#banknifty analysis for 1st Mar

#banknifty analysis for 1st Mar

Decision Zone:- 35,232

Upper Targets:- 35,620 / 35,863 / 36,020 / 36,342 / 36,500

Lower Targets: 34,650 / 34,300 / 33,911 / 33,700

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.



hindi men bhi Post kiya kare sir
+5 Reply
@santosshhkumar89, bro ye ek no.ka copycat hai ...brahmesh technical analysis ka cheating karta hai
in your 3 days back analysis, you have mentioned 34722 as crucial. Anything below this , all hell will break loose. Today it closed very near.
More pain ?
+4 Reply
rajkpg13 mnm1970
@mnm1970, I am a veteran trader. And I have realized that it is not wise to predict the future. Best way is to follow the daily levels of SG sir & finish one's trade on daily basis.
Markets have become very volatile .And very risky to carry overnight any positions.
+4 Reply
mnm1970 rajkpg13
@rajkpg13, you are absolutely right. I don't carry overnight positions. Learned the hard way 😂
mnm1970 rajkpg13
@rajkpg13, An overnight fall in US markets triggered by rising bond yields has set off this mayhem. The yield on the 10-year US government bond rose to a high of 1.61 percent, the most in a year

Closing was above 34720, got saved 🙌
mnm1970 subhagghosh
@subhagghosh, have to see whether it will be a gap up or gap down.
Got saved.. correct.
The 1 HR 1moñth RSI indicator shows oversold positions. Have a strong feeling that BN should go up. But again depends on Asian markets opening on march 1
Hindi, then I have to go on you tube
+3 Reply
Any suggestions sg
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