Here are the levels for bank nifty to trade for tomorrow intraday. the people who are doing option buying should wait for some day or until the India VIX should should increase till then avoid trading in option buying i will suggest go with the futures trading even the option selling is also not good because the premiums are very less. trade in 15min TF for best entry and trade probability.
today we have seen that the price has fell in the 2nd half of the market. if price flat then we can take the short trade when it breaks the day low on the retest with the volumes confirmation. and if the price forms bullish pattern near the 42500 level then we can take the long trade and this level can acts as the strong support previously this level was broken but it did not retest so i am expecting price will come to this level and reverse. mark the trend based fib extension you can see how accurately price respected these levels.
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.
today we have seen that the price has fell in the 2nd half of the market. if price flat then we can take the short trade when it breaks the day low on the retest with the volumes confirmation. and if the price forms bullish pattern near the 42500 level then we can take the long trade and this level can acts as the strong support previously this level was broken but it did not retest so i am expecting price will come to this level and reverse. mark the trend based fib extension you can see how accurately price respected these levels.
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.
Trade active
Trade closed: target reached
closed the trade at the day high.
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.