Bank Nifty Trading Strategy for 3rd March '2020.
Bank Nifty Trading Strategy for 3rd March '2020.:- Check my plan for 2nd March, how well it has worked just like a script.
The first sign of reversal above 29625, the trend will change to positive above 30,208.
Last line of supports was:- Support:- 28,872 (gone) / 27,989 BN closed 28,868. NEXT level is 27,989 then flood gate open you might see 27,568 & 26,728.
You remember the corporate rate cute happened on 20th Sep,19 (L- 26,728 & H- 29,419), that flood gate has open and it’s a vacuum which can suck BN to 27K levels.
## Monthly Resistance:- 31,467, 31650-31750 / 31905 (23.6% retracement of 32613 & 29612).
## Weekly/ Resistance / Supply Zone :- 31,113-31,183
## Weekly/Resistance / Supply Zone :- 30946-31010
## Weekly/ Resistance / Supply Zone :- 30521-31630
## ** Monthly Resistance / Supply Zone 29,994-30,208
## ** Monthly Resistance / Supply Zone 29,587-29,612.
## PIVOT:- 28,976-29,181
## Support:- 28,872/27,989
There are two types of trades:- Range Trading and Breakout Trade.
1. Range Trade:- Buy/SELL in above or below Pivot Zone & GREEN Zones, SL is zone lower point, T 100 to 300 points/resistance zone.
2. Breakout Trade:- Once a pivot/zone is broken, keep SL as lower / upper end of the zone for next zone as the target or target 100 -300 points.
The first sign of reversal above 29625, the trend will change to positive above 30,208.
Last line of supports was:- Support:- 28,872 (gone) / 27,989 BN closed 28,868. NEXT level is 27,989 then flood gate open you might see 27,568 & 26,728.
You remember the corporate rate cute happened on 20th Sep,19 (L- 26,728 & H- 29,419), that flood gate has open and it’s a vacuum which can suck BN to 27K levels.
## Monthly Resistance:- 31,467, 31650-31750 / 31905 (23.6% retracement of 32613 & 29612).
## Weekly/ Resistance / Supply Zone :- 31,113-31,183
## Weekly/Resistance / Supply Zone :- 30946-31010
## Weekly/ Resistance / Supply Zone :- 30521-31630
## ** Monthly Resistance / Supply Zone 29,994-30,208
## ** Monthly Resistance / Supply Zone 29,587-29,612.
## PIVOT:- 28,976-29,181
## Support:- 28,872/27,989
There are two types of trades:- Range Trading and Breakout Trade.
1. Range Trade:- Buy/SELL in above or below Pivot Zone & GREEN Zones, SL is zone lower point, T 100 to 300 points/resistance zone.
2. Breakout Trade:- Once a pivot/zone is broken, keep SL as lower / upper end of the zone for next zone as the target or target 100 -300 points.
منشورات ذات صلة
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.