BankNifty has closed at 25120, after the earthquake in September, what to expect in October. If somebody knew it’s coming and somebody knows what’s coming it’s a “Joke ”
Even myself belong in somebody gang too!
What’s the plan for the month –
BNF Support now stands at 24950,24550,24110,23650
Resistance Stands at 25360-25540,25820-26060,26340-26660
Support and Resistance doesn’t hold when there is an earthquake & tsunami
Example- October Series
A lot of Fundamental news is turning bad for INDIA, From Oil to Currency, Fiscal Deficit to State Elections, Upcoming General elections to GST Collections, Inflation to Interest rates, Trump Midterm elections to Global Tensions and trade wars, Q3 results to Corporate Scams.
This Perceptions can change overnight – That’s a beauty of StockMarkets!
What’s my execution strategy
The trend is down – Don’t fight the trend – to identify, has the trend reversal now, is the clue need to be observed!BNF need to Cross “27480 ” and close for at least 2-3 weeks
What may also happen is markets may try to go up till 25820-26660-27000 and may reverse, it’s almost 6-8% move from today’s price
Or it can move further high and make all-time high, seeing that now the probability is lesser! Would not be surprised if markets make high only if crude falls and Modiji Popularity sustains to votes in the state election
what if on the downside – markets crash below 24330, it’s sooner or later it will try to break 23660, next stop is 22750
But move on downside and upside doesn’t happen according to our wish, the move would be surprised
Okay that was on trend analysis
Daily Plan changes from day to day which I would be sharing
All the Best and Trade from Savings money