Bank Nifty Trading Strategy for 20th Oct'2020
#banknifty 23,266 (SPOT)
The decision line is 23,199, below negative & above positive.
Concern:- I am a bit worried, as to how the BN behaved after the 24,200 level breakout, there was hardly any upside momentum and the ADX indicator is showing no trend strength.
Avoid aggressive long or short now on the index.
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.
The decision line is 23,199, below negative & above positive.
Concern:- I am a bit worried, as to how the BN behaved after the 24,200 level breakout, there was hardly any upside momentum and the ADX indicator is showing no trend strength.
Avoid aggressive long or short now on the index.
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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