BANK NIFTY 30-12-2022

TRADE PLAN ANALYSIS DATE 30-12-2022
1) CPR ANALYSIS

A) TYPE OF CPR = Ascending
B) WIDTH OF CPR = Narrow

CONCLUSION = Trending Day Must Trade

2) RSI ANALYSIS = H-M

A )Weekly = 0
B) Daily= -1
C)45min = +1
D)15min = +1
E)5min = +1
CONCLUSION +2 Buying Pressure

3) RSI ANALYSIS = OVERBROUGHT/OVERSOLD

A) Weekly = -1
B) Daily = 0
C) 45min = 0
D) 15min = -1
E) 5min = -1
CONCLUSION = -3 = Selling Pressure

(2)+(3) = (+2)+(-3) = -1 Selling Pressure

4) FINDING INTRADAY LEVELS AS PER CHART

A) Max Target For Intraday Upside = R4
B) Max Target For Intraday Downside= S4
C) Buying Zone = S2 -LOW
D) Selling Zone = R2-HIGH
E) NO Trading Zone = S2-R2

CONCLUSION =SELL NEAR SELLING ZONE FOR TGT OF BUYING ZONE

5) BUILDING TOMMOROW STRETAGY =LEVEL =THINK FOR

A) FLAT OPENING = R1-R2 = SELL
B) GAP UP BELOW = R1 = BUY NEAR CPR
C) GAP UP ABOVE = R2- HIGH = SELL
D) GAP UP ABOVE = R3 = SELL
E) GAP DOWN ABOVE = S1 = BUY ABOVE CPR
F) GAP DOWN BELOW = S1 - S2 = BUY NEAR BUYING ZONE S2-LOW
G) GAP DOWN BELOW = S2 - LOW = BUY AS PER BULLISH CANDLESTICK
NOTES: