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subhagghosh
Sep 27, 2021 8:05 PM

#BANKNIFTY Short Term Positional View  Long

Nifty Bank IndexNSE

Description

Banknifty closed above 38,00 for the first time and all moving averages & oscillators are in buy mode.

VIX has surged to 18.05 ( VIX doesn't guarantee fall)

37,860 is the pivot level.

5 DMA:-37,590
10 DMA:- 37,404
20 DMA:- 36,998
50 DMA:- 36,044

Trying to find out weakness in the market is fool's paradise, just based on assumptions or astrology.

Don't listen to anyone, as long as 36,500 holds in the market, the medium-term trend is up and every dip has to be used to get it, with SL of 36,000 on a closing basis.

My heart is saying fall, but my brain is saying where are you seeing fall!!!


E.g. One of the important DP is the weekly low, if the weekly low is broken, then only you will be 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
Comments
subhagghosh
Market will always shake weak hands away 🙏
bhavikhasti
Superb analysis heads off
UnknownUnicorn25755736
As always hardly anybody has the kind of perfection (mastery) you have over BamkNifty, you know the pulse , and execute your diagnostics(Analysis) like a professional doctor(Technical Expert) without attaching any emotion to it, even if others thinks otherwise.
manish871000
Your words is like pathar ki lakir...keep it up .
subhagghosh
#nifty #banknifty

Majority of the trader or analyst, don't understand the market.

Drawing 2 lines on chart, doesn't makes you a good analyst or trader

You need to understand the market in broader prospect,comes with exp.

Jumping on #cpr #orb #straddle bla bla bla won't help.
cheranthaiyannarayana
Yes I did not buy around 38k ,I can start staggering 37700 level
kondakp2003
Hopefully this will help alot for perfect trade🙏🙏🙏🙏👍
dvsreenu
Excellent JI.......your words are very motivate......
monu786
what's the current view on Banknifty pls
jeevaramanan
sir, wave Theory say wave 1 not overlap by wave 4 . but here wave 4 ???.
if it Diagonal formation for over lap
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