Bank Nifty Trading Strategy for 5th Jan'2021#BankNifty Trading Strategy for 5th Jan'2021
Decision Zone:- 31,190 - 31,257
Upper Targets: 31,333, 31,480, 31,650, 31,780, 32,000, 32,300, 32,626, 31,818
Lower Targets: 31,040, 30,900, 30,770, 30,670
Positional selling below 30,542 only.
One of the best forms of PA action is not to predict but to act on the price, chart tells you where, when & how to act on price. Wait for the decision points on the chart to act else don't trade.
E.g. One of the important DP is the weekly low, if the weekly low is broken, then only you will short else you won't.
John Maynard Keynes said, “the markets can remain irrational longer than you can remain solvent.” So be cautious and flexible as market conditions evolve.
Always trade what you see, never trade what you feel. Make this a habit, you won't be requiring any seminar, webinar, or mentor, you will be self-sufficient.
Regards,
SG
Niftybank
Bank Nifty Trading Strategy for 4th Jan'2021#BankNifty Trading Strategy for 4th Jan'2021
Decision Line: 31,250
Upper Targets: 31,480, 31,650, 31,780, 32,000, 32,300, 32,626
Lower Targets: 31,040, 30,800, 30,666, 30,420, 30,220
Positional short levels are apparent; it's below 31,000 closings.
One of the best forms of PA action is not to predict but to act on the price, chart tells you where, when & how to act on price. Wait for the decision points on the chart to act else don't trade.
E.g. One of the important DP is the weekly low, if the weekly low is broken, then only you will short else you won't.
John Maynard Keynes said, “the markets can remain irrational longer than you can remain solvent.” So be cautious and flexible as market conditions evolve.
Always trade what you see, never trade what you feel. Make this a habit, you won't be requiring any seminar, webinar, or mentor, you will be self-sufficient.
Regards,
SG
Expiry Special Analysis for 31th Dec'2020.#BankNifty Trading Strategy for 31st Dec'2020 (Year-end #expiry)
31,650-31,750 is a very important level, but the upside breakout of an uptrend does not sustain and fall back to the channel, if this doesn't happen on expiry, then might be in the next couple of days.
I will be very cautious with my trades.
Decision Zone:- 31,240 -31,360
Smaller Range:- 30,650 - 31,700
Medium Range:- 29,700 - 32,000
Upper Targets: 31,401 / 31,510 / 31,648 / 31,704 / 31,824
Lower Targets: 31,100 / 31,020 / 30,850 / 30,540
Positional short levels are apparent; it's below 31,000 closings.
Supporting analysis on lower TF for better clarity:-
I wish you to look forward to the upcoming year with confidence and courage, giving wings to your dreams! Live your life to the fullest extent, Happy New Year!
Note:- I won't be posting the analysis for 1st Jan'2021, as I will be traveling but will try to updates the 1st Jan levels on this post's comments, so keep watching.
One of the best forms of PA action is not to predict but to act on the price, chart tells you where, when & how to act on price. Wait for the decision points on the chart to act else don't trade.
E.g. One of the important DP is the weekly low, if the weekly low is broken, then only you will short else you won't.
John Maynard Keynes said, “the markets can remain irrational longer than you can remain solvent.” So be cautious and flexible as market conditions evolve.
Always trade what you see, never trade what you feel. Make this a habit, you won't be requiring any seminar, webinar, or mentor, you will be self-sufficient.
Regards,
SG
Bank Nifty Trading Strategy for 30th Dec'2020#BankNifty Trading Strategy for 30th Dec'2020
Longs be cautious, around 31,450 - 31,650 levels.
Divergence on my oscillator and hourly RSI above 80 is very risky
Decision Zone:- 31,222 - 31,360
Smaller Range:- 30,650 - 31,700
Medium Range:- 29,700 - 32,000
Upper Targets: 31,480 / 31,600 / 31,700 / 31,800
Lower Targets: 31,100 / 30,900 / 30,650 / 29,800
Lower side GAP:- 29,941.4 - 30,007.80, will act as support.
One of the best forms of PA action is not to predict but to act on the price, chart tells you where, when & how to act on price. Wait for the decision points on the chart to act else don't trade.
E.g. One of the important DP is the weekly low, if the weekly low is broken, then only you will short else you won't.
John Maynard Keynes said, “the markets can remain irrational longer than you can remain solvent.” So be cautious and flexible as market conditions evolve.
Always trade what you see, never trade what you feel. Make this a habit, you won't be requiring any seminar, webinar, or mentor, you will be self-sufficient.
Regards,
SG
Bank Nifty Trading Strategy for 29th Dec'2020#BankNifty Trading Strategy for 29th Dec'2020
Decision Zone:- 30,789 - 30,930
Smaller Range:- 30,300- 31,500
Medium Range:- 29,450 - 32,000
Upper Targets: 31,030 / 31,150 / 31,480 / 31,697 & Lower Targets: 30,625 / 30,525 / 30,350 / 30,000
Lower side GAP:- 29,941.4 - 30,007.80, will act as support.
One of the best forms of PA action is not to predict but to act on the price, chart tells you where, when & how to act on price. Wait for the decision points on the chart to act else don't trade.
For E.g. One of the important DP is the weekly low, if the weekly low is broken, then only you will short else you won't.
John Maynard Keynes said, “the markets can remain irrational longer than you can remain solvent.” So be cautious and flexible as market conditions evolve.
Always trade what you see, never trade what you feel. Make this a habit, you won't be requiring any seminar, webinar, or mentor, you will be self-sufficient.
Regards,
SG
Bank Nifty Trading Strategy for 28th Dec'2020#BankNifty Trading Strategy for 28th Dec'2020
Decision Zone:- 30,354 - 30,280
Smaller Range:- 29,950 - 31,200
Medium Range:- 29,450 - 31,480
Upper Targets: 30,525 / 30,625 / 30,850 / 30,945 / 31,480 & Lower Targets: 30,100 / 29,850 / 29,574
GAP :- 30,607 - 30,652, 78.6% of the fall is 30,523, this zone 30,600 - 30,650 will be tough to cross, if crossed, go long for higher targets.
Lower side GAP:- 29,941.4 - 30,007.80, will act as support, if breached, go short for lower levels.
I see Gartley or a Butterfly harmonic formation, in any case, the decision zone will take care of the trades.
One of the best forms of PA action is not to predict but to act on the price, chart tells you where, when & how to act on price. Wait for the decision points on the chart to act else don't trade.
E.g. One of the important DP is the weekly low, if the weekly low is broken, then only you will short else you won't.
John Maynard Keynes said, “the markets can remain irrational longer than you can remain solvent.” So be cautious and flexible as market conditions evolve.
Always trade what you see, never trade what you feel. Make this a habit, you won't be requiring any seminar, webinar, or mentor, you will be self-sufficient.
Regards,
SG
Expiry Special Analysis for 24th Dec'2020.#expiry #BankNifty Trading Strategy for 24th Dec'2020
Wave 5 is completed, the First leg of correction Wave A seems to be complete and we are in Wave B of pullback.
30,345 is a significant level on the chart, the short term bearish trend changes above 30,345
Decision Zone:- 29,754 - 29,858
Smaller Range:- 29,573 - 30,045
Medium Range:- 29,236 - 30,291
Upper Targets: 29,961 / 30,042 / 30,193/ 30,291 / 30,523
Lower Targets: 29,573 / 29,441 / 29,226
Try to read the market in context to the larger picture:-
One of the best forms of PA action is not to predict but to act on the price, chart tells you where, when & how to act on price. Wait for the decision points on the chart to act else don't trade.
For E.g. One of the important DP is the weekly low, if the weekly low is broken, then only you will short else you won't.
John Maynard Keynes said, “the markets can remain irrational longer than you can remain solvent.” So be cautious and flexible as market conditions evolve.
Always trade what you see, never trade what you feel. Make this a habit, you won't be requiring any seminar, webinar, or mentor, you will be self-sufficient.