Bank Nifty Trading Strategy for 10th Aug'2020
OI up by 8.56% and price up by 0.51%, shows FNO neutral setup and inside bar formation on the daily chart shows indecision.
FNO data is neutral
Recent Swing Low & High :- 21,389 - 22,933
Decision Zone 21,448- 21,557
AB=CD pattern predicts 22,294 levels, the PRZ - Potential Reversal Zone might be 22,122.5 - 22,389.
I won't be aggressively long or short, as the market is in a broader range of 21K to 23k.
Will trade with low volume as per the signals on the chart.
Trade what you see, not what you feel, trading is all about making money & nothing else.
FNO data is neutral
Recent Swing Low & High :- 21,389 - 22,933
Decision Zone 21,448- 21,557
AB=CD pattern predicts 22,294 levels, the PRZ - Potential Reversal Zone might be 22,122.5 - 22,389.
I won't be aggressively long or short, as the market is in a broader range of 21K to 23k.
Will trade with low volume as per the signals on the chart.
Trade what you see, not what you feel, trading is all about making money & nothing else.
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