Nifty Bank IndexShort
Bank Nifty Trading Strategy for 9th Sep'2020
#banknifty OI up by 16.23% and price down by -0.87% show long unwinding & short buildups.
The last 45 min sink was due to long unwinding, which a matter of concern, as long are getting liquidated around
22850 -22650 zone.
Going forward, this zone will act as resistance.
#banknifty is the uptrend channel, trade the channel, lower end of the channel is around 22220.
Expected support area:- 22,440 +-50
Decision Zone 22,911 - 23,065
Trade what you see not what you feel, trading is all about making money nothing else.
The last 45 min sink was due to long unwinding, which a matter of concern, as long are getting liquidated around
22850 -22650 zone.
Going forward, this zone will act as resistance.
#banknifty is the uptrend channel, trade the channel, lower end of the channel is around 22220.
Expected support area:- 22,440 +-50
Decision Zone 22,911 - 23,065
Trade what you see not what you feel, trading is all about making money nothing else.
Related publications
Disclaimer
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.