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kiranrshinde
Jun 24, 2021 3:01 AM

#Banknifty Analysis Expiry Special 24 June Short

Nifty Bank IndexNSE

Description

Hello Traders,

Trade safe as today is Expiry Day ... More Premium will Decay

Resistance Level :
1. Good Resistance Zone exists at 34700-34800.
2. Strongest Resistance at 35000 .
3. Strong Resistance at 34800.
4. Strong Resistance Zone exists at 35100-35300.

Support Level :
1. 34000 is Strongest Support Level .
2. 34500 is a Strong Support.
3. 34200-300 is Good Support Zone .

Sideways Possibility:
More Sideways above 34300 to 34500, if market sustains above 34200

This is not Buy and Sell recommendation to any one.
This is for education purpose and a helping hand to learn trading in Market.

I hope you all like my analysis.
Please do share your thoughts into comment section.
Please give a like, it motivates me to do analysis and do share with your friends as well.
Comments
vishug1971
Risky ,@ 9.45 am Barish engulfing candle formed on 34800 , 34773.should have been the entry.for the barish move SL 34810 exit 34720
Was my setup as of now just my view
kiranrshinde
@vishug1971,

Yes ..

One correction ..it is Bearish not Barish
vishug1971
@kiranrshinde, spelling mistakes, well at 11:45 one more perfect inverted hammer candle at 34800 with 5 minutes time frame followed by a bearish candle... Let us see not giving chances risky..
34697 Entry
35715 SL
35650 target

Oops reversed stop-loss hit.. no trade taken just analysing
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