dharmendradhakar81

Bank nifty Monday trading plan

Long
NSE:BANKNIFTY   NIFTY BANK
Scenario 1: gap up 400+ points around 33300. If sustain above 33250. Go long. Target 33500. If reverses from high of 33300 and goes below 33100. Sell. Target 32800.
Scenario 2: gap down 400+ points around 32500. If goes below this, sell. Target 32200. If sustain at 32500 level, one can go long for the target of 32800 on level breakout. Market can reverse from 32200 as well.

I am slightly bullish on Monday. Will prefer to buy from lows. Use trenlines to identify sell or buy opportunities on 5 minutes time frame.
Scenario 3: no major gap. Sell below 32750. Go long only if sustain above 33000.

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