Hi, I do daily chart analysis for NIFTY and BNF both with intraday levels.
I post BEFORE and AFTER both pictures so that we can compare if the level were good for the day or not. by doing this slowly day by day we improve chart reading skills.
I do not provide any trading recommendations, just sharing my levels so if someone can benefit from it then it’s good, if someone finds levels not good, can suggest correction. This is purely for learning and educational purpose.
BLACK LINES are Previous Day High and Previous Day Low.
Zone/BOX is the important level, above the level i see Index as Bullish and below the BOX level it's in Bearish territory for me.
You can Go long if you see Index taking support at/near any level and you can go Short if you see it taking resistance at/near any of the levels.
I post BEFORE and AFTER both pictures so that we can compare if the level were good for the day or not. by doing this slowly day by day we improve chart reading skills.
I do not provide any trading recommendations, just sharing my levels so if someone can benefit from it then it’s good, if someone finds levels not good, can suggest correction. This is purely for learning and educational purpose.
BLACK LINES are Previous Day High and Previous Day Low.
Zone/BOX is the important level, above the level i see Index as Bullish and below the BOX level it's in Bearish territory for me.
You can Go long if you see Index taking support at/near any level and you can go Short if you see it taking resistance at/near any of the levels.