Bank Nifty Trading Strategy for 20th July'2020
Decision Zone [ 22,040 - 22,185]
SL for all short term long 21,495
2:00 PM to 3:30 PM, non stop 90 mins short-covering, until and unless followup buying comes, will be consolidated at this level of 21,000 to 22,500.
We are trying to form H&S formation on the hourly chart, which might require the next 1 to 2 weeks to mature.
Below 21,028 we have a target of 18,976 (23080 to 21,028 , 2052 points .i.e 18,976)
SL for all short term long 21,495
2:00 PM to 3:30 PM, non stop 90 mins short-covering, until and unless followup buying comes, will be consolidated at this level of 21,000 to 22,500.
We are trying to form H&S formation on the hourly chart, which might require the next 1 to 2 weeks to mature.
Below 21,028 we have a target of 18,976 (23080 to 21,028 , 2052 points .i.e 18,976)
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