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#banknifty analysis for 26th April:-#banknifty analysis for 26th April:- Decision Zone:- 31,366 - 31,565 Resistance Zone:- 32,325 - 32,560 Support Zone :- 30,405 - 30,555 Big panic fall is only below 30,400 & panic buy above 32,560 The short-term trend is still negative & the trend doesn't change until we get a weekly closing above 32,325 levels. How to trade? Play the range of (Resistance Zone:- 32,325 - 32,560) to (Support Zone :- 30,405 - 30,555), anyside breakout, go either long or short for min 1000 points directional move. One of the best forms of PA action is not to predict but to act on the price, chart tells you where, when & how to act on price. Wait for the decision points on the chart to act else don't trade. E.g. One of the important DP is the weekly low, if the weekly low is broken, then only you will short else you won't. John Maynard Keynes said, “the markets can remain irrational longer than you can remain solvent.” So be cautious and flexible as market conditions evolve. Always trade what you see, never trade what you feel. Make this a habit, you won't be requiring any seminar, webinar, or mentor, you will be self-sufficient. Regards, SG
NSE:BANKNIFTY
by subhagghosh
2