Bank Nifty for July 25th

2022年7月24日

Hi All, Please do your own analysis before taking any trades, this is my own analysis as per my understanding. As usual Profit is yours, loss is also yours.

Important points:

1. Market is in an Uptrend and we will follow it, but if it cannot hold 36737 and starts trading below this level, a correction is possible till36454 to 36315 levels, because in my opinion market is going in a straight line on the upside which is not a good sign.

2. Also 37000 is a round level and 37272 is the immediate resistance above it, if the market crosses these 2 levels also then rally till 38000 is possible.

Flat to Gap up Opening: If market respects 36737 and 36811 levels, upside momentum till 37000 (round level) and 37272 is possible. If it opens Gap up, wait for a retracement till the below support levels i.e. 36737 and 36811 and trade accordingly

Gap Down opening: Market can come down till 36454 and then bounce back, but observe Price action, a Sharp selling is possible if Market breaks 36454, (it should not break this level as we are in an Uptrend)

Quote of the Day: Try and Fail, again Tried and Failed, no problem Try and FAil again and repeat the cycle, but dont FAIL to TRY, thats it, SUCCESS is just around the corner, our effort is all it matters.

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