Market Decoder
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STOCK MARKET| #NCFM _CERTIFIED_TECHNICAL ANALYST


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Bank Nifty resistance at 37160 & 37529
Huge Call writing at 37000 CE stopping the move at the moment
Monetary Policy started since 6 December, even before that till yesterday, FII's have been selling, almost 80000 crores for last 75 days
Let's wait for good clear trend and Enter in good stocks
BNF EWA View
Nifty closing above 17665 today(weekly) is important
For Continuing in Uptrend
Positional Call Excel Industries can be added cmp 882 , Target is huge hold for long term.
How to trade Descending Trendline
chart is not in good shape but risk is less , 64 is SL
Fundamentals seems fine for the company, Positional buy can be done.
Levels for tomorrow
This is the view on BNF, above cmp are the lines r Resistance levels
Photo from Naga Rajan
Nifty levels for the week, until the Resistance and Descending Trendline not broken Nifty ll remain Bearish. Selling pressure ll be seen.
Photo from Naga Rajan
BNF level perfection 👆 as predicted yesterday
NIFTY Exactly my Level and coming down
😊🙏