Bank Nifty for July 19th
Hi All, as usual this is my own analysis which may go wrong anytime, please do your own analysis before taking any trades.
My view for tomorrow:
Flat to Gap Up Opening: Market has to decisively break and hold above 35384 and 35436 levels, then only an Upside move is possible. If it breaks these levels, wait for a retracement and then trade, if it faces strong resistance at this area, immediate support is at 35230. If market sustains above these levels, then it can go till35546 and 35862.
Gap Down opening: Market can get stuck in a range between 35230 and 35436, so trade only based on price action
Note: Market can confuse us tomorrow as it has already rallied a lot in the past few days, I suggest to trade with few lots and that too with strict stop loss. Always keep trailing your stop loss. Don't be greedy.
Quote of the Day: Trading without Stop Loss is SUICIDE. You CANNOT survive in the market without knowing how much you can risk, because TRADING is PROBABILITY not CERTAINTY. Any setup, any indicator, anything can go wrong ANYTIME. :):):)
Please reach out to me on 9989647590 for more updates.
My view for tomorrow:
Flat to Gap Up Opening: Market has to decisively break and hold above 35384 and 35436 levels, then only an Upside move is possible. If it breaks these levels, wait for a retracement and then trade, if it faces strong resistance at this area, immediate support is at 35230. If market sustains above these levels, then it can go till35546 and 35862.
Gap Down opening: Market can get stuck in a range between 35230 and 35436, so trade only based on price action
Note: Market can confuse us tomorrow as it has already rallied a lot in the past few days, I suggest to trade with few lots and that too with strict stop loss. Always keep trailing your stop loss. Don't be greedy.
Quote of the Day: Trading without Stop Loss is SUICIDE. You CANNOT survive in the market without knowing how much you can risk, because TRADING is PROBABILITY not CERTAINTY. Any setup, any indicator, anything can go wrong ANYTIME. :):):)
Please reach out to me on 9989647590 for more updates.
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