Bank Nifty Trading Strategy for 29th Apr'2020.
#BankNifty is trending in a low angular descending triangle, as current uptrend is not supported by volume, will try to open short at the higher range:-
Use trend line to short (20850-20950), SL 20100, T 20,550,20350, below targets will be posted during market hours.
If the short fails, we plan to enter long at 20100, SL 20850, T 21,500/21,800/21,300.
Will post live updates during market hours to see market behaves.
Use trend line to short (20850-20950), SL 20100, T 20,550,20350, below targets will be posted during market hours.
If the short fails, we plan to enter long at 20100, SL 20850, T 21,500/21,800/21,300.
Will post live updates during market hours to see market behaves.
Comment:
Correction SL:- Use trend line to short (20850-20950), SL 21,100, T 20,550,20350, below targets will be posted during market hours.
Comment:
Trade closed: stop reached:
SHORT SL triggered at 21,100.
