The Rich Money TraderπŸ”₯
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NSE certified - Equity and Derivatives.
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Stop loss hit. Will cover this loss by selling some puts. Most probably aaj ka din no loss no profits.
Banknifty seems bearish to consolidated. Resistance - 45800 - 4600 .
Agar isko jb tk nai thodta tb tk Bullishness strong nai hoga.
Can expect movements after 1pm.
Banknifty 1D timeframe. Major support @ 44300 level. Also it is the neck line of the head & shoulder pattern.
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If this breaks then we can expect bearish move nai toh chances hai yaha se reversal karega
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This is the explanation of how I read the price just according to the supply and demand.
Date - 4th Nov Tuesday
Part 1
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