Bank Nifty Channel Break Up & Go long with limited risk

Oct 8, 2017

Bank Nifty perform channel break up, we can continue to set new long position on or above Classical support & resistance zone "CSR" at 24441 (250 points) OR Maximum Target 24849 (660 points) from CMP (24190).

Take long position for small time frame with limited risk due to geopolitical tension, Domestic trigger and stock results season.

If we are trend and chart follower, there is two patterns are Head & Shoulders which is break neck line at csr level 24441, another one Double Top which is hold neck line and trade above that means range bound (23900-24500). So Hold tight with as per your money management rule.

For New short position, we need to wait for one month and price will update based on market situation.

Spot Bank Nifty Support & resistance Levels:
R1 R2 R3 R4 R5 R6 R7 R8
24232.27 24285.48 24371.60 24457.72 24510.93 24597.05 24736.38 24822.50

S1 S2 S3 S4 S5 S6 S7 S8
24060.03 24006.82 23920.70 23834.58 23781.37 23695.25 23555.92 23469.80
-------------------------------------------------
Spot Nifty Support & resistance levels:
R1 R2 R3 R4 R5 R6 R7 R8
9993.32 10030.42 10090.47 10150.52 10187.62 10247.67 10344.82 10404.87

S1 S2 S3 S4 S5 S6 S7 S8
9873.22 9836.12 9776.07 9716.02 9678.92 9618.87 9521.72 9461.67



Cheers!

Oct 9, 2017

Trade active

Oct 9, 2017

Note

BN@24260-280

Oct 9, 2017

Trade active

Oct 9, 2017

Trade active

Future banknifty Active @24280-290 Stop loss 24230 tgt 24450-660-780

Oct 10, 2017

Trade closed manually

Fut BN book full profit 2 24340-350

Spot book @ 24330-350

Oct 11, 2017

Note

Might be Strong up side...at the end of day or tomorrow..entry price will update..

Oct 11, 2017

Note

what a moment...24441..and sudden down..

Oct 11, 2017

Note

Since y'day i m watching very close why price not rise with respect volume ...something is there..so exit long position. three times missed this opportunities (booked small profit), need focus and learn more for best action.

Oct 13, 2017

Note

Alert: Banknifty & nifty will retrace

Oct 16, 2017

Note

Banknifty Spot Levels:

R1 R2 R3 R4 R5 R6 R7 R8
24769 24861 25011 25161 25253 25403 25645 25795

S1 S2 S3 S4 S5 S6 S7 S8
24469 24377 24227 24077 23985 23835 23593 23443


Banknifty Fut Levels:

R1 R2 R3 R4 R5 R6 R7 R8
24795 24888 25037 25187 25280 25429 25672 25821

S1 S2 S3 S4 S5 S6 S7 S8
24496 24403 24253 24104 24011 23861 23619 23469

----------------------
Nifty Spot levels:

R1 R2 R3 R4 R5 R6 R7 R8
10187 10204 10232 10259 10276 10303 10348 10375

S1 S2 S3 S4 S5 S6 S7 S8
10132 10115 10088 10061 10044 10016 9972 9944

Nifty Fut Levels:
R1 R2 R3 R4 R5 R6 R7 R8
10215 10239 10278 10317 10342 10381 10444 10483

S1 S2 S3 S4 S5 S6 S7 S8
10137 10113 10074 10035 10011 9972 9909 9870

Note: Market getting strength continue long with SL. Fut target approximate 28350-29600, shortly will share next analysis.

thanks.

Oct 16, 2017

Note

If break down CSR be alert and cut long position. Mostly hold that level, fast upside for next new tgt and new high.

Oct 25, 2017

Note

BankNifty:: If not sustain breakout level, might be follow channel 23800-25000, there is more possibilities for fake brkout. ..

R1 R2 R3 R4
25150 25434 25893 26353

S1 S2 S3 S4
24231 23947 23487 23028

Note: buy-sell its ur choice.( due to outstation, unable to updates)

Oct 25, 2017

Note

R1 R2 R3 R4
25118 25246 25453 25660

S1 S2 S3 S4
24703 24575 24368 24161

Nov 3, 2017

Note

If today or next day banknifty level 25550-580 failed confirm for short, here small range either upside or downside. Watch for confirmation

R1 R2 R3 R4
25579 25760 26052 26344

S1 S2 S3 S4
24994 24813 24521 24228

Nov 6, 2017

Trade closed: target reached

Pls Close Long position @ 25580-25700

Nov 6, 2017

Note

Shortly will publish new idea..

Nov 6, 2017

Trade closed: target reached

Pls colse Nifty long position @ 10380-497

Here possibility for both index time consuming or reversal