#banknifty analysis for 15th June'2021

#banknifty analysis for 15th June'2021

Decision Zone:- 35,088 - 35,092

Resistance:- 35,350 / 35,550 - 35,650

Support Zone :- 34,930 / 34,801 /34,673 / 34,259 / 33,964

Reduced the time frame to 15 min, to capture intraday moves.

I will try to post delta updates on a daily basis or if there is any significant change in structure.

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.

#elliottwave #nse # nifty #banknifty

SG .