Bank Nifty Trading Strategy for 30th Dec'2020
#BankNifty Trading Strategy for 30th Dec'2020
Longs be cautious, around 31,450 - 31,650 levels.
Divergence on my oscillator and hourly RSI above 80 is very risky
Decision Zone:- 31,222 - 31,360
Smaller Range:- 30,650 - 31,700
Medium Range:- 29,700 - 32,000
Upper Targets: 31,480 / 31,600 / 31,700 / 31,800
Lower Targets: 31,100 / 30,900 / 30,650 / 29,800
Lower side GAP:- 29,941.4 - 30,007.80, will act as support.
One of the best forms of PA action is not to predict but to act on the price, chart tells you where, when & how to act on price. Wait for the decision points on the chart to act else don't trade.
E.g. One of the important DP is the weekly low, if the weekly low is broken, then only you will short else you won't.
John Maynard Keynes said, “the markets can remain irrational longer than you can remain solvent.” So be cautious and flexible as market conditions evolve.
Always trade what you see, never trade what you feel. Make this a habit, you won't be requiring any seminar, webinar, or mentor, you will be self-sufficient.
Regards,
SG
Longs be cautious, around 31,450 - 31,650 levels.
Divergence on my oscillator and hourly RSI above 80 is very risky
Decision Zone:- 31,222 - 31,360
Smaller Range:- 30,650 - 31,700
Medium Range:- 29,700 - 32,000
Upper Targets: 31,480 / 31,600 / 31,700 / 31,800
Lower Targets: 31,100 / 30,900 / 30,650 / 29,800
Lower side GAP:- 29,941.4 - 30,007.80, will act as support.
One of the best forms of PA action is not to predict but to act on the price, chart tells you where, when & how to act on price. Wait for the decision points on the chart to act else don't trade.
E.g. One of the important DP is the weekly low, if the weekly low is broken, then only you will short else you won't.
John Maynard Keynes said, “the markets can remain irrational longer than you can remain solvent.” So be cautious and flexible as market conditions evolve.
Always trade what you see, never trade what you feel. Make this a habit, you won't be requiring any seminar, webinar, or mentor, you will be self-sufficient.
Regards,
SG
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