Thursday, August 17

Bank Nifty Bulls fails at 24476 again,EOD Analysis

As discussed in Last Analysis  Now we are again approaching the crucial range of 24476-480, fresh longs should be taken above this for a move towards 24648/24800/24928. Bearish below 24389 for a move towards 24120/24000. 17 Aug is again a time cycle date so expect volatility in market. High made today was 24496 in opening tick and as soon as 24476 was broken bears have upperhand and pushed bank nifty towards 21120, Low made was 24121 before pullback. So Bank Nifty played well in the range of 24120-24476 and also 17 Aug played well. Now till 24476 is not crossed bears will have upperhand. Fresh longs above 24476 for a move towards  24648/24800/24928. Bearish below 24100 for a move towards 23963/23755. How to Maintain Control and Discipline in Your Trading 
Continue Reading

0 Comments:

Post a Comment

Note: Only a member of this blog may post a comment.

Subscribe to Post Comments [Atom]

<< Home