Intraday Update 11.30 Am:
BN found support at 18100 levels and has reached the 200 DMA.
TRADE PLAN:
Book out Longs and short with EOD close above 18510 - 200 DMA. OR Trail SL to 18350 -50 DMA - Hour Close.
Pre market View:
BN found support at 18100 levels and has reached the 200 DMA.
TRADE PLAN:
Book out Longs and short with EOD close above 18510 - 200 DMA. OR Trail SL to 18350 -50 DMA - Hour Close.
Pre market View:
Two Scenarios' in play:
Bullish - c.B ended at 18034 and a new wave has started.
Bearish : iii ended at 18034 and
ongoing is iv. C.iv is pending and likely to resist at 18350 - 50 DMA and fall
to form new lows below 17900
SL for Positional Longs trailed to yesterday Low Book out at 18310 - 350 spot.
Sell at 18350 spot levels - SL EOD close above 18350 - 50 DMA.
1 comment:
Hi Sir ..its been long time kindly update ur bank nifty views ..very helpfull for novices like us ...thank you ..
Post a Comment