Bank Nifty Trading Strategy for 9th Oct'2020
Distribution Happens in 23,250 - 23,450 Zone and trader Careful Below 23,065.
Last 2 weeks, 3046 point movement from 20,404 to 23,450, too fast movement without consolidation.
I have got a sell signal on my trend indicator on 4-hour TF.
Decision Zone is 23,394 - 23,451, below this zone will short and above will buy.
Targets on lower size:- 23,063 / 22,607 / 22,247 and upside target is 24,051.
The extreme downsize target is 21,928.
I went back to the drawing board to figure out what went wrong with today's analysis and after that, I removed a major distraction from my analysis comparing PA with FNO data (FNO data limits your though process) and build a fresh chart altogether.
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.
Last 2 weeks, 3046 point movement from 20,404 to 23,450, too fast movement without consolidation.
I have got a sell signal on my trend indicator on 4-hour TF.
Decision Zone is 23,394 - 23,451, below this zone will short and above will buy.
Targets on lower size:- 23,063 / 22,607 / 22,247 and upside target is 24,051.
The extreme downsize target is 21,928.
I went back to the drawing board to figure out what went wrong with today's analysis and after that, I removed a major distraction from my analysis comparing PA with FNO data (FNO data limits your though process) and build a fresh chart altogether.
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.
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