Dear Traders,
Here in this chart of the BANKNIFTY Index, I have drawn important DEMAND (Support) zone and SUPPLY (Resistance) zone which will be important for intraday trades on 13 Aug 2021.
LOGIC- As we know price is the GOD in the stock market, the price of any stock/index itself is the biggest and most important indicator to understand the direction, sentiment & trend of the market.
Every business works on the basis of DEMAND & SUPPLY and the stock market is also pure business, so from price, we understand the DEMAND & SUPPLY areas to watch and trade daily.
Every day I will post the daily analysis of NIFTY & BANKNIFTY which will help you to trade in intraday.
Thank You.
Here in this chart of the BANKNIFTY Index, I have drawn important DEMAND (Support) zone and SUPPLY (Resistance) zone which will be important for intraday trades on 13 Aug 2021.
LOGIC- As we know price is the GOD in the stock market, the price of any stock/index itself is the biggest and most important indicator to understand the direction, sentiment & trend of the market.
Every business works on the basis of DEMAND & SUPPLY and the stock market is also pure business, so from price, we understand the DEMAND & SUPPLY areas to watch and trade daily.
Every day I will post the daily analysis of NIFTY & BANKNIFTY which will help you to trade in intraday.
Thank You.