Bank Nifty Support and resistance for 1 Aug 2022
All disclaimers applicable .Not liable for any financial losses or gains. this is posted for Study only.
Trading in bank nifty is highly volatile and risky.
Please check the texts marked in the chart. Take positions with appropriate money and risk management with Stoplosses.
1. If BNF moves gap-up at opening avoid trade .wait until it settles down .If you want to risk on either side ,then trade in low quantity.
2. If flat , then look out for breakouts or breakdowns .
3. if Gap down and then , 37000 then take CE buy position if there is a Doji pattern .With bottom of Doji as Stoploss.
4. Avoid trade if not unsure.
Trading in bank nifty is highly volatile and risky.
Please check the texts marked in the chart. Take positions with appropriate money and risk management with Stoplosses.
1. If BNF moves gap-up at opening avoid trade .wait until it settles down .If you want to risk on either side ,then trade in low quantity.
2. If flat , then look out for breakouts or breakdowns .
3. if Gap down and then , 37000 then take CE buy position if there is a Doji pattern .With bottom of Doji as Stoploss.
4. Avoid trade if not unsure.
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