iamvaibhavkr

BANKNIFTY THE BEGINNING OF DOWNFALL

Short
NSE:BANKNIFTY   NIFTY BANK
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As it can be seen that a exhaustion gap is formed in bank nifty with rising volumes which is a confirmation of exhaustion gap and also the confirmation of coming downfall. So now banknifty will first fill its gap by coming at 20200 and once if it breaks below these levels you can expect a major downfall. The main reason why I am expecting downfall is firstly because of the negativity shown in charts and the events which are going to happen in the next few months like UP ELECTIONS, GST , BREXIT which will definitely create panic in market. So traders & investors please make sure to put your hard earned money on the long side.

Comments

this move was a one-off move majorly due to hdfc bank and consequentially bnf..best trade to be taken was on friday,.i.e shorting both bnf and hdfc,holding onto it for monday..and i am still of the view that bulls are still under control..look at the advance decline ratio for hints.
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iamvaibhavkr AbhishekHiremath
@AbhishekHiremath, okay let's see on Monday how market reacts. I am expecting a neutral to negative market on Monday.
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kacharts iamvaibhavkr
@iamvaibhavkr, bnf 20800 ,, not here to prove who is right or wrong but i have been in market from 2007 lost crores made crores. did each and every analysis. at the end i found only one theory . just trade with trend and yes i also dnt trade naked as u never now when things suddenly change like it happened on surgical strike day, lemme tell u what all made me say bnf will not fall. 4 heavy weight of bnf- hdfcbank(extremly positive , no sign of sell i bought a day before the news was announced infact bought calls at 6 sold at 70, can upload contract note also if anyone ask;-), sbin was at very strong support as well as good sets of no, axis (very strong as well as positive consolidation anytime breakout i can show this also was holding 4 lot future at 485, kotak (still holding from 795 believe to hit 820 soon)ab bacha icici bhai 282 ke upar super bullish h wo kal dikh jayega.. so ultimately kaun girayega bnf ko jab inke 4 anmol ratan itne mood me h accha wo choro yes aur indusind to pehle se hi pagal h . thats why i was buy on bnf and yes i will trail my sl to 20700 target will b 21500 still.
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kacharts iamvaibhavkr
@iamvaibhavkr, and yes trust me m hungry for knoledge not here to show m superior , just posted my view , and i maybe completly wrong as sabki apni apni choice hoti h
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@kacharts, i have already told in previous comment that every trader/ investor has different point of view. You have far more experience than me and I really respect your point of view. Here one buys and another sells and they both think they are smart but actually market is more smart than them. And we are just a tiny drop in ocean . we can only predict the market direction but the people on the top level creates the direction. so lets see where market goes. and finally I am still negative on the market I think this rally is a trap.
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If one is a day trader, even then keep the daily and weekly charts in mind before trading...It definitely helps. Else will end up in tiny trades and find no big profits...
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iamvaibhavkr TusharDave
@TusharDave, yes right analysis on different time frames is must.
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ultimate analysis is trend . trend is uptrend ( short term, medium term, or long term), just buy on each dip nd have patience
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@kacharts, exactly trend is your friend . if you want to buy on dip then put a stop loss also otherwise the dip will keep on going
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bhagwan karein gir jaye .
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