Here are the levels for bank nifty to trade for tomorrow intraday. hope made a good profits if u had took the trade but i missed entry. we can see exactly from the support we have drawn market has reversed. now we need to understand that buyers are strongly present like sellers. sellers are trying to push the market the down but buyers are also trying to push up. so we plan for tomorrow trades. tomorrow is an expiry so trade cautiously may be tomorrow can be a side ways market as well.
don't take any long position until the market breaks the sellers zone there we can see strong sellers are present. until the price breaks that we can't take a long position. if the price open gap up above that zone then we can enter on the strong close of the 5min candle. buyers are strong in the lower levels so if u find any strong bullish pattern formed near the support with the volumes we can take the long positions with less quantity. and we similarly we can take the short position if price strongly formed any bearish pattern near the seller zone. take the profits quick or trail your SL when u reached your target. the reason i am telling to trade with less quanity is market is in range and it is unable to decide the trend.
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.
don't take any long position until the market breaks the sellers zone there we can see strong sellers are present. until the price breaks that we can't take a long position. if the price open gap up above that zone then we can enter on the strong close of the 5min candle. buyers are strong in the lower levels so if u find any strong bullish pattern formed near the support with the volumes we can take the long positions with less quantity. and we similarly we can take the short position if price strongly formed any bearish pattern near the seller zone. take the profits quick or trail your SL when u reached your target. the reason i am telling to trade with less quanity is market is in range and it is unable to decide the trend.
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.