#banknifty analysis for 13th July'2021
Period Simple DMA
MA20 35027
MA50 34512
MA100 34300
All short & medium term moving averages are bullish.
34,300 to 34,450 will act as strong demand zone.
34,800 area have multi top, which will going to act as resistance until we close above 36,000.
DP:- 35,084 (above +ve below -ve)
Decision Points :- Important reaction points, which price reacting to movements are 34,653 / 35,095 / 35,358 / 35,555 / 35,800 / 36,126 / 36,293-36,320
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
Period Simple DMA
MA20 35027
MA50 34512
MA100 34300
All short & medium term moving averages are bullish.
34,300 to 34,450 will act as strong demand zone.
34,800 area have multi top, which will going to act as resistance until we close above 36,000.
DP:- 35,084 (above +ve below -ve)
Decision Points :- Important reaction points, which price reacting to movements are 34,653 / 35,095 / 35,358 / 35,555 / 35,800 / 36,126 / 36,293-36,320
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
