Bankniftylong
BankNifty Day Trading Setup [20 Feb 2020]If BankNifty breaks the trendline with a strong selling volume, then you may witness 30500 levels. However, it may touch 31150 if it gives a breakout above 30930.
Moreover, I also found that there is a bearish divergence in 5 and 15-minute charts which may be valid for the first 30 minutes of trading.
Being an expiry day, Open Interest also suggests that expiry might be in the range of 30500 - 30100. So, I believe that 30500 will act as a support and 30100 will be a strong resistance level.
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Bank Nifty Intraday Trade Setup for Friday 07 FebruaryHello all,
We are accepting a correction yesterday from our harmonic prz levels. It's give around 200 points correction exact from harmonic 1.13 levels but RBI policy changed the market mood and movement . as per behavior wise Bank nifty is still bullish . Consolidate on resistance area is a dangerous sign. Today Range is 31050 to 31490 . We can see an another bull run if sustain above 31500. Bear is sleeping and can back in the action lower then 31040 so mark these levels and setup your trade on it