Here are the levels for bank nifty to trade for tomorrow intraday. as we discussed yesterday today price will fill gap the gap hope you all take the trades and made profits. tomorrow trades will be simple and we can have the trades on the both the sides of the trend. we can either take the long trade in price trend continuation or the short trade if the price breaks the day low. mark the 2 fib retracements based on these tomorrow we will take the trades.
If the price opens gap up and breaks the 0.618 level which is the fib retracement drawn from the swing high to the day low and that 0.618 level is important if that level is broken then we can take the long trade on the volumes confirmation. if the price opens gap down and breaks the 0.382 level and also the structural level which will acts as support if that level is broken then we can take the short trade with the volumes confirmation and take target as the day low, and if the day low is broken we can see further fall.
TIP: always buy the at low and sell at high.
Here I mention only the high probability trades only. as intraday trader you can have multiple entries and exits according to your setups.
DISCLAIMER: This is my own analysis and you do your own analysis before you take any trade and I am not SEBI registered and contact your financial adviser before taking any trades .I am not responsible for your profit or loss. This is only for educational purpose and learning.
comment below if you have any doubts.
If the price opens gap up and breaks the 0.618 level which is the fib retracement drawn from the swing high to the day low and that 0.618 level is important if that level is broken then we can take the long trade on the volumes confirmation. if the price opens gap down and breaks the 0.382 level and also the structural level which will acts as support if that level is broken then we can take the short trade with the volumes confirmation and take target as the day low, and if the day low is broken we can see further fall.
TIP: always buy the at low and sell at high.
Here I mention only the high probability trades only. as intraday trader you can have multiple entries and exits according to your setups.
DISCLAIMER: This is my own analysis and you do your own analysis before you take any trade and I am not SEBI registered and contact your financial adviser before taking any trades .I am not responsible for your profit or loss. This is only for educational purpose and learning.
comment below if you have any doubts.