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subhagghosh
Jun 16, 2021 3:08 PM

#banknifty analysis for 17th June'2021 #expiry 

Nifty Bank IndexNSE

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#banknifty analysis for 17th June'2021 #expiry

Decision Zone (Above positive & below negative bias) :- 34,965

Decision Points (Can either act as support or resistance):- 34,259 / 34,491 / 34,724 / 35,088 / 35,140 / 35,262 / 35,344

The invalidation point of upmove is 34,724 ( which will be SL for longs).

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

Regards,
SG.
Comments
harishpkv
SIR I m carrying 34900 pe @ 126 15 lots Bank nifty
Plz advise kis level par cover karu
subhagghosh
@harishpkv cover it
federalOil8875
@harishpkv cool money
San-paan
Sir, wave 5 draw is unclear to me...sir, can you clear about plz.....
subhagghosh
No trade tiggred, as I posted last night, the analysis is invalid below 34, 750
federalOil8875
Stop loss trigger?.set up change,some down trend positional visible?.34750
subhagghosh
34,750 is SL of all long.

The structure becomes invalid below this levels.
subhagghosh
My view is bullish, view might change based on intraday setups.
yokeshwarankomala
Hi I am buy 15800pe at 80 tomorrow may be go up r down what's your view
privyoneventures
@yokeshwarankomala, in profit today sgx nifty down more then 100 points so in india gap down opening possible once in profit square off
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