Bank Nifty for July 20th
Hi All, I am posting my own analysis here, please do your own analysis before taking any trades, my view can go wrong anytime.
As discussed yesterday, market has hit a resistance at 35546 and after good consolidation, has given an upmove at the end of the day.
View for tomorrow:
I can see a CUP and HANDLE pattern in the 15 minutes timeframe, so flat to Gap up opening and if market respects our trend line and sustaining above 35862, we can expect market to go up till 36454.
A gap down opening, 35546 and 35436 are immediate supports, need to check price action at these levels and take trades accordingly.
Quote of the Day: The biggest enemy for Trading lies nowhere but 'INSIDE' us. Unless and until we develop a probabilistic mindset and focus on our psychology, we cannot win in the market.
As discussed yesterday, market has hit a resistance at 35546 and after good consolidation, has given an upmove at the end of the day.
View for tomorrow:
I can see a CUP and HANDLE pattern in the 15 minutes timeframe, so flat to Gap up opening and if market respects our trend line and sustaining above 35862, we can expect market to go up till 36454.
A gap down opening, 35546 and 35436 are immediate supports, need to check price action at these levels and take trades accordingly.
Quote of the Day: The biggest enemy for Trading lies nowhere but 'INSIDE' us. Unless and until we develop a probabilistic mindset and focus on our psychology, we cannot win in the market.
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