Markets are highly oversold, A sizable Recovery is possible.
Updated
Good Morning Everyone.
Guy's we have seen follow up selling in last few day's, but i think there should be stop now for sometime. I am not exactly saying that bottom has been made, but as market are highly oversold, A Sizable recovery in definitely possible. And today we can see some buying from lower levels. In yesterday session we also have seen Nifty and Bank nifty has taken support and did not make any other new lows in downside. There is higher chances we can see upside momentum in today's session. Let's see how we are gonna to see today. We are gonna to sale Banknifty below only 42075. And then keep stop loss of our buying range and keep target atleast 1:1 or 1:2.
Important Levels for Banknifty:-
Intraday support zone 42000-42100
Intraday resistance zone 42700-42800
Buy above 42360 if levels sustains at least for 30 Mints.
Keep stop loss at 42075, and Targets we can see 42708/43116
Note:- These targets are for today and tomorrow. Don't expect in one day, in case these both targets comes today then enjoy it's a jackpot.
Note:- Always wait for the best entry or levels to execute trades. And always follow strict stop loss to save your capital from unexpected market direction.
Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades.
Dear traders, If you like my work then do not forget to hit like and follow me, and guy's let me know what do you think about this idea in comment box, i would be love to reply all of you guy's.
Thankyou
Guy's we have seen follow up selling in last few day's, but i think there should be stop now for sometime. I am not exactly saying that bottom has been made, but as market are highly oversold, A Sizable recovery in definitely possible. And today we can see some buying from lower levels. In yesterday session we also have seen Nifty and Bank nifty has taken support and did not make any other new lows in downside. There is higher chances we can see upside momentum in today's session. Let's see how we are gonna to see today. We are gonna to sale Banknifty below only 42075. And then keep stop loss of our buying range and keep target atleast 1:1 or 1:2.
Important Levels for Banknifty:-
Intraday support zone 42000-42100
Intraday resistance zone 42700-42800
Buy above 42360 if levels sustains at least for 30 Mints.
Keep stop loss at 42075, and Targets we can see 42708/43116
Note:- These targets are for today and tomorrow. Don't expect in one day, in case these both targets comes today then enjoy it's a jackpot.
Note:- Always wait for the best entry or levels to execute trades. And always follow strict stop loss to save your capital from unexpected market direction.
Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades.
Dear traders, If you like my work then do not forget to hit like and follow me, and guy's let me know what do you think about this idea in comment box, i would be love to reply all of you guy's.
Thankyou
Note
1st Target completed Note
Han to kya bolti Public,, All Targets Done right??
Rahul Pal (Indian Moderator)
(Full Time Trader & Investor)
Join Free telegram t.me/TraderRahulPal1
For Live Streaming join youtube.com/@realbullstrading26
Learning Stock Market and Trading Programmes.
Whatsapp:- 9560604457
(Full Time Trader & Investor)
Join Free telegram t.me/TraderRahulPal1
For Live Streaming join youtube.com/@realbullstrading26
Learning Stock Market and Trading Programmes.
Whatsapp:- 9560604457
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