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Bank Nifty Indian Index bullish bias with new weekly demand imbalances

Bank Nifty Indian index has a clear long term long bias, bearish corrections must exist if we want to plan a trade using imbalance. The Indian stock market and its indexes does not move in straight lines and so do the other world indexes, the Indian Bank Nifty and Nifty 50 indexes are not an exception.

As explained in previous Bank Nifty NSE index analysis, we had a super strong weekly demand level around 27000 where we want to go long and that imbalance has played out nicely as expected. Check previous Bank Nifty supply and demand analysis, we called that trade months before price ever retraced to that price level and demand imbalance. At Set and Forget trading community we call the trades before the fact, sometimes weeks and months before price returns to the levels explained in our technical analysis.

Bank Nifty trading strategy

There are many trading strategies that can be used to trade Bank Nifty NSE Futures index, supply and demand is just one of them. You can use this supply and demand analysis to plan short term, intraday and day trading on Nifty Bank, this Bank Nifty analysis can help add more confluences to the Bank Nifty strategy you are currently using, going against big timeframes imbalances is suicidal and never a good idea.
We could have a different scenario on Bank Nifty NSE index, price could fall short of retracing to this imbalance and continue rallying. We must be patient and wait for a new high probability trading scenario.

Trading Bank Nifty NSE futures index supply and demand imbalances. Trading Bank Nifty NSE futures index supply and demand imbalances is ideal for beginners and those with a full or half time job, you won’t need to stay in front of the computer all day long trying to move trading Bank Nifty NSE futures index price action with your mind.

As supply and demand traders, we do not need to pay attention to the news, fundamentals or any earnings reports. Once a big timeframe imbalance has gained control on trading Bank Nifty NSE futures index , earnings do just the opposite and reacts strongly to those imbalances. Why is it that you see positive earnings and then the underlying stock drops like a rock, or a negative earnings announcement and the stock rallies like a rocket out of control? You are probably missing the fact that there are big imbalances gaining control.

Unless you are doing very short term trading on trading Bank Nifty NSE futures index and scalping, you should not worry about fundamentals or earnings announcements.You can use these imbalances to plan your trades on trading Bank Nifty NSE futures index options in lower timeframes.

Trading is just waiting for the right trigger points and scenarios to present themselves, this game has got a name and it’s called the waiting game. We need to patiently wait for the

On Bank Nifty NSE Indian index we have a new weekly demand imbalance created around 27340 where longs will be possible again. Will this new trade setup and imbalance play out as nicely as previous demand level? We don’t know, nobody knows. What we do know is that it’s a new imbalance with a clear long term long bias, that’s all we need to know. Can it be a loss? Of course this trade setup on Bank Nifty index could be a loss, but who cares about losses? Losses are part of the trading game, we cannot win if we do not lose because that would mean that we are not taking any risks. If we don’t take any risks then we are actually NOT trading.

We could have a different scenario on Bank Nifty NSE index, price could fall short of retracing to this imbalance and continue rallying. We must be patient and wait for a new high probability trading scenario. You just have to follow th

 

Higher probability stock trading versus lower probability stock trading

This Bank Nifty technical analysis only deals with the strength of the impulses, both weekly demand levels are very strong.

By simply comparing the strength of those moves you will be able to locate potential turning points on Bank Nifty futures index and related Bank Nifty Indian stocks. Trading impulses against the trend is not the best strategy since you will be going against the long term bias of the underlying asset or stock. How to buy Bank Nifty futures index? Well, locate these impulses and do a top down technical analysis before making a decision to buy or sell at these impulses. A single timeframe technical analysis is not enough to make a trading decision.

Learning how to trade Indian stocks and Bank Nifty futures Index looks easy but it’s not, if it was easy everyone could do it. If you are interested in how to trade Nifty 50 index and NSE Indian Stocks, join our stocks trading course and our supply and demand trading community.

Trading Bank Nifty NSE futures index supply and demand imbalances

Trading Bank Nifty NSE futures index supply and demand imbalances is ideal for beginners and those with a full or half time job, you won’t need to stay in front of the computer all day long trying to move trading Bank Nifty NSE futures index price action with your mind.

As supply and demand traders, we do not need to pay attention to the news, fundamentals or any earnings reports. Once a big timeframe imbalance has gained control on trading Bank Nifty NSE futures index , earnings do just the opposite and reacts strongly to those imbalances. Why is it that you see positive earnings and then the underlying stock drops like a rock, or a negative earnings announcement and the stock rallies like a rocket out of control? You are probably missing the fact that there are big imbalances gaining control.

Unless you are doing very short term trading on trading Bank Nifty NSE futures index and scalping, you should not worry about fundamentals or earnings announcements.

You can use these imbalances to plan your trades on trading Bank Nifty NSE futures index options in lower timeframes. Trading is just waiting for the right trigger points and scenarios to present themselves, this game has got a name and it’s called the waiting game. We need to patiently wait for the correct scenarios on Bank Nifty Indian index and setups to happen and wait for price to pullback or dip into the trading Bank Nifty NSE futures index price levels we want to trade, in our case these price levels are made of supply and demand imbalances.

There are several ways of buying stocks. When trading stocks, you can buy shares of the underlying stock or use trading Bank Nifty NSE futures index options strategies to go long or short at these specific supply and demand levels on trading Bank Nifty NSE futures index , long calls or long puts or spreads. You can even buy a CFD (contracts for difference) if you are in a country where it’s allowed.

Alfonso Moreno
Alfonso Moreno
Full time trader, expert technical analyst and founder of Set and Forget supply and demand online trading community. Traveler, photographer and adventurer.

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