#banknifty analysis for 19th Mar:-

#banknifty analysis for 19th Mar:-

Decision Zone:- 34,131 - 34,033

Resistance:- 34,430 / 34,645 / 35,100

Support:- 33,583 / 33,305 / 32,751

The move from 29,687.8 to 37,708.75 is 8021 point rally,we have retraced 50% (33,698), current low is 33,597.

38.2% retracement was 34,645 which was breached and we touched 50% retracement , now if today's low is broken, we move toward 61.8% retracement which is placed at 32,751 (last hope for bulls), if this support is breached we head towards 100% retracement towards 29,687.

Important pivot level is 34,485 & 38.2% fall is 34,645:- Ideally no longer till we cross 34,650 levels and we get a daily closing above this level.

Three Black Crow ( Bearish Reversal with high reliability, detected on 16th Mar'2021) was detected on the daily chart . GAP on the daily chart:- 33,305 - 33,583, ideally should work as support, if this gap is broken we head towards lower level.

On an hourly time frame, 34,430 - 34,645 is a tough resistance area , until it's crossed, we will continue to remain under pressure.

Moving Averages on 1D time frame:-

In Sell mode:-

SMA (5) 34,714

SMA (10) 35,168

SMA (20) 35,468

SMA (50) 34,270

In Buy Mode:-

SMA (100):- 31,575

SMA (200):- 26,887

RSI:- 40 .496 (in Sell mode)

Important Pivot Point:- 34,485

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.



People's don't know how respect mother,, don't have moral right to question.

I feel very sad, with your upbringing, u r not to be blamed but your parents.

they forgot to impart basic manners.
Noise is everywhere, focus on your goals, what people says doesn't matter.

karmany evadhikaras te
ma phalesu kadacana 
ma karma-phala-hetur bhur
ma re sango'stv akarmani

You have a right to perform your prescribed duty, but you are not entitled to the fruits of action. Never consider yourself the cause of the results of your activities, and never be attached to not doing your duty
@subhagghosh, itna paap karne ke baad pandit bane phr rahe ho
popularSeagull52188 Subhagkimaakadhinkachika
@Subhagkimaakadhinkachika, वो पता कर किसने पाप किया तेरे साथ यहां के किसी का हाथ नहीं है तेरे घर के पाप मै सच्ची 😄

तू कैसे आया ये यहां का कोई मेंबर नहीं जानता हमारा पाप नहीं है तू चाहे तो dna चेक करवा सकता 😅🖕
@subhagghosh, that's why I will expose u no matter what it costs
popularSeagull52188 Subhagkimaakadhinkachika
@Subhagkimaakadhinkachika, कॉस्ट 😅

अबे भिखारी के चद्दर पहले खुद का कॉस्ट तो पता कर ले 😄🖕
People's don't know how respect mother,, don't have moral right to question.

I feel very sad, with your upbringing, u r not to be blamed but your parents.

they forgot to impart basic manners.
@subhagghosh, apne kutton ke bhi manners dekh le tujhmein aur unmein koi fark nahi waise bhi ....tu indirectly karwata hai unse aur wo directly karte ....pehle mujhe laga ki maine thoda galat naam rakh liya but now I knew I was right u deserve it ... congratulations 😂😂😂😂😂😂😂
You mother should feel sorry for you, u don't know to respect women.

U hide behind fake ids to malign me.

Jo ukarna hai ukhar le....till the time I catch hold of you.
There are many retailers who have lost their whole capital because of u so I suggest u stop it right away otherwise karma will hit u back with a strong sword ready aur Zara sa bhi daring ho to apne masterplan ka ss ab group mein share karke dikhana
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