BankNifty Levels on Weekly front it made good expansion of 1600 points
Week High 46369
Week Low 44695
While closing on Daily timeframe friday it made a bearish bar since it made a good expansion last week expecting it to consolidate in last weeks range until proven otherwise.
Market Structure is still bullish Important areas for Monday are 46350 and 45950 any breakout and sustains of these levels will fetch 300 points.(Play reversal in between range also a scenarion to consider)
Upside Targets above 46350
46500,46750,46800
Downside Targets Below 45950
45800.45650,45500
Week High 46369
Week Low 44695
While closing on Daily timeframe friday it made a bearish bar since it made a good expansion last week expecting it to consolidate in last weeks range until proven otherwise.
Market Structure is still bullish Important areas for Monday are 46350 and 45950 any breakout and sustains of these levels will fetch 300 points.(Play reversal in between range also a scenarion to consider)
Upside Targets above 46350
46500,46750,46800
Downside Targets Below 45950
45800.45650,45500
Comment:
No trade today still in range
Comment:
For tuesday this range is crucial
Comment:
Tuesday Levels
46100 Above Long Stoploss 45950
Targets 46200,46250,46300
45850 Below Short Stop loss 45950
Targets 45700,45650,45550
46100 Above Long Stoploss 45950
Targets 46200,46250,46300
45850 Below Short Stop loss 45950
Targets 45700,45650,45550
Comment:
Comment:
45850 below Target one achieved
Comment:
Target two Done
Comment:
Comment:
Banknifty took support at second target reversed from there
Comment:
Wednesday Levels
45950 above Long Stoploss 45845
Targets 46150,46250,46300,46350
45650 Below Short Stop loss 45730
Targets 45500,45400,45350
45950 above Long Stoploss 45845
Targets 46150,46250,46300,46350
45650 Below Short Stop loss 45730
Targets 45500,45400,45350
Comment:
(If you find any reversal pattern in case flat open at today close area that is 45900 area one can look for shorting option Target till 45650 with negative price action on 45900 area )
Comment:
Carefull banknifty in narrow range as of now very crucial area both buyers are sellers are strong here wait for direction
Comment:
45900-46000 Area
Comment:
Took a small scalp till dayhigh target ,this i'm posting for learning price aciton
Comment:
Tough day today only few scalps
Comment:
For expiry breakout or breakdown of below marked box will give nice move
Trade active:
Trade closed: target reached:
Comment:
Below 45922 as mentioned all targets acheived
Comment:
5 Mins time frame chart double top at resistacne break of swing low entry rest is smooth fall i booked only half the way at 46000 ,it fell more than i expected
Comment:
For Friday levels
45920 above long
Targets 46150,46250,46300
45500 Below Short
Targets 45325,45200,45100
Play the reversal if stays in range marked in box
45920 above long
Targets 46150,46250,46300
45500 Below Short
Targets 45325,45200,45100
Play the reversal if stays in range marked in box
Trade active:
Trade active:
100 Points down from entry one can bring it break even if don't want to risk or book profits
Comment:
Trade closed: target reached:
250 Points
Comment:
Closing this idea here will come up with new for Next week
Thank you who ever liked the Idea
Thank you who ever liked the Idea