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Daily support&resistan level for NIFTY& BANK NIFTY,with live guidance. Telegram id : @vinoth0212 *DISCLAIMER: I AM NOT SEBI REGISTERED ANALYST. All the views are for educational purpose only. Consult your financial advisor before investment.
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7 382
🚨BREAKING: President Trump spoke with Israeli Prime Minister Netanyahu today as the US prepares to resume bombing Iran, per WSJ.
The Trump Administration has also warned Arab Gulf states to prepare for a "short and intense" military campaign after the November 3rd Midterm elections.
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Today's premium call performance
Rs.3,835 /- profit per lot.
A good day for us! We traded only when the risk-reward favoured us, stayed patient, and let the market come to our levels before entering.
Consistency + Discipline = Profitability.
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7 382
As expected, both Nifty and Bank Nifty witnessed a decent recovery from their respective support zones.
🎯 This is why we don't need to trade every market move. Let the market come to your levels, assess the risk-reward, and enter only when the opportunity is favourable.
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📊 NIFTY & BANK NIFTY: KEY SUPPORT ZONES!
📉 NIFTY: 23,000 is the crucial support.
🏦 BANK NIFTY: Today's low is the immediate support zone around 54,580.
🔴 If both indices break and sustain below these supports, we could see the next leg of selling.
🟢 If these supports hold, expect a potential reversal and recovery.
⚠️ Watch both levels closely. Wait for confirmation before taking positions.
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📊 NIFTY: RALLY FOLLOWED BY CONSOLIDATION!
After a smooth rally, Nifty has been consolidating in a tight range for over an hour.
Over the past few sessions, we've repeatedly seen sharp rallies followed by consolidation, trapping both bulls and bears.
⚠️ Based on this pattern, it's better to avoid overtrading from here. Don't chase every move.
🛡 Protect your profits and capital. Trade responsibly!
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Nifty reached 23080 resistance. Next major resistance at 23175.
Next leg of bull run when nifty sustains above 23080.
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Within a short span, the market has trapped both bullish and bearish traders with sharp reversals in both directions.
📉 This is not an ideal market for aggressive trading or overtrading.
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Nifty witnessed strong selling pressure near the 23,000 resistance zone, forming a shooting star-like candle pattern with a long upper wick.
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Fresh long opportunity only when nifty break and sustains above 23,000.
Until then avoid fresh longs.
