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Bank Nifty Falls 1200 Points from Pivot Point

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Updated On:

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 to 31400, and from there, it turned back. Today, it made the low around 30250.

How simple was it to Grab a 1200-point move opportunity?

We used one of our Unique Trading Techniques and found that 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 got 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 to be Crucial for the Bank Nifty. 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 an EOD basis.

As I said earlier, trading with Pivot Point is one of the simplest things.

The things that matter the most are knowledge, trading tools (your approach), and patience.

Don’t be the Bystander in this Great Cyclic Year, as many creamy moves are on the way.

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About the Author

Divesh Jotwani is a Full-time trader in the Indian stock market. He has spent over 20+ years researching and discovering WD Gann's methods and applying them day in and out markets.