Nifty 50 – Bank Nifty Trading Strategy – 31st December – 4th January 2019
In this video, of Nifty 50 & BankNifty I have discussed about analyzing strength of Sectors of Stock market using RSI Indicator. I have shown how RSI Indicator Bullish and Bearish range can be used to identify strong sectors in the market which one should focus on while Trading and Investing.
I have used RSI Indicator to identify Nifty Trend, Bank Nifty Trend and Sector Trends of many sectors. I have given out specific condition with which Trader can independently identify favorable sectors for 2019
I have then moved to Price structure analysis using Nifty chart and Bank Nifty chart. Price has now completed the structure of Higher high and higher low and based on Price structure on hourly time frame chart, Trend of price is up. I have reasoned why Bank Nifty trading strategy and Nifty trading strategy at this stage should be to be open for both sides in the market. I have mainly identified lack of stability of Global markets as the key reason to remain open for both sides.