Nifty Bank Index

Short

BANK NIFTY ANALYSIS- INTRADAY

Updated

If the price breaks above the marked zone and couldn't sustain, one can go for short.
Only if the price couldn't sustain above the zone.

If there is too much bullish movement, one can ignore this analysis.

Note

IGNORE FOR NOW

Note

LET THE MARKET REMOVE SELLERS AND INVITE FRESH BUYERS

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INVITING SELLERS, DON'T GO FOR SHORT

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DON'T ACCEPT THE SELLERS INVITATION @ THE TOP.
AS THERE IS NO CLEAR RESISTANCE TO CONSIDER.

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LET ALL THE SELLERS BECOME BUYERS, THEN AT LEAST WE CAN CONSIDER SCALPING ENTRY.

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VERY CHOPPY AS NEITHER BUYERS NOR SELLERS ARE STRONG.
DON'T GET STUCK BY SEEING BIG CANDLES.

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SUMMARY:
NO TRADES IN BANKNIFTY
THIS SAME ANALYSIS WORKED WELL IN NIFTY.

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