Bank Nifty - Next Move [Positional for Safe Traders]
Bank Nifty has retraced quite a lot - broke 20 DMA / 50 DMA and now nearing small GAP support as marked on Charts
will it hold the support or will it slide down further depending on How Global markets respond
It may go up without even taking the support as well...
Too many unknowns to guess .. .. the only known fact as of now is that we know where the support zone is - how price reacts after testing the support is something beyond our control.
A Safe trading approach could be - to take entry as near to support zone. and exit in two scenarios - either the SL gets hit or Target reaches. Simple and Aemotional
Happy Trading
MSK
will it hold the support or will it slide down further depending on How Global markets respond
It may go up without even taking the support as well...
Too many unknowns to guess .. .. the only known fact as of now is that we know where the support zone is - how price reacts after testing the support is something beyond our control.
A Safe trading approach could be - to take entry as near to support zone. and exit in two scenarios - either the SL gets hit or Target reaches. Simple and Aemotional
Happy Trading
MSK