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subhagghosh
May 26, 2021 3:45 PM

#banknifty analysis for 27th May'2021 # expiry Long

Nifty Bank IndexNSE

Description

#banknifty analysis for 27th May'2021 # expiry

Monthly expiry doesn't follow any technicals, it's only about big boys' position adjustment and just follow what they do.

Decision Line:- 34,733

Resistance:- 35,055 / 35,270 / 35,576 / 35,967

Support Zone :- 34,573 / 34,245 / 34,015

OI analysis:-

20.2 L OI in 35,000 CE (Closed at 89.75 )& 10.3 L OI in 34,500 (Closed at 313.85 )

14.1 L OI in 34,500 PE (Closed at 121 )& 13.4 L OI in 34,000 PE (Closed at 28 )

This clearly shows 34,050 is strong support & 35,100 is strong resistance as per OI and based on chart analysis.

Big move only outside the 34050 to 35100 range.


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
vishalmane2686
Thank You So Much Sir
Parthiashu
I am fan of you bro
vajrala314
thanks sir
subhagghosh
Index traveled as guided 👍
MalikMoney
awating for your knowledge sharing everyday...thank you sir
sommanathpraveen
Super Dada
vajrala314
will it exide expire condition today
subhagghosh
my pleasure
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