Nifty Bank IndexShort
Banknifty Analysis Intraday or Swing Trading
Updated
Banknifty Is not moving as much beacuse of India Vix - below 15
were option selling is highy recomended.
there will no move in market after 2:30. might be some move.
taking small target for today and needs to be strict with stoploss.
hence there will be stoploss hunting as on Spot Price chart there are movement, but not in Banknifty Chart.
So highly Recommended option selling is best for today.
Slow Market.
Entry taken if 5 min candle close above in our Entry point direction.
were option selling is highy recomended.
there will no move in market after 2:30. might be some move.
taking small target for today and needs to be strict with stoploss.
hence there will be stoploss hunting as on Spot Price chart there are movement, but not in Banknifty Chart.
So highly Recommended option selling is best for today.
Slow Market.
Entry taken if 5 min candle close above in our Entry point direction.
Note
Going Same as per line made!Keep on eye and don't jump on any trade in between.
trade setup is really important with Plan.
Thanks
Have a profitable day
Trade active
It Can reverse or go on downward direction!please watch, and Not a day for buyers only option selling!
Note
42400 - 42415 is a Supply and demand zoneIts acting as magnet. and Making Triangle pattern,
No close of any candle towards over direction,
still waiting for Trade.
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