BankNifty Magic Number! Part 1-March 2020

BankNifty is trading at 23650 at 1.30 PM,16-03-2020 .

Disclaimer – This is for my educational Purpose !

Not a Recommendation,consult your Financial advisor

Derivatives is only for Professionals.

Trade only from Savings Money.

Now, My view ! I could be wrong,it’s not my opinion matters ,it’s market action.Period !

Magic Number is 24300-24500 ! Anything above this level and closes for a day to two,one more day as a buffer ,it’s a clue that bulls would recover from the massive onslaught.

From there where ? 25200-25900 ! From there where ? No body Knows !

Just to make my ego happy , let me say from 25900-27400-27700 !

Closing Basis is key !

Bears below 23350 on closing basis for 2-3 days would pull upto 22650!

Below 22650 for a week on a closing basis ,means they would slide upto 21500

21500- from there ?

Part 2 – To be continued !

Sagar U.S

Small aim is a Crime

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.