subhagghosh

#banknifty analysis for 14th Jan'2021 - #Expiry

NSE:BANKNIFTY   NIFTY BANK
#banknifty analysis for 14th Jan'2021 - #Expiry

Decision Zone:- 32,415 - 32,522

Upper Targets:- 32,743 / 32,911 / 33, 094

Lower Targets: 32,247 / 32,017 / 31,891 / 31,725

bank nifty expected to move towards 33,741.

Read the analysis in context to larger time frame:-


Having targets of 32,362 (DONE) to 34,309 bare min.

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

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