No, BN at 35,806 is trading above the majority of SDMA (10/20/50/100) and 5 SDMA is 35,903, and the majority of momentum & trend oscillators are in buy mode.
What do I do, go long or go short? I don't see any weakness in the market until 34,861 is breached. Till that time, its buy-in dips the market for higher targets.
Do I get a shorting opportunity at higher levels? Yes, might be close to 36,600 to 37,900 areas
Where do you see major support for BankNifty ? 35,211 / 35,404 / 35,596
Where do you see major resistance for BankNifty ? 36,372 / 36,631 / 36,891
DZ:- 35,900
On 4 hour time frame:- 50% & 61% projection is placed at 36,905 & 37,563 which may or may not be achieved.
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.
No need any YouTube channel for learning chart because SG's chart is say everything itself, when I simply look these chart , ideas & possibilities comes like never before, jab chart ko dekho na to aisa lagta hai jaise ki koi mujhe ek ek point bata raha ho ki yaha se aisa karna , yadi market yaha aaye to aisa karna like that, Seriously I am ready to become your disciple sir if you wish to trained me , kash aap mere Guru hote not mentor sirf Guru.... Please aap {SG} apna view bataiyega..
Thankyou so much sir..
subhagghosh
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@Chandresh9 Trading is 20% technical studies and rest is different ball of game.
Focus on trade psychology and money management, no one can stop you.
You can dm me, and be part of our largest small traders group.
rinukaz
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you identified mic structure in nifty an BN in 15 MIN Time frame . me too
rinukaz
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great analysis. sidhhi baat , no bakwas . salute bro