AbhishekHSinghCMT
Long

Bank Nifty - Can Bull Race Start Above 26225 - Feelo!

NSE:BANKNIFTY   NIFTY BANK
14:25 Hrs - 27th June 2018
Last Price @26375


Feelo or Filo ( First In - Last Out)

Filo (First In -Last Out) - tweaked from its originals as FIFO(First In-First Out) & LIFO (Last In - Last Out) accounting principles- most of us are aware of this concept.


* FILO - applicable to Risk Takers

As one colleague puts in last update - " Darr ke aage - jeet hai" - "Beyond fear lies victory" - Remember Mountain Dew Ad

Important Levels

Key Level - 26225
Critical Level - 25980


Last update - BJP calls for Gartley alliance at 26225

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Review
BN pushed upside to 26800 & back to 26338 -an exciting journey . Falls from zone 26800-26810 which was important zone as mentioned in the last update.

10:25 Hrs - 26th June 2018
Turning upside from 26480



12:35 Hrs - 26th June 2018
Intraday Halt at 26710



13:35 Hrs 26th June 2018
Bank Nifty Falllllllllls from 26710 to 26545 - Expect a bounce if 26500 holds downside



15:08 Hrs 26th June 2018
Bank Nifty Bounced as expected holding 26500 downside & we exited at 26625 -26650 - Out for the day.



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Trading Strategy - What Next?

As suggested 26225 -is the key level or Gartley alliance level from last update. Soon we would start bull race if 26225 is intact downside with 25980 as critical support level .
If not started soon -likely to start in few days next if 25980 intact downside

Risk Takers
They can plan their trades keeping in mind key / critical level as mentioned above.

Safe Traders
If Market joins the bull race above 26400 on sustained basis ( moving above 26400 & holding above 26400) - Why you should be left behind. Join them & Be Happy!

Upside target - 26700 - 26800 Above 26820 - Can it be up - up & away


I would love to hear your comments about markets & specially about " Darr ke aage Jeet Hai"

Plan your trades taking care of risk management which is very important element






Trade active: 12:22 Hrs 28th June 2018

Last Price@26300

Two Times It stopped in 26470-26480 zone on upside & slipped. 26470-26480 has formed next resistance for upside move.
Trade closed manually: 10:45 Hrs - 12th July 2018

Last price@27110.

Thanks the update gets closed at 27165 Highs
Best Regards,
Abhishek H. Singh, CMT
​Growth Director - India
http://in.tradingview.com
| LinkedIn
India Markets-BSE, NSE chat room- https://in.tradingview.com/chat/#b4sFOMIVqPkq8gfQ
Congrats.
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I am also thinking the same.
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Could you please update TATAMOTORS post. it rapidly falling day by day. i want to know there are any chances to pull back for 10-15 points.
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thank you for posting your views .
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@UmeshMishra, Welcome!
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Very informative! I always enjoy reading, keep up the good work!!
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@rashmiCH, Thanks & Welcome!
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Your posts are always informative and interesting..Keep up the good work Sir!
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@aruntv2020, Thanks!
Reply
Very good analysis, presentation and guidance Sirji !! My thoughts concur with your analysis as well.
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