Bank Nifty Symmetrical Triangles in Monthly TF.
May's Range: 36,400 - 38,600
Bullish: >38,600
Bearish: < 36,400
Short Strangles recommended for May Expiry given the low VIX.
Good Luck!
Nifty has taken support around 17 080 right here at S1 okay and it's going kind of sideways so let's quickly have define our support and resistance levels using GANN angles I'm taking the first
Target for resistance at the price just above the high above the present price which was previously support around 17440 which is we call that r1 our first support is just...
Reasons-
1) PSU (lol)
2) Weekly trend is down.
3) Rejection from historic resistance.
4) Noob traders buy cheap stocks not knowing it's a falling knife.
5) Small stop with bigger profit targets.
Kindly trade at your own risk.
Good Luck ^_^
