Opens, sustains (takes support from 20 ma) and goes up in the Green Zone, buy.
If Bank Nifty Opens, sustains (takes support from 20 ma) and goes down in the Red Zone, sell.
If Bank Nifty opens in the white zone, wait for the trend to reveal itself.
Ignore everything else.
This works best if the gap up isn't too much but could work regardless.
Do not initiate any trades before 9:45 AM.
I generally wait till 10:15 AM before even thinking about taking a trade.
Riskier approach (Ignore if you like playing safe)
If price opens in the Green Zone and crosses over to White, sell.
If price opens in the Red Zone and crosses over to White, buy.
All analysis is for educational purposes. Please consult your financial advisor before initiating a trade.
Entry points:
Support or rejection from 20 ma at 5 min TF.
I want to publish these ideas on the 5 min TF, but somehow Trading view isn't allowing it so....
Simple Low Risk approach:
If Bank Nifty Opens, sustains (takes support from 20 ma) and goes up in the Green Zone, buy.
If Bank Nifty Opens, sustains (takes support from 20 ma) and goes down in the Red Zone, sell.
If Bank Nifty opens in the white zone, wait for the trend to reveal itself.
Ignore everything else.
This works best if the gap up isn't too much but could work regardless.
Do not initiate any trades before 9:45 AM.
I generally wait till 10:15 AM before even thinking about taking a trade.
Riskier approach (Ignore if you like playing safe)
If price opens in the Green Zone and crosses over to White, sell.
If price opens in the Red Zone and crosses over to White, buy.
All analysis is for educational purposes. Please consult your financial advisor before initiating a trade.
Entry points:
Support or rejection from 20 ma at 5 min TF.
I want to publish these ideas on the 5 min TF, but somehow Trading view isn't allowing it so....
Note
Made a big mistake in the previous Bank Nifty Idea for 22nd Jan. Please ignore.
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