Bank Nifty Trading Strategy for 6th Sep'2020
#banknifty OI down by -11.44% and price up by +0.56 %, which indicates short-covering.
FII bought 236.71 Cr & DII sold 471.56 Cr, DII is selling for the last two days and FII buying intensity has reduced, which indicates capped upside.
FII & PRO:- Index Long
DII & Retail:- Index Short
Overall neutral.
Decision Zone 22,359- 22,506 below is bearish, and above is bullish.
Long SL is 21,811.
Medium Trend Reversal Level:- 23,388
I posted on Friday:-"The price is expected to reverse from PRZ 22,545 - 22,659 (Don't short blindly, until you see price action reversal signal)"
Price reversed and made a low of 22,247.
We seem to be on wave 5, which might have an upside target of 22,890 - 23,090.
Positional Sell is only below 22,811.
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 bought 236.71 Cr & DII sold 471.56 Cr, DII is selling for the last two days and FII buying intensity has reduced, which indicates capped upside.
FII & PRO:- Index Long
DII & Retail:- Index Short
Overall neutral.
Decision Zone 22,359- 22,506 below is bearish, and above is bullish.
Long SL is 21,811.
Medium Trend Reversal Level:- 23,388
I posted on Friday:-"The price is expected to reverse from PRZ 22,545 - 22,659 (Don't short blindly, until you see price action reversal signal)"
Price reversed and made a low of 22,247.
We seem to be on wave 5, which might have an upside target of 22,890 - 23,090.
Positional Sell is only below 22,811.
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.
עסקה סגורה: היעד הושג
22,890 reached.
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פרסומים קשורים
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.