09SEP-Banknifty trading view

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BANKNIFTY another interesting study. we may use this channel for the next few trading sessions. channel support comes near 19950 zones.
respected the upper channel line for multiple candles. looks like a good shorting idea below 20230 spot.
If you add Trend based Fib-Time, you see in your hourly chart after 3 candle there may be a clear trend after 6 consolidated candle. i think one must wait for 3 Candle to form. I think Upper side in BankNIFTY Fut. 19921-19984, Zone will be Very much Strong, then 20016, as well as in Down side 19761-19711 Very much Crucial. Fall below 19711 may dip to 19659 even 19502.
PowerTrades sankarghatak
Agreed, 19950-20020 zone is the one trading below which we should look for a short and a low risk reversal above. On the downside if you see trend line support comes at 19600 levels. would expect volatility to stabilize over the next few days and hence may largely remain within this range too.
sankarghatak PowerTrades
Asia Close MIX: Shanghai Composite: 1.53(0.05%), Nikkei: 56.12(0.34%), Hangseng: -74.84 (-0.32%), Jakarta: -66.35 (1.26%),. Europe Closed Negative: FTSE100: 6,665.63
(Crucial Level) -35.27 (-0.53%), DAX: -45.17 (-0.43%), CAC 40: -52.62 (-1.19%), TILL NOW USA In -VE more than 1%. DOW: -240.3 (-1.31%), NASDAQ: -65.8 (-1.27%), S&P500: -31.6 (-1.45%), NIKKEI Future Traded -210 (-1.24%). CONCLUSION If this trend continues Opening of INDIAN MARKET (NSE & BSE) also in GAP DOWN.
Who Drag Indian market i think Banks Also who safe IT.
very very nice calculation
Thanks a ton :)
This looks to be on a roll. Look out for a test of 19950-20020 zones on the spot. If that breaches there is a chance to test the mean line zone. A prudent advice would be to adjust the hedges near 20K levels if touched
gud idea
Thanks , worked well so far, a good idea at this point (1.3% down) will be to introduce a covered hedge.
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