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subhagghosh
Feb 11, 2021 7:06 PM

#banknifty analysis for 12th Feb 

Nifty Bank IndexNSE

Description

#banknifty analysis for 12th Feb

After 5 days of consolidation, you can expect a trending move on Friday, broader range 35,500 - 36,500, any side range breakout you can expect 600 to 1000 points directional moves.

Decision Zone:- 35,743 - 35,796, trend deciding levels 34,750

Upper Targets:- 35,899 / 36,271 / 36,376 / 36,450 / 36,696 / 36,943 / 37,053 / 37,209 / 37,409

Lower Targets: 35,620 / 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
subhagghosh
Until u catch direction right, u won't be able take money in long term.
Kakerot
best way to play this is buy both 35500 put and 36500 call as well as sell 700 points away call and put to bring down the loss when ever breakout happens either side exit from opposite position and enjoy gains, chances are clear of either side 1500 point up or down move
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