19000-19300 is a strong demand zone for this week. On the upside 19650-20450 is a strong supply zone. As I have mentioned yesterday Bank Nifty is trading in the wide sideways range. Bank Nifty is compared to weak. I will wait for the trend confirmation then only I will prefer to trade in the Bank Nifty. Right now I may avoid trading.
jsw steel y views is to trade on levels ( positional bias short on rise , but intraday and as per market trend one can play swngs . simple demonstration of how basic support resistance are helpful through ed arrow (resistance) while blue arrow (support) hope one will find it useful and take benefits ( dua me yaad rakhna) .
JSW Steel at crucial long term support. The sell off momentum might slowing down and the stock can give a bounce
No need write here anything today , it's really easy for everyone to understand the chart.
The two levels act as resistance zone . This zone is confluence of Fib 50% retracement level, 200 ema , trendline retest/resistance, and a broken support level which turned into resistance (this level held nicely during last bullish breakout retest, so strong support turned into strong resistance)
Nifty Analysis - Details are described on monthly chart
Educational Purpose.
Educational Purpose.
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