Bank Nifty anlaysis for: 24 Oct
Previous close = 51,239
Last Day High = 51,551
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 = 51,107
If Breaks: 51,198
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: 51,781 | > 51,773 > 51,802 >
Market went down and took support at: 51,201
My P&L : -5,428.50 Loss
Comment: I got late after market had moved. Entered the market when it was kind of sidways and took multple stop loss and finall was more than 10,000.
Later managed go capture some points and reduced the loss to 5428.