BankNifty 21 Jan Levels

2022년 1월 20일

Expiry 20 Jan Trade summary

1. Refer yesterday study and chart shared. The cue was given absolutely bearish although some had suggested a reversal. So one had to Buy PE to have made profits
2. Levels 38033 on yesterday chart given, spot the circled candle area at this level. This is the pattern that our naked eye must spot a clear rejection at key level of 38000 and see the red line at 38033.
If one missed this trade then a big missed opportunity. Market rewards the patient traders. Even i am very edgy waiting to take trade. It takes solid mind control to take trade when you want to.

Bank Nifty Plan for 21 Jan

1. I still see some juice left for the bears and once 38000 levels are broken buy PE and look for targets of 37500 and 37450 levels
2. If it breaks the trend line a CE scalp for risky traders as I see resistance at 38100 and 38300

Tip of the day- Watch moving average slope to go with market. You will understand what i mean if you are experienced trader.