BANK NIFTY 11JAN LEVELS
Jan10 BankNifty Trade (PARTIAL GAP UP)
*Bank Nifty Bullish prediction played out in today’s trade JUST as predicted bases the 38000 level break on 7jan trading day and Bullish trendline support lifting Bank Nifty
*Jan10 todays levels played just as plotted on the Bank Nifty charts shared on Friday,Jan7. The BN opened exactly above 37939 resistance line on my 7jan chart and the action is Buy if price opens bullish above this level.
* Please see my chart on 7jan and you will see exactly at 38232 spot chart the first resistance and it came down took support at 37939 and went up halted 38400 just below 38430 marked on my chart(scroll up my 7th Jan chart shared for educational)
Note – incorporate this trade rule , when previous pivot is broken go for Long. In todays session BN broke first pivot of 7jan of 38100 and 10Jan todays 1st Pivot high 38232 so the obvious action was to go long and you would have got 200 points up. Second, once resistance is broken it becomes next support…so strategy for 11Jan
Jan 11 BankNifty strategy
1. BankNifty daily chart closed and gave a bullish marubozu candle. Once 38450 is broken, BankNifty is very likely to claim a higher highs of 38550 and 38700 levels in coming days and perhaps even tomorrow
2. Strategy 1 – Gap up
Wait to buy at first dip. Now when and where is the dip is question right? Please see the chart in live market. 38200-38250 very good support recommended (If it opens high and comes down)/ 38027 levels is a good zone to buy if opens by coming down). But if 38400 is broken with a bullish candle one can look to enter the trade 38400 CE
3. Strategy 2- 38400 Today’s high is resistance and price comes down
If price opens with a red candle wait for two 15 minutes candle to see the price action on chart on the marked levels and if price further comes down as retracement then it will close todays partial gapo up and touch todays CPR and bounce back
My own trade will be to stay long in this market at the right buy zone at a previous pivot level.
*Bank Nifty Bullish prediction played out in today’s trade JUST as predicted bases the 38000 level break on 7jan trading day and Bullish trendline support lifting Bank Nifty
*Jan10 todays levels played just as plotted on the Bank Nifty charts shared on Friday,Jan7. The BN opened exactly above 37939 resistance line on my 7jan chart and the action is Buy if price opens bullish above this level.
* Please see my chart on 7jan and you will see exactly at 38232 spot chart the first resistance and it came down took support at 37939 and went up halted 38400 just below 38430 marked on my chart(scroll up my 7th Jan chart shared for educational)
Note – incorporate this trade rule , when previous pivot is broken go for Long. In todays session BN broke first pivot of 7jan of 38100 and 10Jan todays 1st Pivot high 38232 so the obvious action was to go long and you would have got 200 points up. Second, once resistance is broken it becomes next support…so strategy for 11Jan
Jan 11 BankNifty strategy
1. BankNifty daily chart closed and gave a bullish marubozu candle. Once 38450 is broken, BankNifty is very likely to claim a higher highs of 38550 and 38700 levels in coming days and perhaps even tomorrow
2. Strategy 1 – Gap up
Wait to buy at first dip. Now when and where is the dip is question right? Please see the chart in live market. 38200-38250 very good support recommended (If it opens high and comes down)/ 38027 levels is a good zone to buy if opens by coming down). But if 38400 is broken with a bullish candle one can look to enter the trade 38400 CE
3. Strategy 2- 38400 Today’s high is resistance and price comes down
If price opens with a red candle wait for two 15 minutes candle to see the price action on chart on the marked levels and if price further comes down as retracement then it will close todays partial gapo up and touch todays CPR and bounce back
My own trade will be to stay long in this market at the right buy zone at a previous pivot level.
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