Bank Nifty anlaysis for: 23 Oct
Previous close = 51,257
Last Day High = 52,257
If Breaks: 51,351
Resistance level: 51,408 > 51,481 > 51,501 > 51,558 > 51,599 > 51,631 > 51,679 > 51,736 > 51,773 > 51,802 > 51,852 > 51,878 > 51,912 > 51,953 > 52,005/26
52,071 > 52,099 > 52,156 > 52,215 > 52,268
Last Day Low = 51,179
If Breaks: 51,200
Support levels: 51,106 > 51,068 > 51,002 > 50,954 > 50,896 > 50,820 > 50,768 > 50,702 > 50,602
Comment: Analysis accuracy : 100%
Market went up and took resistance at 51,551
Market went down and took support at 51,107
My P&L : -25000 Loss
Comment: Initially I got a profit of around 8000 but did not book the profit. Later makent went sideways and I did over trading and took many Stop loss
and ended up making loss one after another.