Bank Nifty Conservative Trading
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Bank Nifty Monthly Long above 11791(HEMA) and 10646 (LEMA) (TREND DOWN BELOW 11120)
Bank Nifty Weekly Long above 11158(HEMA) and 10686 (LEMA) (TREND DOWN BELOW 10963)
Bank Nifty Daily Long above 10618(HEMA) and 10437 (LEMA) (TREND UP ABOVE 10555)
Only a close above 5555 =>should be used to take long position
Weekly Trend Down below 10963
Daily Trend Up above 10555
Avoid long till 10963.
Exploring shorting opportunity will be advisable.
Now How to explore the shorting
1)Conservative Trading that the trade follows the tide of the long-term trend while allowing for entrance into trades at times when the market moves briefly against the trend.
2)The best buying opportunities occur when a rising market makes a briefer decline; the best shorting opportunities are indicated when a falling market rallies briefly.
3)When the monthly trend is upward, weekly declines represent buying opportunities.Hourly rallies provide opportunities to short when the daily trend is downward.
4)Currently month and weekly is in down trend .so Daily and Hourly rallies provides shorting oppurtunities .
Going Long at this point will against trend ,should be executed with strict stop loss.
Bank Nifty JNSAR
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Bank Nifty Weekly JNSAR 11096
Bank Nifty Daily JNSAR 10616
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