Nifty Bank IndexShort
Expiry Special Analysis for 10th Dec'2020.
#Expiry Special Analysis for 10th Dec'2020
Bearish Butterfly:- Condition Met, This reversal pattern forms in an uptrend.
XD ( 1.27 - 1.618) :- 1.483
AC (0.382 - 0.886) :- 0.772
Sell Below 2nd bar low:- 30,590 SL 30,807.25
harmonic target 1:- 62 - 79% XA 30020, 29805
harmonic target 2 :- 127-162% XA 29,532 / 29,185 / 28,744
Decision Zone:- 30,590 - 30,630
Lower Targets:- 30,320 / 30,170 / 30020 / 29532 / 29,185 / 29,045 / 28,744
I will avoid the long above decision zone for at least on expiry.
Both the harmonic targets are done on upside:-30,481 / 30,845
Weekly Range:-
Smaller Range:- 29,500 to 30,600
Larger Range:- 29,000 to 31,000
Always trade what you see, never trade what you feel. Make this a habit, you won't be requiring any seminar, webinar, or mentor, you will be self-sufficient.
Bearish Butterfly:- Condition Met, This reversal pattern forms in an uptrend.
XD ( 1.27 - 1.618) :- 1.483
AC (0.382 - 0.886) :- 0.772
Sell Below 2nd bar low:- 30,590 SL 30,807.25
harmonic target 1:- 62 - 79% XA 30020, 29805
harmonic target 2 :- 127-162% XA 29,532 / 29,185 / 28,744
Decision Zone:- 30,590 - 30,630
Lower Targets:- 30,320 / 30,170 / 30020 / 29532 / 29,185 / 29,045 / 28,744
I will avoid the long above decision zone for at least on expiry.
Both the harmonic targets are done on upside:-30,481 / 30,845
Weekly Range:-
Smaller Range:- 29,500 to 30,600
Larger Range:- 29,000 to 31,000
Always trade what you see, never trade what you feel. Make this a habit, you won't be requiring any seminar, webinar, or mentor, you will be self-sufficient.
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