NIFTY & BANKNIFTY Weekly Plan - Week 17 Nov

#NIFTY
Definitely leader of the pack this week.
Key Support at 12720F, Hold abv that will continue to remain bullish.

1. Hold abv 12720F for a move to 12860 /13020
2. Break and hold below 12600 for a move to 12440/12350/12290


#BANKNIFTY
Pretty balanced week- where the bulls and bears were leveled and closing near VPOC of the week.
Will look for break and hold outside this zone (28850-28150) or rotation within this zone.
1. Break abv for a test of 29200/29900/30100
2. break below for a test to 27750/27200

-We use methods of Volumeprofile analysis for identification of key S/R levels of the markets.
This also helps us stay aligned with the institutional flow.
Further we use orderflow for execution refinement and entry exit decision making.

Commentaire:

#banknifty targets of 29500 done, now support at 29240 for the rest of the move.
#nifty 12865 done, support now at 12845 for the move