Bank Nifty levels for Friday(Back into Choppy Zone)

Banki Nifty back into choppy zone and you know what to do Selll high Buy low scennario apply, no trades in between.

Levels mentioned in chart Red bar is Resistance and Green bar is support areas.

Keep it simple nothing fancy on charts you only need support and resistance to trade now market structure is balanced. Keep eye on levels how price behaving at that level with price action.(double top,tripple top, HH,LL, Pin bar etc).for precise entry zoom into lower level time frame for clear picture.

Bình luận:

That beraish channel on chart is from lower time frame(3 min), on break out of channel most of them would go long even i used to do before but not now :)

Structure berarish and there is trend line resistance for shorting option.

Đóng lệnh: đạt mục tiêu:

3 Mins time frame it made double top on given level above chart 41500 area bearish signal for Put options , i got 50 points 4 lots one would have trailed till nex support on chart.

Easy simple strategy no fancy indicators as told before.Next support also reached closing trade