Niftybank
Bank Nifty Intraday StrategyHi Everyone,
So make trading simple as we can this is not a complicated things
Here we can see in this 1 hours chart that yesterday banknifty break a important trendline and the closing is above the line ...
(So my today's view is bullish in the market)
Where to take Trade
1. If banknifty move and close above 34050 then go for CE and the target is 34400 and if market open near 33500 then 33500 is a support you can take CE position near 33500.
2. I'm bullish in the market till 34800 we are planning to buy PE near this level.
That's all for today from my side. If you like then please follow and ask your doubts in the comment section.
Nifty Bank is on extreme support - Hope it doesn't break supportCurrent low in the nifty bank is the support from the trend line prior to the covid range and all the inflated money is pulled out hopefully.
Once US announces the Feb hike on March 13, hoping it would recover from the trend line support.
Note: This is only for education purpose, please connect with your registered broker for buy/sell call.
Nifty Bank Buy Long Setup As You Can see There's a Strong Demand Zone, Waiting for price drop to that level and then we can execute a order after see some confirmation such like Bullish Engulfing etc. If price broke that Demand zone then we have to pay attention for retesting that area, then we can setup a Short Position. You can Share your thoughts on this topic.
Thanks! HAVE A GOOD TRADING FUTURE
Nifty Fibonacci Time Series19th January is the crucial juncture according to the fibonacci time series !
The next day being the expiry there is a probability banknifty and index will play a major role !
same happened in the previous month 16th december 2021 where another fibonnaci juncture where played role by making a 1500-2000 points move in banknifty !!