Tuesday, 17 November 2015

Nifty and Bank nifty and Daily Price movement Table.

Look at the Daily Price movement Table.

Nifty -BNH ( Bullish Noise High) for spot and future is   7856 and  7874.
Bank Nifty -  BNH  for spot and future is 17253 and 17314.

So  I booked my long at this point in nifty... as of now 2.35 nifty spot high is 7858 and 7880 future.

Bank nifty not able to move previous day high. 17230.

If this pattern occurs...  Nifty/ bank nifty has to cross day high...  otherwise it will give back some of the gains.

the pattern says to short Banknifty with a stop @ 17230 spot. and nifty with a stop @ day high...

I am not taking this trade...   we may miss a free hit.....

Happy Trading Zen way.... 

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