Bank Nifty Trading Strategy for 8th Sep'2020
#banknifty OI up by 5.29% and price down by -0.2% show neutral setup.
The last 30 min rally was due to short covering, where 6,968 #banknifty future positions were closed.
So we should not read too much into the last 30 min rally to be trend or game-changer, the trend is still weak.
#banknifty is the uptrend channel, trade the channel.
Decision Zone 23,211 - 23,112
Trade what you see not what you feel, trading is all about making money nothing else.
The last 30 min rally was due to short covering, where 6,968 #banknifty future positions were closed.
So we should not read too much into the last 30 min rally to be trend or game-changer, the trend is still weak.
#banknifty is the uptrend channel, trade the channel.
Decision Zone 23,211 - 23,112
Trade what you see not what you feel, trading is all about making money nothing else.
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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.
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.