subhagghosh

#banknifty analysis for 3rd June'2021 #expiry

NSE:BANKNIFTY   NIFTY BANK
#banknifty analysis for 3rd June'2021 #expiry

Decision Line:- 35,285 - 35,595

Resistance:- 35,524 / 35,960 / 36,326

Support Zone :- 34,751 / 34,608 / 34,410 / 34,142

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

Looking at the chart ,it seems we will have a roller coast ride tomorrow. Hogh volatility expected Sir?
+6 Reply
thankyou sir I think your may31 posting chart may be tmrw bank nifty chart sir let's wait and see how Bank nifty react
+3 Reply
Rocking now as per your analysis sir.. thank you...
+1 Reply
thank you, waiting for this.
+1 Reply
Hi @subhagghosh

Holding 36100 CE expiry 17 June. What is your opinion on holding this call?
Reply
Sir you told that if gap up at 35500 then it will reach upto 36k but why does the graph arrow indicates downward direction
Reply
@vajrala314 after upmove, we might correct down, that's why.
Reply
@subhagghosh
Sir when price was around 35100
you were bullish and now we have crossed 35500 and you are expecting a major correction but price should take support at 35250 previous resistance right??
Reply
@subhagghosh and sir where do you see today's expiry pls tell
Reply
Sir, DL is it correct 35285 -35595 ?
Reply
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