#banknfity OI up by 10.68% and price down up +0.48%, which indicates a neutral setup.
The last 1 hour data is not good, the 22,600 -22,650 zone was used for long unwinding, which suggests a clear supply zone here.
The uptrend channel which started on 16th June (19,507), the price got closed the second day in a row inside the channel and we made a lower low and higher high, which is a good sign ann 22,000 -22,050 will be a strong support zone going further.
The broader range that is coming down is 22,050 to 22,650.
The decisive move will be outside this zone.
What I posted yesterday:-
Trading Strategy:- I will go into trading with a neutral mindset and will take a position based on the current setup of the market.
I will be bearish if 22,050 breaks for a target of 21,850 / 21,600 /21,300:- Not triggered
I will be bullish above 22,465 for a target of 22,550 / 22,750 / 22,850 / 23,150 :- Tiggred and we made high od 22,659.
Decision Zone 22,435 - 22,514, below is bearish, and above is bullish and the above post remains valid for Thursday's trading.
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.
you tube, to be honest I don't get time even to post nifty analysis.
but thank you.
atulpatil716
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excellent sir. plsss keep posting. really knowledgeable...do you have any youtube channel if yes plss tell name if not plss start as soon as possible....big fan of your mindset. thanks very much
ep380635
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23000
ep380635
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Can bank nifty go up 2300/
subhagghosh
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by next week
msNarsi
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please let us know Nifty.... will the it cross 11800 by this week. can i take long position for next week expiry?
Equimax
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marki
subhagghosh
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Just i published a free workable algo code.
I will check.
rajannewton
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What an Awesome Chart Ghosh Ji . Loved it. Tomorrow will be eventful day. I work purely ALGO-TRADE for Banknifty Intraday. Please check my channel also Sir @rajannewton
but thank you.