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subhagghosh
Feb 1, 2021 8:23 PM

#banknifty analysis for 2nd Feb 

Nifty Bank IndexNSE

Description

#banknifty analysis for 2nd Feb

Decision Line:- 32,167

Upper Targets:- 33,586 / 34,047 / 34,419

Lower Targets: 31,637 / 31,265 / 30,892 / 30,432

Don't short the market, until 32,167 breaks, till then use the dip to go long.

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.

For 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

Trade closed: target reached

Upper Targets:- 33,586 / 34,047 / 34,419
Comments
sandeepkurnool12
u r superb sir
Maddyebs
Thank You very much Sir.
ashok690
Waiting for your strategy.
subhagghosh
Wasn't well, coudnt post for today

Will post for expiry 4 sure
saahiltanwarr
@subhagghosh, hello bhaiya, I wish for your speedy recovery and I hope you’re doing better now. Get well soon bhaiya
rajkpg13
@subhagghosh, do get well soon.
Your views are such a big support to your small time traders.
Aadamsafi
Hi sir..hope things are fine there..
We all are waiting..!
mnm1970
34000 BN

hasn't that gone too high in just 2 days
do you suggest buy 33500pe or 33000pe
subhagghosh
@mnm1970 never
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