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subhagghosh
Feb 9, 2021 12:58 PM

#banknifty analysis for 10th Feb 

Nifty Bank IndexNSE

Description

#banknifty analysis for 10th Feb

In the last 3 day's bulls are able to consolidate on the higher side and this is a good sign and signifies time correction, either we carry on with time correction for the next couple of days before again moving up.

Decision Zone:- 36,169 - 36,037, trend deciding levels 35,750

Upper Targets:- 36,271 / 36,376 / 36,450 / 36,696 / 36,943 / 37,053 / 37,209 / 37,409

Lower Targets: 35,899 / 35, 456 / 35,099 / 34,741 / 34,232

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
Anil_TV
- Last 3 days you wrote: 6000+ pts rally unsustainable and wrote about the correction. Result : Market didnt went down [250 pts loss yesterday]
- Today you wrote Bulls are dominating in the consolidation. Result Markt quickly went down : breaking 35900 easily. [180 pts loss yesterday]

Total contradiction! Unfollowed.
Thanks for sharing the knowledge . Gd luck
Anil_TV
@thepratapdevil, Update : 350 + pts fall registered till now , against the expected bullish move BNKNIFTY Low : 35650
KuberPriya
Some people think they don't need SL, they're capable of booking loss with perf levels also, atleast trail profits when you see some... manage that money 💸
Ishtiyaq_sikar
I studying your opinion 👍👌🙏
kapilsharma210
good one
sunilkbk111
cool
jaydev78834d
Thanks
imkhushal
@subhagghosh your analysis is always a reference for me...! thank you so much....! I have a view please check if you find it on 15min chart. the below is my chart:

Anil_TV
@imkhushal, Congrats Man ! Your analysis is much more fine tuned and we can see the markets following this until now.
Your Buy range has the best RR ratio. Keep up the good work
Rakeshkumar01
thx update
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