#banknifty view for 6th to 11th Sep'21:-
#banknifty view for 6th to 11th Sep'21:-
BN at 36,761 is trading above all the DMA (5/10/20/50/100), all trend & momentum oscillators are in buy mode, all major pivots, and weekly closing at the highest point in the last 6 months.
Weekly high :- 37,140 & Low:- 35,721
No sign of any weakness in the market, the potential target on the upside is 37,250 / 37,550 and next is 38,150. Please allow the market to show weakness before you shart shorting the index.
All posotional SL is 36,200 spot.
DZ:- 36,750, try to trade the uptrend channel on the chart.
E.g. One of the important DP is the weekly low, if the weekly low is broken, then only you will be 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
BN at 36,761 is trading above all the DMA (5/10/20/50/100), all trend & momentum oscillators are in buy mode, all major pivots, and weekly closing at the highest point in the last 6 months.
Weekly high :- 37,140 & Low:- 35,721
No sign of any weakness in the market, the potential target on the upside is 37,250 / 37,550 and next is 38,150. Please allow the market to show weakness before you shart shorting the index.
All posotional SL is 36,200 spot.
DZ:- 36,750, try to trade the uptrend channel on the chart.
E.g. One of the important DP is the weekly low, if the weekly low is broken, then only you will be 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
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