Technically on the daily charts major Trend line support comes @ 37500/37400 23.6% Retracement @ 37230 and 100%% Retracement @ 36403 whereas minor resistance on the upside is capped around 37741/38154 level.
Closing above 38154 on upside we are heading towards 40116, 40644 and 41717 in potential wave 3.
Below 36410 only Banknifty Fut look Weak for now.
Don't Know What to do Banknifty moving very fast: Follow us here for live Banknifty Trades with entry and exit'For feb expiry in comments section below.
“Do not trade every day of every year.”, Jesse Livermore
Especially as a new trader you are eager to be active in the market. You are looking for trades all of the time.
Remember that you don’t need to trade every day. And that it is even better not to trade a lot of times.
You need to learn not to force trades. Only pick the trades that you have the best odds to make money.
All the other trades will cost you a lot of time to prepare and a lot of stress when you’re in them. And they will never be the trades that will make you the big money.
Regards,
MD
Closing above 38154 on upside we are heading towards 40116, 40644 and 41717 in potential wave 3.
Below 36410 only Banknifty Fut look Weak for now.
Don't Know What to do Banknifty moving very fast: Follow us here for live Banknifty Trades with entry and exit'For feb expiry in comments section below.
“Do not trade every day of every year.”, Jesse Livermore
Especially as a new trader you are eager to be active in the market. You are looking for trades all of the time.
Remember that you don’t need to trade every day. And that it is even better not to trade a lot of times.
You need to learn not to force trades. Only pick the trades that you have the best odds to make money.
All the other trades will cost you a lot of time to prepare and a lot of stress when you’re in them. And they will never be the trades that will make you the big money.
Regards,
MD
עסקה פעילה:
Banknifty Fut Goes Long @ 37801
העסקה בוטלה באופן ידני:
Booked Banknifty Fut @ 38532 ( trade Closed)
הערה:
Banknifty Breaks Crucial Trend line Bulls Last hope BAnknifty Fut 37230 below that more weakness going Forward.
עסקה פעילה:
Banknifty Fut Goes Long @ 36795
העסקה בוטלה באופן ידני:
Banknifty Fut Booked Profit @ 37830 ( trade closed )
עסקה פעילה:
Banknifty Fut Goes Long @ 37620
