Swapilchoksi

Bank Nifty: Trade Plan for Long Position

Long
NSE:BANKNIFTY   Nifty Bank Index
Bank Nifty closed between its demand Zone @ 30450-30500. I am expecting one bounce from this level.
My view is similar in Bank Nifty also. I don't think I will get the follow-through in a short position.
Also, Index is very choppy so I will trade in Option writing instead of long/short Future.

find the supply and demand zones in the chart

Trade well

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.