#banknifty analysis for 10th May:-
#banknifty analysis for 10th May:-
Decision Zone:- 32,925 - 33,030
Resistance Zone:- (33,259 - 33,362) / 33,545 / 33,728 / 33,955 / 34,216
Support Zone :- (32,667 - 32,771) / 32,484 / 32,301 / 32,075
SL for positional long 31,565
One of the best forms of PA action is not to predict but to act on the price, chart tells you where, when & how to act on price. Wait for the decision points on the chart to act else don't trade.
E.g. One of the important DP is the weekly low, if the weekly low is broken, then only you will short else you won't.
John Maynard Keynes said, “the markets can remain irrational longer than you can remain solvent.” So be cautious and flexible as market conditions evolve.
Always trade what you see, never trade what you feel. Make this a habit, you won't be requiring any seminar, webinar, or mentor, you will be self-sufficient.
Regards,
SG
Decision Zone:- 32,925 - 33,030
Resistance Zone:- (33,259 - 33,362) / 33,545 / 33,728 / 33,955 / 34,216
Support Zone :- (32,667 - 32,771) / 32,484 / 32,301 / 32,075
SL for positional long 31,565
One of the best forms of PA action is not to predict but to act on the price, chart tells you where, when & how to act on price. Wait for the decision points on the chart to act else don't trade.
E.g. One of the important DP is the weekly low, if the weekly low is broken, then only you will short else you won't.
John Maynard Keynes said, “the markets can remain irrational longer than you can remain solvent.” So be cautious and flexible as market conditions evolve.
Always trade what you see, never trade what you feel. Make this a habit, you won't be requiring any seminar, webinar, or mentor, you will be self-sufficient.
Regards,
SG
I try to share, as much as possible.
When I started trading 16 years back, there was no one to help me with analysis or trading. I have learned it a hard way, just sharing what I learned.
Thank you all for your immense support.