Bank nifty futures 1 Aug 2023 Live : Captured 200+ powerful move intraday

15.20 AM: Bank nifty future made low near 45715 for quick gain for 2nd fresh entry

Bank nifty futures 1 Aug 2023 Live : corrective waves are time consuming and in morning entry we captured 200+ points on downside .. whereas afternoon entry was in minor profit to cost to cost. Overall Day was profitable with elliott wave analysis.

14.40 AM: Bank nifty future resistance 45820

Short triggered near 45750–760  with SL 45850

13.20 AM: Bank nifty future made low 45615

A short position was initiated near 45,850, with a stop-loss set at 45,950. As of now, the Bank Nifty future has reached a low of 45,615, allowing traders to capture a move of over 200 points on the downside. 2nd target too Achieved.

11.20 AM: Bank nifty future made low 45701

A short position was initiated near 45,850, with a stop-loss set at 45,950. As of now, the Bank Nifty future has reached a low of 45,701, allowing traders to capture a move of over 100 points on the downside. First target Achieved.

10.40 AM: Bank nifty futures 1 Aug 2023-weak below 45900

Bank nifty future completed 5 impulse waves near 45944 for wave A and down wave B started. Downside golden fib level near 45655.. If broken than more weakness.

Short triggered near 45850 with SL 45950

Risk Management:

Implementing effective risk management strategies is crucial in navigating the financial markets, especially during critical phases like Bank Nifty’s all-time high. Proper stop-loss orders, diversification, and disciplined trading can safeguard investments and improve long-term success.

Disclaimer:

The information in this article is for general informational purposes only and not financial advice. Trading involves risks, and past performance is not indicative of future results. Readers should conduct their research and seek professional advice before making financial decisions. Trade responsibly.

Happy Trading!

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