BANKNIFTY INDEX PRICE ACTION EXPECTATED FOR THE DAY

1 ott 2020

INDEX SUMMARY

-SECOND DAY IN A ROW BANKNIFTY WENT BELOW 21450 AMD BOUNCE BACK FROM LOWER LEVELS
-BANKNIFTY IS TRYING TO FORM A BASE
-TODAY IS WEEKLY EXPIRY SO I WOULD AVOID TAKING FRESH TRADES IN THE INDEX
-BUT WE DO HAVE DASH TRADE FOR TODAY AS WELL
-COMING BACK TO THE LEVELS 21800 IS ACTING AS RESISTANCE
-SUPPORT IS PLACED AT 21450
-WE HAVE A SUPPLY ZONE FROM 21950-22120
-BUT STILL BANKNIFTY HAS A SCALP TRADE ABOVE 21800
-AVOID FANCY TRADES TODAY
-ONLY INTERESTED IN BUYING

SCALP TRADE WITH DASH LEVELS

BULL SCENARIO

-IF INDEX TRADES ABOVE 21825

BANKNIFTY FUTURES TRADE
BUY@21850
STOP@21675
TARGET@22040
QTY=200

-IF BANKNIFTY CROSSES ABOVE 22120

BANKNFITY FUTURES TRADE
BUY@22130
STOP@22030
TARET@22250
QTY=200

-IF BANKNIFTY STARTS TO TRADE ABOVE 22280

BANKNIFTY FUTURES TRADE
BUY@22300
STOP@22100
TARGET@22500-550
QTY=200


BANKNIFTY RESISTANCE FOR THE DAY
21800-21950-22120 ( FUT )
BANKNIFTY SUPPORT FOR THE DAY
21450-21290-21120 ( FUT )

SCREENSHOT


!!PLEASE NOTE THE ABOVE INFORMATION IS FOR KNOWLEDGE ONLY!!
!!TRADE ACCORDING TO YOUR RISK PROFILE!!
!!HAPPY TRADING!!
!!PLEASE LEAVE LIKE!!
!!FEEL FREE TO CLEAR DOUBT IN THE COMMENT SECTION!!

1 ott 2020

Trade chiuso: obiettivo raggiunto

banknifty scalp trade with dash trades
21850-to-22040=190 points
190*200
=38k profits

1 ott 2020

Trade chiuso: obiettivo raggiunto

-IF BANKNIFTY CROSSES ABOVE 22120

BANKNFITY FUTURES TRADE
BUY@22130
STOP@22030
TARET@22250
QTY=200