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subhagghosh
May 28, 2021 12:05 PM

#banknifty analysis for 31th May'2021  

Nifty Bank IndexNSE

Description

#banknifty analysis for 31th May'2021

Decision Line:- 35,142

Resistance:- 35,524 / 35,960 / 36,326

Support Zone :- 34,751 / 34,410 / 34,142 / 33,850

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
chat00
Hello Subhag,
Been following your chats for a while. Your charting is pretty accurate. Thank you for your posts, they are very helpful to compare with my charting.

Just one question. I am a bit confused. So the purple "C" is not coming in? And is the 3rd wave in the green over at the current levels or are you expecting it to go up to 35,500.

Thanks for your great work again!
cautiousStar5279
thanks sir
raj15aug
Absolutely spot on analysis. Always!!
MalikMoney
thanx...
subhagghosh
Yes , 36 to 37+ k is on radar, but not vertically up , use fill back to get in.
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