COMPARING OF YESTERDAY STATEMENTS WITH NIFTY TODAYS MOVE. 1.I SHARED WHITE SOLID LINE ON FRIDAY , MONDAY PRICE TOOK SUPPORT AND TUESDAY GAVE 160 PTS GAP UP OPENING. BUT COULD NOT TAKE OUT WHITE DOTTED LINE . AS MENTIONED YESTERDAY LONG CAN ONLY BE INITIATED WHEN DOTTED LINE IS TAKEN OUT. RATHER PRICE BREACHED SOLID LINE SUPPORT. SECOND CLUE OF WEEKNESS , FRIST WAS GAP DOWN OPEN ON MONDAY. GREEN CHANNEL LOWER BAND WILL SUPPORT IS HAVING LESS CHANCES . 2. WHITE AND RED ZONE IS HAVING MORE CHANCES TO BREACH , GERNALLY CHANNEL SUPPORT AND ZONE SUPPORT ARE BREACHED BY GAP DOWN OPENING. SO CHANCES ARE QUITE HGH BUT IF MARKET OPEN FLAT ABOVE GREEN CHANNEL THEN SHORTS SHOULD NOT BE INITIATED TILL PRICE MAKE SOME RESISTANCE AREA WHILE TRADING. NOR LONG CAN BE INITATED TILL WHITE DOTTED LINE IS BREACHED. 3. ON BREAKING CHANNEL DOWN , BLUE COLOR LINE IS FIRST SUPPORT . THAT WILL BE ACHEIVED TILL FRIDAY. SEE STRUCTURES ARE CHANGED WHEN SUPPORT OR RESISTANCE BREAK. SO ARE SENTIMENTS CHANGED. A GOOD TRADER NEVER STICK WITH ONE SENTIMENT. IF STRUCTURE OF PRICE IS CHANGING , SENTIMENTS ARE CHANGING. 4. STRUCTURES ARE CHANGED WHILE TRADING. SINCE I TRADE IN BNF SHOW YOU EVERY DAY HOW SENTIMENTS ARE CHANGED . TODAY POST OF BNF IS GOOD EXAMPLE OF THIS. REST MARKET WILL DECIDE. YOGESH VATS
@sUMITmitra, Sir u write the script on Twitter & BNF follows, now from last 3days NF also follow you my Mentor Sir, u r a GEM & such a nice person with kind heart.
very good sir, i learned a lot from your post. specially the way you trade in bank nifty was great, sentiments is the key. thank you very much sir, keep us guided all the time.
yvatsji
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@arvind6261, thanks 🙏 learn and keep in mind the explanation of entry and exit. Practice it. You will find tremendous change in your trading skills.