Nifty Bank IndexLong
BANK NIFTY 29/05/23
Here are the levels for bank nifty to trade for tomorrow intraday. on weekly TF price is bullish and the buyers are still supporting lower levels and pushing the price above. on daily TF price formed a morning start candle pattern and the price is consolidating for 2 weeks here in the same range. here at the all time high which is resistance the price is not getting rejection and the price is accepted at this level. don't take short trades wait it can be trap for sellers to move the price up. here we can take scalping short trades for pull back it will be more risky.
As the price in 15min TF RSI is At over bought region if the price opens flat or gap up it better to wait for the pull back so that we can take the entry at the lower levels. if the price open gap down and forms any bullish candle near the support or fib levels then we can take the bullish trade with the volumes confirmation.
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.
As the price in 15min TF RSI is At over bought region if the price opens flat or gap up it better to wait for the pull back so that we can take the entry at the lower levels. if the price open gap down and forms any bullish candle near the support or fib levels then we can take the bullish trade with the volumes confirmation.
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.