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.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.