*educational purpose only*
this is the hourly chart of bank nifty futures
ltp: 38085
support: 37775
resistance: 38500 / 39000
the levels are almost the same as yesterday. the markets are range bound and volatile but I get nervous looking at the indicators because they are not as strong as they should be.
I am not saying that bank nifty futures won't go up, they may because of the budget but what I am trying to point out here is that the bank nifty futures lack strength. the prices may rise but that doesn't assure that they will sustain.
my trading advise remains the same: swing trade on strictly intraday basis
this is the hourly chart of bank nifty futures
ltp: 38085
support: 37775
resistance: 38500 / 39000
the levels are almost the same as yesterday. the markets are range bound and volatile but I get nervous looking at the indicators because they are not as strong as they should be.
I am not saying that bank nifty futures won't go up, they may because of the budget but what I am trying to point out here is that the bank nifty futures lack strength. the prices may rise but that doesn't assure that they will sustain.
my trading advise remains the same: swing trade on strictly intraday basis
Nota
waterfall, anyone?
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.