Bank Nifty for July 11th
Note: Views provided are purely for understanding the behavior of the market, I am not responsible for the trades taken based on this analysis.
Update on July8th Analysis: As updated, despite of a big Gap up opening, market is unable to sustain and came down slowly and in the end, a slight pull back, so its a sideways to volatile market only
Todays high (35262) and Low (34992) are very important. Market has to decisively break any of these levels and has to take a direction, until then it will be sideways or volatile market only, so be cautious with option buying.
Also please check all the support and resistance lines and how the market reacts at those points. There is a trendline also that is running in between, please make a note of the same.
Quote of the Day: Money only makes Money in the market, so if your entire Money is finished, you are finished :) :):)
Msg me on 'nine nine eight nine six four seven five nine zero' for ideas on how to trade only with Rules, no chart analysis, no indicators, only RULES.
Update on July8th Analysis: As updated, despite of a big Gap up opening, market is unable to sustain and came down slowly and in the end, a slight pull back, so its a sideways to volatile market only
Todays high (35262) and Low (34992) are very important. Market has to decisively break any of these levels and has to take a direction, until then it will be sideways or volatile market only, so be cautious with option buying.
Also please check all the support and resistance lines and how the market reacts at those points. There is a trendline also that is running in between, please make a note of the same.
Quote of the Day: Money only makes Money in the market, so if your entire Money is finished, you are finished :) :):)
Msg me on 'nine nine eight nine six four seven five nine zero' for ideas on how to trade only with Rules, no chart analysis, no indicators, only RULES.
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