Bank nifty future is also another index future traded with huge liquidity on NSE, on daily charts we see bank nifty is in downtrend, hence trading in the direction of daily trend we will look for selling opportunities using slow stochastic indicator. Here I will discuss a trading strategy that can be used for bank nifty future in a downtrend; I always look for a pullback in opposite direction to enter the trade. Once we enter the trade on bank nifty future we keep on rolling the position to next month till uptrend is intact. Now traders must keep a track on banking stock those are known as heavy weights, such stocks are SBIN, ICICIBANK, HDFCBANK, AXIS BANK and PNB. Look at bank nifty chart shown below. Now learn technical analysis online from your home, call me on +91-99 70 77 77 89, Free 1 year support on your stock queries.
About Bhaveek PatelBhaveek Patel is one of the most successful traders, technical analyst, and investor, his areas of interest include stock market, forex, and gold trading. Apart from this, he is often seen in the golf course. He is having more than 10 years of experience in trading, had placed his first order on 19 June 2006 with IndiaInfoline.
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