Bank Nifty- Important Low@19252 with 5 Green Candles for Diwali
Wish You & Your Family A Happy & Prosperous Diwali. Enjoy with lot of sweets & fire crackers.
The bouce, which was evident in BN on expiry day looking to have impulsive nature & likely bulls are interested back again.
Trading Strategy
Look for a pull back in Bank Nifty either in the zone 19470-19480 or the zone 19430-19450 with strict stops below 19400. These zone could be seen as possible resting zones for push in the target zone 19580-19600 if it halts some time over there look to buy once again in the same zone as of 19430-19450 for another push upside but likely keep a watch 19252 -is a swing low -in any case BN should not go below that so one can also initiate buy calls with stops below that swing low.
Resistance Zone 19780-19820
The bouce, which was evident in BN on expiry day looking to have impulsive nature & likely bulls are interested back again.
Trading Strategy
Look for a pull back in Bank Nifty either in the zone 19470-19480 or the zone 19430-19450 with strict stops below 19400. These zone could be seen as possible resting zones for push in the target zone 19580-19600 if it halts some time over there look to buy once again in the same zone as of 19430-19450 for another push upside but likely keep a watch 19252 -is a swing low -in any case BN should not go below that so one can also initiate buy calls with stops below that swing low.
Resistance Zone 19780-19820
Best Regards,
Abhishek H. Singh
Growth Director - TradingView India
YouTube Channel youtube.com/channel/UCYcnYveYBNLD-Qp54hvZogw
Twitter Handle
twitter.com/TalksWave
Telegram Handle
(Deleted)
Abhishek H. Singh
Growth Director - TradingView India
YouTube Channel youtube.com/channel/UCYcnYveYBNLD-Qp54hvZogw
Twitter Handle
twitter.com/TalksWave
Telegram Handle
(Deleted)
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