*educational purpose only*
this is the hourly chart of bank nifty futures
ltp: 38085
support: 37775
resistance: 38500 / 39000
the levels are almost the same as yesterday. the markets are range bound and volatile but I get nervous looking at the indicators because they are not as strong as they should be.
I am not saying that bank nifty futures won't go up, they may because of the budget but what I am trying to point out here is that the bank nifty futures lack strength. the prices may rise but that doesn't assure that they will sustain.
my trading advise remains the same: swing trade on strictly intraday basis
this is the hourly chart of bank nifty futures
ltp: 38085
support: 37775
resistance: 38500 / 39000
the levels are almost the same as yesterday. the markets are range bound and volatile but I get nervous looking at the indicators because they are not as strong as they should be.
I am not saying that bank nifty futures won't go up, they may because of the budget but what I am trying to point out here is that the bank nifty futures lack strength. the prices may rise but that doesn't assure that they will sustain.
my trading advise remains the same: swing trade on strictly intraday basis
Note
waterfall, anyone?
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.