NIFTY & BANKNIFTY Weekly Plan
#26-OCT:
Weekly plan for NIFTY & BANKNIFTY
#NIFTY key reference 11930-50F & 11890F areas
#BANKNIFTY Key reference 24650F on upside , 24350F/24100F on downside
#NIFTY key areas for the week are 11950F- Hold above for a bullish move to 12050/12100F
Failure to cross 11950F , look to rotate to test 11890F, Below that is main bearish thesis to test lower
to 11740F levels
#BANKNIFTY key areas 24650F & 24370F , range bound within this range & break outside this range for a
bullish or bearish play.
Another refrence I will be mindful of is our swing support from last week 24100F, where markets bounced off from
Weekly plan for NIFTY & BANKNIFTY
#NIFTY key reference 11930-50F & 11890F areas
#BANKNIFTY Key reference 24650F on upside , 24350F/24100F on downside
#NIFTY key areas for the week are 11950F- Hold above for a bullish move to 12050/12100F
Failure to cross 11950F , look to rotate to test 11890F, Below that is main bearish thesis to test lower
to 11740F levels
#BANKNIFTY key areas 24650F & 24370F , range bound within this range & break outside this range for a
bullish or bearish play.
Another refrence I will be mindful of is our swing support from last week 24100F, where markets bounced off from
Commentaire:
23600F was the downside trade plan for #banknifty ,we exactly got there this week.
Next will be for a continue to hold below 24300F areas downside rotation possibilities remain open
#NIFTY what a gold class zone that 11740F was . Once we got below- we were confirmed for rotation lower
Next will be for a continue to hold below 24300F areas downside rotation possibilities remain open
#NIFTY what a gold class zone that 11740F was . Once we got below- we were confirmed for rotation lower
# NIFTY 11740F Done,
what a session, for the weekly thesis to play out in a day.