Bank Nifty Trading Strategy for 12th Oct'2020
#banknifty Last 70 trading hours have moved 3499 points.
FII:- Sell 39.39 Cr& DII 126.61 Cr buy today on 9th Oct'2020.
The India VIX (volatility index) Up by 11% this week.
Technically, all indicators, PA across all time frame is in plus, which is a sign of caution.
The last 2 days I have been posting short, didn't work never did the short got triggered as all the shorts were below 23065 levels.
The last point where the rally can be stopped is at 24,051 - 24,199, it crosses it, then 25K is on the card might be on Monday itself.
Being a trader, I will always look for an opportunity for a better return than being right on my chart.
For me, RRR is in favor of short as compared to long, but will short below the decision zone and will cut off my position above the decision zone, very bare min risk to trade with.
I will post my chart URL which I use for intraday trading in the comment section, you are open to the URL and see my chain in realtime and can see how I use price action to trade, this will be a great learning opportunity for all of you.
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.
FII:- Sell 39.39 Cr& DII 126.61 Cr buy today on 9th Oct'2020.
The India VIX (volatility index) Up by 11% this week.
Technically, all indicators, PA across all time frame is in plus, which is a sign of caution.
The last 2 days I have been posting short, didn't work never did the short got triggered as all the shorts were below 23065 levels.
The last point where the rally can be stopped is at 24,051 - 24,199, it crosses it, then 25K is on the card might be on Monday itself.
Being a trader, I will always look for an opportunity for a better return than being right on my chart.
For me, RRR is in favor of short as compared to long, but will short below the decision zone and will cut off my position above the decision zone, very bare min risk to trade with.
I will post my chart URL which I use for intraday trading in the comment section, you are open to the URL and see my chain in realtime and can see how I use price action to trade, this will be a great learning opportunity for all of you.
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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