...1200 Points Profit Move in, five Trading Sessions
In our last post, we discussed. Bank Nifty has made the short-term Pivot at the 31511 levels.
The analysis rewards us quite well after our post-Bank Nifty came till 31400 and from there it turned back. Today it made the low around 30250 levels.
How simple was it to Grab 1200 points move opportunity? We use one of our Unique Trading Technique and find Bank Nifty has made the Pivot Point (resistance).
In the next step, we waited for the rise to take the Entry with a Small risk (which we get on Tuesday).
Lastly, After taking the Entry, we waited with Patience to get our Reward of 1200 points.
(Short(er) answer: Yes, it was quite simple.)
What's Ahead for Bank Nifty?
In today’s analysis, I found the range of 30100-30030 is very Crucial for Bank Nifty, as below that we can see the further 500-800 points slide.
We can expect BOUNCE if Bank Nifty manages to hold a 30100-30030 range on EOD basis.
As I had said earlier Trading with Pivot Point is one of the simplest things.
The thing which matters the most is Knowledge, Trading tool (your approach) and lastly the Patience.
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Below 15735-760 zone Nifty Index is weak and can drop more. On the downside, the 15520-499 zone is the important Gann level zone, where Index
Even after a strong weekly close, Nifty & Bank Nifty opened gap down. Both tried to recover, made high near Gann levels, which we discussed