Disclaimer
There is a very high degree of risk involved in trading. Past results are not indicative of future returns.
Short Video
The current fall looks very sharp & nature of X-wave from wave analysis perspective & as suggested if 42400-42500 holds then bounce can be expected upside towards 42800 / above 42800 to 43100-43200 / above 43200 for highs of 43500 back
Once it falls below 42298 - current day, it can attempt 41597 lows as per Plan-D from last move / idea for 2022.
Thanks for watching.
There is a very high degree of risk involved in trading. Past results are not indicative of future returns.
Short Video
The current fall looks very sharp & nature of X-wave from wave analysis perspective & as suggested if 42400-42500 holds then bounce can be expected upside towards 42800 / above 42800 to 43100-43200 / above 43200 for highs of 43500 back
Once it falls below 42298 - current day, it can attempt 41597 lows as per Plan-D from last move / idea for 2022.
Thanks for watching.
Trade active:
10:20 AM / 6th Jan 2023
Last @ 42325
Index is in complex correction & it will do ups & downs several times + you have to take care as suggested that every upside bounce selling will be coming. This zone 42400-42500 is important with +/- 100 points on either direction
that means 42300 which is 100 points below & 42600 which is +100 points above the range 42400-42500 are most important levels & Index will move in respective direction -if holds
Last @ 42325
Index is in complex correction & it will do ups & downs several times + you have to take care as suggested that every upside bounce selling will be coming. This zone 42400-42500 is important with +/- 100 points on either direction
that means 42300 which is 100 points below & 42600 which is +100 points above the range 42400-42500 are most important levels & Index will move in respective direction -if holds
Comment:
12:13 PM / 6th Jan 2023
Last - 42308
To avoid any surprises traders have to take position next either above 42375 or going below 42300 this time can be sharp move downside testing 41900-41950 minor support zone
Last - 42308
To avoid any surprises traders have to take position next either above 42375 or going below 42300 this time can be sharp move downside testing 41900-41950 minor support zone
Trade closed manually:
12:31 PM / 6th Jan 2023
Last - 42232
Dropped to 42193 . Kindly manage the risk & trade carefully. Thank you
Last - 42232
Dropped to 42193 . Kindly manage the risk & trade carefully. Thank you
Trade closed manually:
1:36 PM / 6th Jan 2023
Last @ 41971
Day Low @ 41916 ----------Index slipped to 41900 -41950 zone as suggested an hour back. Thank you
Last Picture of the Day for BankNifty.
Last @ 41971
Day Low @ 41916 ----------Index slipped to 41900 -41950 zone as suggested an hour back. Thank you
Last Picture of the Day for BankNifty.
Best Regards,
Abhishek H. Singh
Growth Director - TradingView India
YouTube Channel www.youtube.com/channel/UCYcnYveYBNLD-Qp54hvZogw
Twitter Handle
twitter.com/TalksWave
Telegram Handle
(Deleted)
Abhishek H. Singh
Growth Director - TradingView India
YouTube Channel www.youtube.com/channel/UCYcnYveYBNLD-Qp54hvZogw
Twitter Handle
twitter.com/TalksWave
Telegram Handle
(Deleted)
Last @ 42350
Traders's emotions will get tested close to 42300 downside & 42600 upside as suggested in the last comment above.