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subhagghosh
Oct 7, 2021 9:09 PM

#banknifty update for 10th Oct'21 

Nifty Bank IndexNSE

Description

#banknifty update for 10th Oct'21

Nothing wrong in the market, the structure is bullish only, but if we assume the short term ( marked in blue) is in progress, it will be tough to trade, as the structure is still not clear, might be an ending diagonal/complex structure.

5th Wave is tough to trade, now how to trade? buy the dips and sell the rallies.

DZ:- 37,666 below negative & above positive

Intraday SL for longs :- 36,300

Positional SL for long:- 36,590

The index can go from 38,498 to 39,501.

Regards,
SG
Comments
subhagghosh
Avoid long until:-

#nifty50 holds 17,950

#banknifty holds 38,050

Will be under pressure below :-

#nifty50 below 17,850

#banknifty below 37,850

#StockMarket #trading
raj15aug
Just like you ro provide a simple, easy to understand analysis. Thank you 🙏🙏🙏🙏

Just a small typo I want to bring to your notice.

In the text you have written, you said Intraday SL for Longs as 36300....whereas in the chart you have written 37300. Kindly correct that 🙏🙏
subhagghosh
@raj15aug 37300....
UnknownUnicorn25755736
Thank you Dada🙏
DhananjayKushwaha
Thanks Dada for your market view
Sumandeb0828
Thanks dada
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