Bank Nifty 16TH February-22ND February 2018 Analysis

Bank Nifty for the 3rd week, we have closed negative from the budget event

We have down around 2000 points this month expiry

Last week to the expiry

Our levels remain the same from the last week

As per our last week article, anything below 25350 levels, Bears will have control, probability on higher side for monthly low on cards

One trivia – consecutive 4 weeks downside, we have not witnessed till date after the weekly expiry introduction from June 2016

But market definition is “expect the unexpected “

 

Next support to watch for next few weeks – 25050-24820-24660-24330-23820

Resistance levels to watch- 25600-25730-26150-26450-26880

 

If, markets don’t fall below 25350, for the coming 5 days we can see market crawling back some lost ground, maybe up to 25730-26150 levels

Anything above that requires something magic from the domestic good news and global positive rebound

But however with Biggest BANK SCAM, markets are not falling below 25350 for next 5 days, that shows there is something smart money knows which we don’t know .time will tell

Always on downside, bulls test bears for a long time till bears turns mildly bullish, and bulls turns ultra bearish

For traders, it will always be risk management we should look into first, and then comes the price, volume and time analysis

Get ready for another volatile week ahead

 

In volatile markets, traders need to be fast in getting in and out; few minutes will destroy all the gains of week and months

 

Should be flexible is the mantra in volatile market on both sides

With predetermined risk levels and probable and realistic return expectations

Trade from savings money

Trade with predetermined mindset, that each minute is unique

Be ready for the pain point

I and you shall work towards better execution of our trading plan

All the best

Sagar U.S

 

Published by

Sagar U.S

Have all human nature like greed, fear, love, passion, compassion, but the latter qualities are my strength. Mission to create 1 Million Entrepreneurs !

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.