Bank Nifty - Aug 18th

١٨ أغسطس ٢٠٢٣

Bank Nifty is trading at crucial levels and exactly near the breakout levels

For the last 3 days it is indecisive and making doji candles

Here is some help how to trade bank nifty without any bias

Bank Nifty paused at breakout zone
Possible Scenarios:
1. Buy again from support levels
What to look for ?

• 43750 level to be supported
  
• break the trend line connecting 2 Doji candles
  

2. Break down the support levels
What to look for ?

• Trade below 43800
  
• break 43700 and 43500 will lead to big down size

How to trade ?
Let Friday decide what to do and take the trade at EOD accordingly positional basis