Bank Nifty Trading Strategy for 24th July'2020 and next few days
Inside Bar on the daily chart,22nd July High 23,208 & Low 22,600.
Directional move once the levels are broken:-
Good entry point is 22,700 - 22,750 levels 22,500 as SL.
Target 1 is 23,365 and an extended target of 25K on cards.
Flag formation on the daily chart, the probability is to break higher-ups.
Don't get the impulse to short is there is a gap down.
I prefer to short if there is strong reversal signal and confirmation below 22500 closure.
Just enjoy a cup of tea.
Directional move once the levels are broken:-
Good entry point is 22,700 - 22,750 levels 22,500 as SL.
Target 1 is 23,365 and an extended target of 25K on cards.
Flag formation on the daily chart, the probability is to break higher-ups.
Don't get the impulse to short is there is a gap down.
I prefer to short if there is strong reversal signal and confirmation below 22500 closure.
Just enjoy a cup of tea.
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