Harvesting 500 Bank Nifty Points a Month.

[The Monk.]

This thread will focus exclusively on Bank nifty trading.

I will post the analysis, charts and opinions on bank nifty here.

500 points because i think it is a reasonable target ,its neither too aggressive nor too conservative.

Trade duration could be anything from intraday to a few days.

Members opinions are welcome.

 

[reachjj]

This thread will focus exclusively on Bank nifty trading.

I will post the analysis, charts and opinions on bank nifty here.

500 points because i think it is a reasonable target ,its neither too aggressive nor too conservative.

Trade duration could be anything from intraday to a few days.

Members opinions are welcome.

Looking at the range it usually gives, 500 Points shouldn't be too difficult provided we follow the rules strictly....Looking forward to see your strategy...

 

[The Monk.]

BNF has been forming a H&S pattern , a breakout on either direction could give us our next trade.

The breakout should happen on monday itself.

 

[The Monk.]

Looking at the range it usually gives, 500 Points shouldn't be too difficult provided we follow the rules strictly....Looking forward to see your strategy...

ya BNF has better volatility than NF, but has it has its cons too ,in the sense placing stops could become a bit tricky.

 

[The Monk.]

Reliance industries results and inflation data could be key triggers for the markets tomorrow.

 

[The Monk.]

Going Long in BNF @ 11374

 

[The Monk.]

Expecting short sellers to fall on one another to cover their shorts.

 

[The Monk.]

Going Long in BNF @ 11374

BNF closed @ 11490

Up 116 points, but position still open as i feel it can move towards it previous swing high which is still 100 points away.

 

[The Monk.]

BNF forming an inverted H & S, a breakout could take the prices higher.

 

[The Monk.]

Looking at the sheer amount of short built up in the markets, i wouldnt be surprised if the
sheer pressure from short coverings take the indices back to retest the previous highs.