Hello Everyone, Hope you all are fit and fine ... Stay Safe and Trade safe...!
As predicted in previous analysis, BnkNifty Opened Gap Up following Ascending Triangle Pattern ( ATP ), which basically is Bullish .
BankNifty to Open Gap Down .... Tomorrow ...!
Resistance Level : 1. 35000 is next strongest Resistance level . 3. Good resistance exists at 35500 and New Resistance is developing from 35200 to 35350.
Support Level : 1. 34000 is Strong Support level . 2. 34500 is next Good Support Level .
Sideways Possibility : More chances of Downward sideways market, close to 34500 .
Trend Line : Black Line : Sell Below Black Trend Line. Red Line : Buy above Red Trend line.
Important Note: More chances of Gap Down opening, and may see a reversal around 34600 to 34500 being Support Zone. Need large volume to break 34500 as indicated by larger Red Arrow. As the Resistance is building strong at 35000 level it seems that at least for first half market would be in down and sideways.
*Imp Note : Support and Resistance Marked keeps on changing as the day progresses and new trader joining. Strong Support and Resistance will act atleast for first half and may be broken with large volume as we saw in next half.
I hope you all like my analysis. Please do share your thoughts into comment section. Please hit the Follow button to get the regular analysis. Please give a like, it motivates me to do analysis and do share with your friends as well.
I like ur analysis... Sir help me, I already lost 800k ,,, I want to recover, please sir guide me.
kiranrshinde
⋅
@dhanjip93 800k ... loss and still trading ... For a while stop trading ... take pause ... Learn and then earn ... focus on learning ... then earning ... I will definitely help you ... please text me in private chat ... will discuss and guide you.
ashrith1850
⋅
Your analysis was spot on even today kiran. Thank you for the reccomendation.
I am a software developer working in a IT company in Pune, so I do not have enough time.
Even i do not have time to Trade considering the workload.
But its my passion to help others, i am spending some extra hours to give you all, atleast BnkNifty analysis.
ygkhule
⋅
Your analysis is very good but unfortunately i visited today hope in coming days i will learn from you...
Hit the Follow button on my profile to get regular update regarding my analysis.
akbhagyalatha
⋅
Sir,I follow your analysis everyday, It's very accurate. But today due to my bad fate I lost 20k sir .How will be the market for tomorrow sir kindly suggest.
This is not the bad fate but your greed to earn more and more ... control your emotions ... put a strict stop loss ... I already suggested one of the member following me.
Unless you have more than 5-6 yrs of experience of trading and that too of BnkNifty the most Volatile Index, you should not go for Carrying forward a positioin.
Try to close the position on the Same day itself either your target will hit or Stop Loss of limited points.
Why i am saying this again and again, it may sound you that "Kyu Gyan Baat Raha hai bhai sidha jawab de na" , But please understand following facts;
1. Everyone say in market 90% people loose and 10% earn .. think why ?
Reason : Large community of traders is retail trader and they tend to be Option Buyers as capital is small...
2. Option Seller always wins or earns more ..why ..think again ?
Reason : Option Seller are benfited of Time Decay ... means as we come closer to expiry ... Value of Option on both side reduce.
e.g Option Seller has sold one optionat 100 rs as time passes and expiry is close 100Rs will be reduced 60.50.40 ...etc The only condition when they loose is market moves against their position drastically.
They even earn when market is sideways. And to prevent loss in drastic condition they Hedge their positon .. so loss percentage is ZERO.
3. Option Buyers can win only ..when ?
Answer : If market moves in his direction.
He will loose in both conditions when market is sideways due to premium decay and market moves against thier position.
Option buyers can avoid loss by Hedging thier position ... but do we have enough knowledge of Hedging .. do we have enough capital ... think and keep all these pts in mind.
This is the reason why i say close your position on the same day, book small loss, these loss will get cover in next few days ...
But if your loss is big or your account is wiped out then, you will never feel to trade as we are the looser.
All this things happen because we don't have experience in the market.
We look at others profit and want to get the same in a day. No one takes a look at the time or struggle of the profit maker.
It's my kind request to all of my follwers, to stop trading based on tips and call.
Learn and Earn ... follow this principle.
Even i am learning day by day, my moto is to help all retail trader to earn money from Market by Learning and then earning ...
I am here to help you all by sharing whatever knowledge what i have.
No one is 100% perfect in the market.
Let me know is there any service provider taking 100% responsibility for your loss and returning back your money ... think ..think again...!
I have gone through all these phases of tips, call providers, account handling, software signals .. nothing works ...
My words may sound you harsh but they are geniune .. don't take it personally , take it positively .. learn from your mistakes ..try not to repeat those...
Just think why did i write this big thing ... i really felt very bad.