vivekz_142

Trade Set up

vivekz_142 Updated   
NSE:BANKNIFTY   Nifty Bank Index
31335.20 if banknifty 15 min closes above this go for buying future for at least 150 points. A similar level for nifty is 13997, there go for 50-60 points. if this happens in 2nd half go for a call buy. Today safe players can short put below 31100 and call above 31500. keep eye on trendlines. Aggressive can make the rage narrower.
Comment:
still, no decisive entry is given on futures. However, Option selling is working well.
Comment:
now this view of buying is invalid
Comment:
Look how upside trendline resistance worked perfectly. It gave breakout but in the retest, where we look for buy entry it failed hence market fell when a breakout fails intraday short becomes active. That exactly happened here. The senior traders would have entered short here and made money.
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