0Hello Friends,
My topic is about psychological supports and Resistance in the price of securities or index.
As you know that per round figure price, there is psychological support or Resistance available in price to perform according to a respective action.
Round Numbers are like:
10, 20, 30, 40, 50, 60, 70,80, 90, 100, 110,......n
Here n= further 10 multipliers,
So,
As we will notice, if those types of price come to consideration, it will take support on certain round numbers without any other logic.
Like nifty = 12000 , 11000, 10,000 are main psychological resistance,.
And 8000, 7000, 6000 are psychological supports...
So, from those levels, nifty would be acted so well in bullish as well as the bearish market.
More details are being given in my class.
Thank You!
