BANKNIFTY INTRADAY Play for 20 Dec,19

١٩ ديسمبر ٢٠١٩

Like always, copy the levels and trade on 3 mins time frame.
If you haven't traded with the Zones yet, What are you waiting for??

Check Historical idea on 3 mins time frame.

Dont be a Bull. Dont be a Bear. Be a Hare.

٢٠ ديسمبر ٢٠١٩

ملاحظة

12:37, I expect a nice move pretty soon. Looking at nifty, it doesnt look towards long side and also banknifty is in extreme UZone.

٢٠ ديسمبر ٢٠١٩

تم فتح الصفقة

can be shorted at levels in the zone (as high as possible) sl 32429.

٢٠ ديسمبر ٢٠١٩

ملاحظة

My trade was done in the morning. 32600 weekly call. There was good momentum in nifty and zone rejection on banknifty. All in all, nice trade.

prnt.sc/qderiy

٢٠ ديسمبر ٢٠١٩

ملاحظة

there is an intraday trendline on the bottom side of nifty, if that break then bknifty should atleast show 32327 levels

٢٠ ديسمبر ٢٠١٩

ملاحظة

Even under worst scenario, trade must be in considerable 1:1 profits now. Observing today's momentum, Now, if Nifty takes the lead and passes below Uzone, then expect big profit. but bknifty takes the lead (of which chances are high) trail sl strictly candle to candle and look to book maximum profit

٢٠ ديسمبر ٢٠١٩

ملاحظة

Not for Newbie's:
Anyone's who has taken this trade, go on higher time frames, do some analysis. See if this validates as a positional trade. We are at the top, also its friday (perfect time to book profit for others who bought low), there's rsi divergence on nifty (if we get red closing today). And most importantly, if it validates, you get a positional trade capable of rewarding 300-400 points who's sl was not more than 30 points. How cool is that!

٢٠ ديسمبر ٢٠١٩

ملاحظة

For the Newbie's trades: Once you see 1:1 on banknifty, forget nifty, trail candle to candle and look to squeeze the most out of your trades.

٢٠ ديسمبر ٢٠١٩

أغلقت الصفقة: تم الوصول للهدف

Book at market. Spot's low of 32326.80. May fall more, may not fall more...I dont care. This level was the reach of zone analysis, considering today's momentum.

٢٠ ديسمبر ٢٠١٩

ملاحظة

The positional traders, do your own analysis. More than 1:2 is already on the table, now if you can make it to 1:6 or more, or book now, thats your call.