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subhagghosh
May 19, 2021 4:41 PM

#banknifty analysis for 20th May'2021 #expiry 

Nifty Bank IndexNSE

Description

#banknifty analysis for 20th May'2021 #expiry

Nothing changed from yesterday to today, we are in pullback and till 32,840 holds, use dips to go long for higher targets.

Decision Line:- 33,750 (Above positive & below negative)

Resistance:- 33,918 / 34,245 / 34,509 / 34,772

Support Zone :- 33,664 / 33,368 / 33,129

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
rasool1114
Awesome. I hope it had completed wave-3. can we see any retracement or bounce back here
rajkpg13
SG Sir, your levels were just like magic.
Now hoping to climb to 34k plus .
subhagghosh
Bounce back to 35K
Bnagesh56
awesome analysis 🙏
RamaSriram
Wah!!!! Too much!!! Loved the conviction in your analysis and the comments that went with it defying the law....LOL...
subhagghosh
34,377 Now 🔥🔥🔥
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