Bank Nifty Trade Plan for 24 Nov 2021 - Wednesday
Bank Nifty still shows some weakness. Long Unwinding seen on 37000 CE Next support is 36870 will act as Strong Support.
For tomorrow I'm expecting market to Open Flat / small gap down.. and will see some buying momentum and then it could be BEARISH day.
If 36870 Breaks down then bank nifty will fall more tomorrow and Target is 36500 - 36300 - 36000
Indicator Description of the lines are given below in Order:
Aqua ---------------------Camarilla - H4 Bullish Breakout
Green ------------------- R1
Aqua -------------------- Camarilla - H3 Sell Zone
Orange ------------------ BC
Red / Green (Middle) - Pivot Point
Yellow ------------------ TC
Blue --------------------- Camarilla - L3 Buy Zone
Red ---------------------- S1
Blue --------------------- Camarilla - L4 Bearish Breakout
Happy Trading!!! :-)
Disclaimer : The idea is purely for Knowledge sharing purpose. Do your won analysis and consult your finance advisor before taking any trade. I'm not responsible for any of your profit / losses.
Please do like and support for more Ideas! Comment if you need any specific stock/index analysis..
Bank Nifty still shows some weakness. Long Unwinding seen on 37000 CE Next support is 36870 will act as Strong Support.
For tomorrow I'm expecting market to Open Flat / small gap down.. and will see some buying momentum and then it could be BEARISH day.
If 36870 Breaks down then bank nifty will fall more tomorrow and Target is 36500 - 36300 - 36000
Indicator Description of the lines are given below in Order:
Aqua ---------------------Camarilla - H4 Bullish Breakout
Green ------------------- R1
Aqua -------------------- Camarilla - H3 Sell Zone
Orange ------------------ BC
Red / Green (Middle) - Pivot Point
Yellow ------------------ TC
Blue --------------------- Camarilla - L3 Buy Zone
Red ---------------------- S1
Blue --------------------- Camarilla - L4 Bearish Breakout
Happy Trading!!! :-)
Disclaimer : The idea is purely for Knowledge sharing purpose. Do your won analysis and consult your finance advisor before taking any trade. I'm not responsible for any of your profit / losses.
Please do like and support for more Ideas! Comment if you need any specific stock/index analysis..