Here are the levels for bank nifty to trade for tomorrow intraday. on the daily TF price formed a nice green candle which shows the buyers strength. today also price has been consolidating. mark the fib levels for targets for downside. tomorrow is an expiry so trade cautiously and last 2 days we have seen the price is sideways so tomorrow might be a trending so take a position according to the trend. and don't enter the trade as soon as it opens wait for the price action and take entry either on the break down and breakout on the either side. tomorrow we can take the short trade as well. if the price breaks the trendline and retest on the 1 min TF then we can take a scalping trade and if the price opens gap down and breaks the day low then we can take the short trade on the pull back with the volumes confirmation with the target as 43000 will be 1st target and 42800 will be the 2nd target. and if the price breaks the day high then we can take the long trade and target as PDH 02/05/2023 high as target1 and target as the red line.
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.
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.