Nifty Bank IndexMis à jour Bank Nifty - June 5
We had a volatile day as the votes were getting counted. Leading, lagging parties seats were remaining stable from the morning, but our market movement was highly volatile. Expecting some volatile movement till the government formation.
Now, let us continue with the analysis. Also please note, option premium was high and tomorrow there will be more decay.
Pattern : Triangle.
Range : High.
Trend strength : Volatile.
Buy Above : 47040.
Stop Loss : 46920.
Targets : 47160, 47280, 47460, 47680 and 47840.
Sell below : 46760.
Stop Loss : 46880.
Targets : 46640 ,46500, 46340, 46200 and 46020.
Check the live market updates.
Hit the like button to Rock !! Show some energy !!
Note : This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
You are responsible for whatever you do.
Now, let us continue with the analysis. Also please note, option premium was high and tomorrow there will be more decay.
Pattern : Triangle.
Range : High.
Trend strength : Volatile.
Buy Above : 47040.
Stop Loss : 46920.
Targets : 47160, 47280, 47460, 47680 and 47840.
Sell below : 46760.
Stop Loss : 46880.
Targets : 46640 ,46500, 46340, 46200 and 46020.
Check the live market updates.
Hit the like button to Rock !! Show some energy !!
Note : This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
You are responsible for whatever you do.
Note
Less trend strength. Note
Took 46500 support. Transaction en cours
Long.Trade fermée: cible de profit atteinte
All targets done. 
Role I play here : Moderator. Follow me in telegram to trade better. t.me/Analysis4Newbie
Role I play here : Moderator. Follow me in telegram to trade better. t.me/Analysis4Newbie
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.