subhagghosh

#banknifty analysis for 10th June'2021 #expiry

Long
NSE:BANKNIFTY   NIFTY BANK
#banknifty analysis for 10th June'2021 #expiry

Zig Zag Correction, leg C is always furious, I still see the market is on the upside.

The wave structure breaks below 34,410.

Decision Zone:- 34,946 - 35,009

Resistance:- 35,142 / 35,370 / 35,550

Support Zone :- 34,844 - 34,717 / 34,410 - 34,608 / 34,142

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

sir which time frame u use when u analyse....15mins/30mins/1 hour....????
+7 Reply
@Guneshwor8 1 hour for positional analysis.

In live market 15 min for analysis and 3/5 min for entry & exit.
+1 Reply
some time i think banknifty follow your chart :D great analysis
+2 Reply
you are right sir
+1 Reply
2 pm update:- pls book profit if u r long
+1 Reply
niyas1305 subhagghosh
@subhagghosh, for today you're saying or for positional !?
Reply
intraday
Reply
niyas1305 subhagghosh
@subhagghosh, oh.. ok sir thank you because i have taken 35000 ce & 35200 ce monthly
+2 Reply
I m holding 17 June 34700 pe what is your opinion
Reply
When there is crucial day ur setup not coming,I am not taking any clues,thanks
Reply
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