Welcome back for another video where I will discuss with you about the important levels of bank nifty and how we can trade it effectively in the coming week.
As you can see, this whole range of 39,500 to the levels of 37,500, a 2000 point range and it has been moving in this range for around three or four weeks now.
A lot of short sellers might be trapped...
This video is for my personnel view and educational purpose only. In this video some label for Buy and sell were given but it is base on my view of the previous SUPPORT & RESISTANCE. For Buying should be made only after brake out of resistance and selling with brakedown of Support. Trading in banknifty is very high risk so trade wisely with money...
Trade Plan with all the Logic
Here we are going by logical analysis using weekly CPR, Symmetrical Triangular Breakout and Fibonacci Retracments.
we are using weekly CPR to know Support and Resistance zones,
we are also discussing the tradeplan.
Granules India is uptrending stock and recently given breakout in monthly and weekly time phrame.
Still breakout levels are maintained and retesting of same is going on,this is good time to buy and as bears are not able to close price below breakout levels.
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Bank nifty prediction for 12th oct
Market either can be bullish or bearish but guys do remember one thing market is consolidating from past 4 days whenever it will break upside or down side it will boom.
Nifty witnessed a sharp fall today later today. Bulls tried hard to keep the market above the resistance/breakout zone but failing eventually. The next support level for nifty is around the lows of last week which might be tested once again this week.
Expected move and my thoughts for nifty for this week is explained in detail in this short video.
Cheers!
Nifty has been moving in volatile upswings and downswings for sometime now.
It broke above the psychological barrier of 17,200 last week , opened below that today but bulls eventually took control and closed it above the resistance of 17,200 which shows buying pressure. Also, last week's breakout was pretty strong so expect one more leg to the upside towards the...
Bank nifty has been consolidating near the resistance area on 1HR for sometime now.
Expected movements and entry/exit levels discussed in detail in this short video.
Cheers =)
