Nifty Bank IndexUpdated Neutral to Bullish
Sideways week likely as per CPR but BNF can move up after a brief respite.
Key levels R1, R2, R3 as per chart and levels in the video. SL as per Exit indicator. Relative Strength and RSI Cross hint at Bullishness.
Key levels R1, R2, R3 as per chart and levels in the video. SL as per Exit indicator. Relative Strength and RSI Cross hint at Bullishness.
Trade active
Overnight PE Strangle decayed well and have exited with 16 points. CE hasnt decayed shows the bullishness. Moved SL closer for the CE position and have taken a fresh PE position at higher premium.Trade active
BNF struggling to cross day high.. Exit current PE Short with 8 points. Bullishness is still in place but price action will change only mid noon.. Patience is being tested.Trade active
Mid noon, taking a PE Short.. Lets see if it breaks that resistance :)Trade active
Patience needed 15-30 mins more and I expect that Resistance to crack. SL 10 points away.. Lets seeNote
Another false breakout.. This is irritating :( Just 10 points from this move..Trade closed manually
Closed all positions after that false breakout.. I still belive 42650 is fair game for this trading week. Lets see how things go tomorrow.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.