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vivekz_142
Jan 19, 2021 6:45 AM

VIEW Long

Nifty Bank IndexNSE

Description

Sustaining above 32145 will cause upside momentum. The best is to sell puts. Buy future also a few lots. keep the target of 150 points at least.

Trade closed: target reached

Target achieved at 32360. 200 points momentum.
Comments
siddhesh1751
Thank u sir
vivekz_142
siddhesh1751
@vivekz_142, sir do you have any whatsapp group
SumanKumar29
Bang on, need to learn a lot from you to draw those support & resistance levels. Great going sir !!
vivekz_142
@SumanKumar29, thank you . means a lot.
SumanKumar29
@vivekz_142, spare a word or two on how did you arrive at that support line ?
vivekz_142
@SumanKumar29, 2-3 things 1) Last resort where bears tried to take down the market in 15 min. If they are unsuccessful bulls will take over hitting SL and fresh buy plus if market has to fall before budget then a healthy fall won't come without retracement.
2) Trend line breakout
3) Above 60 % retracement which says the trend is changed for the day
SumanKumar29
@vivekz_142, So it could be long till it reaches 33K or 33.5K Fingers crossed !
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