SUPPORT AND RESISTANCE FOE 11 MAY 2021
support and resistance analysis for 11 may 2021
previous day open 33175
previous day close 33142
previous day high 33297
previous day low 33028
support for tommorrow 32,226, 32,800
resistance for tommorrow 33,350, 33,829
IF MARKET GOES ABOVE 33200 AND SUSTAINE THEIR THEN WE CAN SE AN UP SIDE MOVE AND IF IT GOES BELOW 33100 AND SUSTAIN THEIR THEN WE CAN SE AN DOWNSIDE MOVE
MARKET CAN BECOME VOLATILE ALSO BEAUSE THERE IS CONSOLIDATION GOING IN MARKET . THE SELLERS GAME IS ON IN THE MARKET
Wait for breakout or breakdown of support or resistance or treadline
In candlestics look for pin bar or hammer or inside candle in support and resistance area
Alawys remember to use stop loss while trading.
Never trade with frustrated mind.
Do be to gready.
Always use proper money management.
And never trade with money you cant effort to lose.
ALWAYS REMEMBER INVESTING/TRADING IS BUSINESS WHERE U GET PAID FOR BEING PATIENT
BANKNIFTY
previous day open 33175
previous day close 33142
previous day high 33297
previous day low 33028
support for tommorrow 32,226, 32,800
resistance for tommorrow 33,350, 33,829
IF MARKET GOES ABOVE 33200 AND SUSTAINE THEIR THEN WE CAN SE AN UP SIDE MOVE AND IF IT GOES BELOW 33100 AND SUSTAIN THEIR THEN WE CAN SE AN DOWNSIDE MOVE
MARKET CAN BECOME VOLATILE ALSO BEAUSE THERE IS CONSOLIDATION GOING IN MARKET . THE SELLERS GAME IS ON IN THE MARKET
Wait for breakout or breakdown of support or resistance or treadline
In candlestics look for pin bar or hammer or inside candle in support and resistance area
Alawys remember to use stop loss while trading.
Never trade with frustrated mind.
Do be to gready.
Always use proper money management.
And never trade with money you cant effort to lose.
ALWAYS REMEMBER INVESTING/TRADING IS BUSINESS WHERE U GET PAID FOR BEING PATIENT
BANKNIFTY
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