Nifty Bank IndexLong
Bank Nifty for August 25th
Hi All,
I am posting my own analysis here as per my knowledge and understanding of the market, please do your own analysis before taking any trades.
Market after a slight Gap down opening, consolidated most of the day and gave a Good break on the upside at the end.
My view for tomorrow:
1. Gap Up opening: Market should retest the immediate support levels 39142 and 39096 and then if bounces upwards from here, good trade is possible.
Huge Gap Up: Dont trade in a hurry, wait for the market to take a direction and trade as per price action
2. Flat to Gap Down opening: 38851 and 38771 are the immediate support and last important support is 38632, unless and until market breaks 38632, I am Bullish only
TRADING IS SIMPLE BUT NOT EASY, IT SHOULD BE SIMPLE
Tip of the Day: Emotional balance is the key to success in Trading. Win or loss, keep your emotions in control which will help us to become a better trader in the long run.
I am posting my own analysis here as per my knowledge and understanding of the market, please do your own analysis before taking any trades.
Market after a slight Gap down opening, consolidated most of the day and gave a Good break on the upside at the end.
My view for tomorrow:
1. Gap Up opening: Market should retest the immediate support levels 39142 and 39096 and then if bounces upwards from here, good trade is possible.
Huge Gap Up: Dont trade in a hurry, wait for the market to take a direction and trade as per price action
2. Flat to Gap Down opening: 38851 and 38771 are the immediate support and last important support is 38632, unless and until market breaks 38632, I am Bullish only
TRADING IS SIMPLE BUT NOT EASY, IT SHOULD BE SIMPLE
Tip of the Day: Emotional balance is the key to success in Trading. Win or loss, keep your emotions in control which will help us to become a better trader in the long run.
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