BANK NIFTY 09/06/23
Here are the levels for bank nifty to trade for tomorrow intraday. as i told yesterday if the price closed below the 44250 it will be bearish. and formed a nice bearish engulfing candle on the daily TF. the price also broke the trendline and closed below it. mark the fib retracement so based on these we can take the trades tomorrow. tomorrow price can take the small pull back and then will fall because RSI is in over sold region in 5,15,30 min TF so we can see pull back.
so will plan for tomorrow trades.
if the gets the pull back to the trendline and resistance then we can take the short entry only on the formation of the strong bearish pattern with the volumes confirmation.'
if the price opens flat or the gap up and then closes above the resistance level then we can take the long entry with the volumes confirmation wait for the 15min candle to close.
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.
so will plan for tomorrow trades.
if the gets the pull back to the trendline and resistance then we can take the short entry only on the formation of the strong bearish pattern with the volumes confirmation.'
if the price opens flat or the gap up and then closes above the resistance level then we can take the long entry with the volumes confirmation wait for the 15min candle to close.
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.
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