Friday, 20 November 2015

NIFTY 50 AND BANK NIFTY- PRE OPEN TRADING PLAN - 20/11/2015

NIFTY 50

Today Market closed at the high point of the day.  As per weekly chart , tomorrow is also a bull candle.  I am expecting 7950 in future.

Today market make me to be more bullish in the coming days. let see and I want  to trade  each day according to the merit of the charts.

My predetermined point to enter long. 8415 ,  35 points below the close.  Even I can give +10 points above the point.  8424... with a stop 7789.

I don't want to try to short the market,  even my stop get hit.

Tomorrow  buy nifty at the opening or the predetermined point 8415 -8424.  whichever is less.


Bank Nifty 

Yesterday Bank Nifty not outperformed Nifty.  Today I am expecting Bank Nifty to outperform the Nifty 50

My predetermined point to enter long 16979 , even around 17000 I can buy Bank nifty with stop at 16846.

I don't want to short Bank Nifty tomorrow.  Charts look upside for the next few days.  I want to take each day as it comes.

Weekly basis bank nifty outperformed Nifty this week.  17300 look possible, If  I got good  entry point, I will carry the long with trailing stop up to 17300.  

Let see what stored this Friday,   whatever be the result ,  I want to be disciplined in my trade.

Happy Trading zen way....

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