Bank Nifty: 27 Jan 2021

Entering the day with neutral positions. Long bias into the day. We ended the day at such a crucial juncture i.e. around 31000 below which next target is 30000. Also note that we might gap down and see value buying which could surprise many. NF uptrend looks intact but has also closed at such a vital level 14250. 

Value area 31240/31292 for mean reversion trades.

Comments

Post a Comment

Popular posts from this blog

Notes for 18 Aug 25

Entered GC short at 3362, tg 3330, 3300. Also, long EURUSD at 1.173 tg 1.188, sl 1.169. The inside weekly candle got broken upside  Want to short ZN here at 111'25 but i can see a rising pennant so R:R doesnt suit so not entering.
Read more

Notes for 20 Aug 25

Booked GC 1st set partial per plan as mkt came down. Final set running.  ZM looks bullish here esp when grains are finding difficult to stay afloat. ZN almost hit sl yday but carrying on short
Read more