Yesterday was a good day for all traders who was a trend trader. We have seen huge buying momentum in all indian indices. Banknifty also has given significant move from bottom after 1pm. From global everywhere green green today, American Market also has given rally in yesterday session, just because of that our Market might be going to open in higher (Little Gap opening). What i think banknifty could also open somewhere 44255+, (it's just a guess) then may all people can start booking whoever was in hold since yesterday but there is a small resistance above at 44328, might be we can go to touch and reverse from there within half an hour. I think if profit booking start then we can definitely see some downside levels as today is nifty and banknifty expiry sharp rally could be expected. What i think apart from this may be one sell off (profit booking) can be seen at higher levels then banknifty can reverse till at support levels which is somewhere at 44048-44088 levels. If this area got sustain and we see some Hammer or double bottom kind of pattern in today's session then definitely one buying could be seen from there, and that will be perfect level to go long for the target of 44328/44457 levels. But if that area does not support then we can see levels for downside too like 43939/43713.
Note:- For Hero Zero Trade I will update this idea around 1-2pm, So c u guy's in 2nd Half. Till then Trade Carefully, And ty to trade in Next week expiry as today time decay will eat all premium, if there will not be trending market. And Always use stop loss.
If anyone likes my work then definitely like this idea and follow me for more updates and let me know your thoughts about this idea in comment box. Thankyou,
Regards Rahul Pal
Disclaimer:- I Might be wrong in this analysis, so please always do your own analysis or consult with your financial advisor before taking any kind of trades. It is just my view i might be wrong also. So please trade according to you.
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Hello the has come for hero zero trade
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banknifty 44100 pe buy at 30
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Chances are high for fall from here
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take banknifty 44700 Ce also for insurance type if something goes against us something should be for protect right now at 17
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Target for 44100 pe can be 55/80/125/175+
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if nothing works according to us then our insurance trade will become hero and that will protect us. for that target will be 40/65/95+
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NO stop loss in this trade as this is purely hero zero trade,,again i can be wrong because i am the only one here who saling market at all time time so trade carefully be hedge
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No moment come on let's fall or break 19000 above..
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Maza nahi aa rha hai
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market is bullish now our insurance call may be should do something
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but for now buy banknfity 44500 ce at 65 now
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target 100/150+
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keep stop loss 25
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stop loss hit
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not a good day,,better do not try more just 2 trades enough we will make someother day
hi Rahul you are not on Telegram where have you disappeared
TraderRahulPal
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@rohitiz man my telegram has been banned, I waiting to get it backed. I might gonna get it by tomorrow. I will resume everything from Monday. Sorry for inconvenience cause. Thankyou