Those who say, Intraday trading is not for consistent income, Probably haven't tried hard.
Work hard,Do backtesting as much as possible, Make every single hour count and you will notice the change.
Just extract 48 hrs from a day initially and reap the fruit later
#OptionsTrading
Well! It seems if bank nifty fails to sustain above 37300 tomorrow there could be a 500-600 points fall.
Let's see what happens tomorrow, Happy Trading.
#banknifty 01 October 2021
BN looks Bullish above 37950 and Bearish below 37860, Being a trending day today, Tomorrow can be a sideways(Consolidation) but a volatile day.
#banknifty 29 sep 2021
It was such a great trending day however, In the end sharp dip was bought aggressively and BN reversed very quickly to close @ 37867.
Prediction vs achievement
For tomorrow CPR range is very narrow and usually on these type of days a trending day is expected, If BN breaks 38240 on the upside, look for bullish entry & below 38100 look for a bearish entry.
Let's see if turns out to be trending day tomorrow.
#banknifty 28 sep 2021.
Prediction vs Reality.
The market opened above CPR with a gap and as predicted it just went up the moment it opened and gave a good target, Later it fell and took a support near 38100 multiple times and while I am typing the market is still trading above support.
If BN opens with a gap above CPR there are high chances of an upside move, If it fails to consolidate above CPR it may get weak below 37740, Also look for trade opprtunities @ demand and supply zone if india vix is falling and ADX is below 18.
#banknifty 27 sep 2021.
If bank nifty opens with a gap above high of 23 sep, It can face resistance @ 37960 and if it manages to break it after a consolidation it can break previous high of bank nifty and if it reverses it has multiple resistance as marked on chart. Happy Trading.
#banknifty