October 10, 2019

BANK NIFTY technicals

- trend is down
- however volatility is extremely high
- BNF has moved from 26800 to 30500 in 2 days
- now trading around 28800 (after a 4% intraday move)

- current ATR is 820 points or 3%
- this calls for min SL of 1600 points or 6%
- note my average SL for any positional trade in a stock is 10%



with kplswing indicator


No comments:

Post a Comment