Here are the levels for bank nifty to trade for tomorrow intraday. price taking resistance from the all time high and we can see price moving side ways. compared to nifty bank nifty to strong. if the price breaks the all time high then it will drag the nifty as well. here the trend will decide tomorrow. if there red candle we can expect some retracement down side but if there inside candle or in the range then market will take pause and then it will break the all time high. so we will plan for tomorrow trades. don't trade in the trading zone because it may be volatile in the range. mark the 200 EMA on 15min TF. it is near the support.
if the price opens gap up and close below the day low then on the retest we can take entry on short side and if the price breaks the support of 43600 and trendline then we may see further fall from there and enter only with volumes confirmation with strict SL and target.
for buying trades if the price take support and forms any strong bullish reversal pattern then we can take the long entry but with less quantity it may be fake move as well it will trap the buyers and may go down so it is a risky trade. if the price breaks the all time high then we can take entry on the pull back. take bullish trades on 15min TF.
TIP: always buy the at low and sell at high.
Here I mention only the high probability trades only. as intraday trader you can have multiple entries and exits according to your setups.
DISCLAIMER: This is my own analysis and you do your own analysis before you take any trade and I am not SEBI registered and contact your financial adviser before taking any trades .I am not responsible for your profit or loss. This is only for educational purpose and learning.
comment below if you have any doubts.
if the price opens gap up and close below the day low then on the retest we can take entry on short side and if the price breaks the support of 43600 and trendline then we may see further fall from there and enter only with volumes confirmation with strict SL and target.
for buying trades if the price take support and forms any strong bullish reversal pattern then we can take the long entry but with less quantity it may be fake move as well it will trap the buyers and may go down so it is a risky trade. if the price breaks the all time high then we can take entry on the pull back. take bullish trades on 15min TF.
TIP: always buy the at low and sell at high.
Here I mention only the high probability trades only. as intraday trader you can have multiple entries and exits according to your setups.
DISCLAIMER: This is my own analysis and you do your own analysis before you take any trade and I am not SEBI registered and contact your financial adviser before taking any trades .I am not responsible for your profit or loss. This is only for educational purpose and learning.
comment below if you have any doubts.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.