Bank Nifty Trading Strategy for 4th Dec'2020

#banknifty view on 4th Dec'2020.

We are having a correction wave: Triangle, Zig Zag Contracting Triangle

Decison Zone:- 29,550 - 25,608

Resistance Zone:- 29,778 - 29,851

Upper targets:-29,710 / 29,813 / 29,920 / 30,045

Support Zone:- 29,150 - 29,223

Lower Targets:- 29,290 / 29,149 / 29,950 / 28,655 / 28,236 / 27,824

SL for all positional long is 28,800

Any crack can pull BN immediately to below 28k.

Weekly Range:-

Smaller Range:- 28,900 to 30,200

Larger Range:- 28,500 to 30,700

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.