Bank Nifty - 14 June 23 - Closing Analysis & Important Levels
Hello Friends,
Let start our analysis of BN move based on pure price action and no indicators.
Since the breakdown move on 8th June, the market is within a trading range.
This trading range is getting tighter and tighter each day and therefore not tradable for option buyer's. Its a paradise for option sellers.
The only tradable set-up today was at opening when the price got rejected at levels of 44212.
After this wild move, the market was trading within a range of 90 points.
Traders will have to wait untill there is a breakout above 44200 or breakout below 43900.
Patience is the biggest virtue of a good trader.
Have a good day !!
Let start our analysis of BN move based on pure price action and no indicators.
Since the breakdown move on 8th June, the market is within a trading range.
This trading range is getting tighter and tighter each day and therefore not tradable for option buyer's. Its a paradise for option sellers.
The only tradable set-up today was at opening when the price got rejected at levels of 44212.
After this wild move, the market was trading within a range of 90 points.
Traders will have to wait untill there is a breakout above 44200 or breakout below 43900.
Patience is the biggest virtue of a good trader.
Have a good day !!
Thông báo miễn trừ trách nhiệm
Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.