#banknifty view for 12th Aug'21 #expiry

#banknifty view for 12th Aug'21 #expiry

Do you see #banknifty weak?

No, BN at 35,806 is trading above the majority of SDMA (10/20/50/100) and 5 SDMA is 35,903, and the majority of momentum & trend oscillators are in buy mode.

What do I do, go long or go short? I don't see any weakness in the market until 34,861 is breached. Till that time, its buy-in dips the market for higher targets.

Do I get a shorting opportunity at higher levels? Yes, might be close to 36,600 to 37,900 areas

Where do you see major support for BankNifty ? 35,211 / 35,404 / 35,596

Where do you see major resistance for BankNifty ? 36,372 / 36,631 / 36,891

DZ:- 35,900

On 4 hour time frame:- 50% & 61% projection is placed at 36,905 & 37,563 which may or may not be achieved.

E.g. One of the important DP is the weekly low, if the weekly low is broken, then only you will be 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.

Comment: How brilliantly the price moved !!!

The view remains the same for tomorrow, hence no new analysis.


Oh my God , finally analysis has came , 5 baje se wait kar raha hu aaj mai . telegram , tradingview sab dekhta raha , kyuki maine bhi apna kud ka analysis kiya hai or wo bhi little little aapke jaisa hai
Thanks a lot sir 😊😊

Now I can sleep ,
Good night sir & everyone
Again 🙏🙏 Thanks a lot sir
+3 Reply
Good thanks Dada
+2 Reply
100 like done :)
+2 Reply
One and only Sultan of Analysis... #Respect The Boss
+2 Reply
Thanks Dada great
+1 Reply
+1 Reply
thanks 🙏🙇
+1 Reply
Simply powerful analysis for uninitiated beginners like me, Thank you Dada👍👍👍👌👌
+1 Reply
What a explanation....I'm 53 n learning from a young master. Feel proud of my master. 🙏
+1 Reply
Thanks alot Dada !!
+1 Reply