Expiry Special Analysis for 17th Sep'2020.
#banknfity OI up by 10.68% and price down up +0.48%, which indicates a neutral setup.
The last 1 hour data is not good, the 22,600 -22,650 zone was used for long unwinding, which suggests a clear supply zone here.
The uptrend channel which started on 16th June (19,507), the price got closed the second day in a row inside the channel and we made lower low and higher high, which is a good sign ann 22,000 -22,050 will be a strong support zone going further.
The broader range that is coming down is 22,050 to 22,650.
The decisive move will be outside this zone.
What I posted yesterday:-
Trading Strategy:- I will go into trading with a neutral mindset and will take a position based on the current setup of the market.
I will be bearish if 22,050 breaks for a target of 21,850 / 21,600 /21,300:- Not triggered
I will be bullish above 22,465 for a target of 22,550 / 22,750 / 22,850 / 23,150 :- Tiggred and we made high od 22,659.
Decision Zone 22,435 - 22,514, below is bearish, and above is bullish and the above post remains valid for Thursday's trading.
Always trade what you see, never trade what you feel. Make this a habit, you won't be requiring any seminar, webinar, or mentor, you will be self-sufficient.
The last 1 hour data is not good, the 22,600 -22,650 zone was used for long unwinding, which suggests a clear supply zone here.
The uptrend channel which started on 16th June (19,507), the price got closed the second day in a row inside the channel and we made lower low and higher high, which is a good sign ann 22,000 -22,050 will be a strong support zone going further.
The broader range that is coming down is 22,050 to 22,650.
The decisive move will be outside this zone.
What I posted yesterday:-
Trading Strategy:- I will go into trading with a neutral mindset and will take a position based on the current setup of the market.
I will be bearish if 22,050 breaks for a target of 21,850 / 21,600 /21,300:- Not triggered
I will be bullish above 22,465 for a target of 22,550 / 22,750 / 22,850 / 23,150 :- Tiggred and we made high od 22,659.
Decision Zone 22,435 - 22,514, below is bearish, and above is bullish and the above post remains valid for Thursday's trading.
Always trade what you see, never trade what you feel. Make this a habit, you won't be requiring any seminar, webinar, or mentor, you will be self-sufficient.
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