BANK-NIFTY
Bank nifty trading plan for Friday.There is strong trendline resistance up front and that too will collapse with opening. BNF can continue to make LH-LL.
Trade plan on gap up: possibility of small pullback before continuing journey towards 36000. Go long after the retest of trendline.
Gap down: this will be a continuation of LH-LL pattern and can be a big fall.
Neutral opening: go long above trendline or go short below 35100.
Trading Idea for Bank Nifty spot for week 30March to 1 April2021Simple Trend line analysis on Bank Nifty spot prices.
Same can be drawn on April FUT as well and levels can be decided for trading FUT.
If 1 hr time Frame broken with Good volumes, could be good opportunity for long.
Also note near trendline Doji is present could be sign of reversal from trend line so wait for confirmation on either side
Nifty Positional ViewNifty formed three black crows means starting of reversal. Breaking the rising channel and staying below 14200 leads to 13800 levels. And staying below 13800 may leads to 13200 levels.. this is all positional view..
Note :- POST IS JUST FOR LEARNING PURPOSE ONLY BEFORE TAKING ANY TRADE DO YOUR OWN RESEARCH OR CONSULT YOUR FINANCIAL ADVISOR.
HAPPY TRADING 🙏🏻