#BANKNIFTY Short Term Positional View #delta update

28 Eyl 2021

BankNifty should take support from 10 DMA at 37,537 for a target of 38,138 to 38,562


Don't listen to anyone, as long as 36,500 holds in the market, the medium-term trend is up and every dip has to be used to get it, with SL of 36,000 on a closing basis.

My heart is saying fall, but my brain is saying where are you seeing fall!!!


E.g. One of the important DP is the weekly low, if the weekly low is broken, then only you will be short else you won't.

John Maynard Keynes said, “the markets can remain irrational longer than you can remain solvent.” So be cautious and flexible as market conditions evolve.

Always trade what you see, never trade what you feel. Make this a habit, you won't be requiring any seminar, webinar, or mentor, you will be self-sufficient.

Regards,
SG

Note:- Last night analysis, I have wrongly counted waves, corrected it today