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subhagghosh
Dec 10, 2020 9:24 PM

Bank Nifty Trading Strategy for 11th Dec'2020 

Nifty Bank IndexNSE

Description

#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.

Comments
ExpertsTrade
Bearish butterfly is still on?
subhagghosh
@Rajendra2102 yes until 30807 is not broken
ExpertsTrade
@subhagghosh, it is marginally broken that too unable to sutain for 15 mins. so i am still on short side
gsara111975
Sir in the chart DZ is given as 30590_30657,
But as per your strategy it is 30346 _30447,
Which one we shall go by sir,requesting your guidance please.
subhagghosh
@gsara111975 use both

Both are important pivotal points
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