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subhagghosh
May 7, 2021 11:22 AM

#banknifty analysis for 10th May:- Long

Nifty Bank IndexNSE

Description

#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

Supporting view:-


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
Comments
Jitendrajena1997
Sir, I have 33900 call 12th may at a price 230
What to do on Monday Trail or exit 😔
subhagghosh
This chart speaks more than 1000 words, it's a great learning opportunity to read the chart how the analysis is derived and levels are calculated.

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 in a hard way, just sharing what I learned.

Thank you all for your immense support.
jamshedalam200
@subhagghosh, thank you sharing your analysis & experience...
TheMunnu
@subhagghosh, Thank you.
prakharsingh047
@subhagghosh, do you have any telegram or youtube channel
artisticBird63517
I have 33300 banknifty call at 472 12th may.....what to do on monday.
eternallearner
Excellent chart work।Thanks।keep on guiding us।
subhagghosh
Analysis remains same for 11th May.

Nothing got changed.
subhagghosh
all call holders have high probability to rock, if 33500 breaks, 600 to 700 point spike expect.
jigarpanchal60
I have 33500 call 12 may.
What to do on monday?
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