#banknifty analysis for 31th Mar:-

#banknifty analysis for 31th Mar:-

Decision Zone:- 33,808 - 33,990

Resistance Zone:- 34,360 / 34,650 / 35,100

Support:- 33,600 / 33,361 /33,175 / 33,050 / 32,831

We have mount Everest seating at 34,360 - 34,650 zone, where sell-off might trigger again and if these levels are crossed, we might see 36,500.

Supporting View 31th Mar'2021


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.

#banknifty #ElliotWave analysis on Daily time frame:-


Regards,
SG
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