• Keep an eye on the downward sloping trendline (yellow) & upward sloping trendline (purple) and break of either with a solid confirmation will help us to go towards that direction.
Conclusion:
•BNF is more stronger than NF
•17150 has acted as a supported twice in the recent past.
• Closing above 18000 on daily might open the levels for 18300.
I regularly share weekly outlook on indices (NIFTY & BANKNIFTY) and many more threads on trading & finance
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A sound business will make money and hobbies will take money out of your pocket.
• Be thorough about your business
• Set realistic expectations
• Uncertainty is the part of the game
• Strategize to maximize your business's potential
2. Know yourself & your trading type:
• Intra-day trader: Entries & exits within the same day
• Swing trader: Involves holding positions over a period of days or weeks
• Positional trader: Trade lasting for several days or weeks even months
• Scalper: Quick entries and exits