Expiry Special Analysis for 7th Jan'2021.

#banknifty #expiry special 7th Jan'2021

Decision Zone:- 31,765 - 31,786

Resistance :- 31,865 - 31,909 & Support :- 31,510 - 31,548

Two types of movement are expected one is range bound and the other is breakout trades.

Upper Targets:- 31,891 / 32,126 / 32,272 / 32,382 / 32,507

Lower Targets: 31,655 / 31,510 / 31, 350 / 31,257 / 31,100

Positional selling below 30,912 only.

Larger TF analysis:-

One of the best forms of PA action is not to predict but to act on the price, chart tells you where, when & how to act on price. Wait for the decision points on the chart to act else don't trade.

E.g. One of the important DP is the weekly low, if the weekly low is broken, then only you will 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