Bank Nifty Trading Strategy for 18th Aug'2020
#banknifty OI down by -0.50 % and price up by -0.10 % shows neutral position, bears are not able to push it hard and bulls are resting.
14th Aug:- 12:15 PM to 2:30 PM huge short's were build up in the system from the levels 22,245 -21,459
The short covering will only happen if 21,853-21,946 levels are crossed and the trend will reverse above 22,080.
No fresh shorting, until we breach 21,370 and will reverse all the long if 20,926 is broken, which will be a medium-term reversal in the market.
Immediate target on upside T1 21,865-21,905 & T2 22,122 - 22,211.
Note: If bears are not able to break 21,400 in the next 2 days, you will have the short-covering fun preferably by wed 2nd half.
Decision Zone [ 21,538- 21,674] is marked in yellow, below negative & above positive.
Trade what you see not what you feel, follow it and you will feel the x-factor.
14th Aug:- 12:15 PM to 2:30 PM huge short's were build up in the system from the levels 22,245 -21,459
The short covering will only happen if 21,853-21,946 levels are crossed and the trend will reverse above 22,080.
No fresh shorting, until we breach 21,370 and will reverse all the long if 20,926 is broken, which will be a medium-term reversal in the market.
Immediate target on upside T1 21,865-21,905 & T2 22,122 - 22,211.
Note: If bears are not able to break 21,400 in the next 2 days, you will have the short-covering fun preferably by wed 2nd half.
Decision Zone [ 21,538- 21,674] is marked in yellow, below negative & above positive.
Trade what you see not what you feel, follow it and you will feel the x-factor.
Trade fermée: cible de profit atteinte
Immediate target on upside T1 21,865-21,905 & T2 22,122 - 22,211 Done
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Publications connexes
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.