Bank Nifty Trading Strategy for 11th Dec'2020

#BankNifty Trading Strategy for 11th Dec'2020

After quite a long time, we have seen gap down opening and lower high & lower low, in terms of price action you know it's shows a sign of fatigue ( not weakness).

Today demonstrating the Fibonacci fan ratio to find support & target:-

As per the analysis posted on 6th Dec

We are in the 5th leg of the up move and as long as the swing low of 29,950 is there, bulls need not be worried off.

Decision Zone:- 30,346 - 30,447

Upside targets:- 30,586 / 30,688 / 30,752 / 30,857

Downside targets:- 30,280 / 30,160 / 30,050 / 29,050 / 29,750

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.


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