Blasting analysis for Banknifty for tomorrow (06-02-2023)
For Not only monday if market follows my path in this week then try to trade according to my analysis.
if market opens tomorrow gap-down or flat and start selling then wait for near 41000 level which is the first demand zone of my chart. After that wait for mkt to make higher highs then buy target till 42000. If market breaks the first demand zone then wait for the second and third demand zone if higher high forms then go only long don't short the market because market is bullish in lower timeframe, so beware of that.
Summary:-
Important SUPPORT:- 41000
Important RESISTANCE :- 42000
other levels are in the charts. Now i started putting oi data in the chart. But remember oi data can be changed because of any news or any level just use it as a reference.
TIPS FOR THE DAY:- NEVER TRADE ON ANY NEWS BECAUSE IT IS INJURIOUS TO YOUR ACCOUNT 🤣🤣
Disclaimer: This is for informational purposes only. It is not intended to be a solicitation or an offer to buy or sell any security or instrument or to participate in any particular trading strategy. The views and opinions expressed here are personal. The information contained here has been obtained from sources believed to be reliable but is not necessarily complete, and its accuracy cannot be guaranteed. I may have positions in the securities or instruments shared as ideas. Do your own research OR consult a financial advisor for personalized investment advice.
if market opens tomorrow gap-down or flat and start selling then wait for near 41000 level which is the first demand zone of my chart. After that wait for mkt to make higher highs then buy target till 42000. If market breaks the first demand zone then wait for the second and third demand zone if higher high forms then go only long don't short the market because market is bullish in lower timeframe, so beware of that.
Summary:-
Important SUPPORT:- 41000
Important RESISTANCE :- 42000
other levels are in the charts. Now i started putting oi data in the chart. But remember oi data can be changed because of any news or any level just use it as a reference.
TIPS FOR THE DAY:- NEVER TRADE ON ANY NEWS BECAUSE IT IS INJURIOUS TO YOUR ACCOUNT 🤣🤣
Disclaimer: This is for informational purposes only. It is not intended to be a solicitation or an offer to buy or sell any security or instrument or to participate in any particular trading strategy. The views and opinions expressed here are personal. The information contained here has been obtained from sources believed to be reliable but is not necessarily complete, and its accuracy cannot be guaranteed. I may have positions in the securities or instruments shared as ideas. Do your own research OR consult a financial advisor for personalized investment advice.
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