#banknifty analysis for 1st July'2021 #expiry
Range-Bound with volatile moves, it's tough to trade. The structure is still positive, expect a range round expiry, until 34,600 to 35,400 range breaks.
Decision Zone: - 34,830 - 34,860 (above +ve & below -ve)
Decision Points :- Important reaction points, which price reacting to movements are 34,357 / 34,653 / 34,874/ 35,095 / 35,410 / 35,647 / 35,810
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.
Regards,
SG
#elliottwave #nse # nifty #banknifty
Range-Bound with volatile moves, it's tough to trade. The structure is still positive, expect a range round expiry, until 34,600 to 35,400 range breaks.
Decision Zone: - 34,830 - 34,860 (above +ve & below -ve)
Decision Points :- Important reaction points, which price reacting to movements are 34,357 / 34,653 / 34,874/ 35,095 / 35,410 / 35,647 / 35,810
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.
Regards,
SG
#elliottwave #nse # nifty #banknifty
