BankNifty Trade Setup for 2/02/23
Hi all
At the time of posting this:
DOW is -383 points (-1.12%)
SGX is -139 points (-0.76%)
High probability of Indian markets opening gap down. But, as in 15 min TF long wick is seen in the support zone, and market has formed double bottom.
For bearish trades wait for the support zone to be taken out. If the market opens below the support zone, then the support zone becomes resistance zone , we can get good R:R trade.
Note: This is my analysis of BankNifty. Please do your own analysis and enter the trade!!
Cheers!!!
At the time of posting this:
DOW is -383 points (-1.12%)
SGX is -139 points (-0.76%)
High probability of Indian markets opening gap down. But, as in 15 min TF long wick is seen in the support zone, and market has formed double bottom.
For bearish trades wait for the support zone to be taken out. If the market opens below the support zone, then the support zone becomes resistance zone , we can get good R:R trade.
Note: This is my analysis of BankNifty. Please do your own analysis and enter the trade!!
Cheers!!!
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