BankNifty Prediction for 9th of March

Updated

I had made this Chart around 2.30pm. yesterday. but got lil late to post coz of fast movement.
As we can see on the chart that a Pullback has already started. Now Here the question is that, This up-move will continue till which level ?

So, i study and found some possible levels of BNF's movement for tomorrow session. see the chart for Targets as well as Support & resistance that are mentioned there too.

There are two Resistance, First after Target 2 and Second after Target 3 (the stronger one).

Target 1 can be a Reversal level too.

Note

BNF trading in sideways.
Support 33000-32950 if break then 32800-600

Note

First Target has been Achieved. it was the Big Move.
Trailing SL with 70-100 points Margin.
Be Careful, it can be a Reversal point too.
Continuation only be Consider if close above @33580

Note

Quick Ride To Target 2

Note

Target 2 @33950 get caught too with High 33969.

Trade active

Not posting Chart for Tomorrow coz uptrend is still going on. and all levels are the same.
As Many Barricadings are above from here, it can reverse from any point.
So, If T3 get achieved then will stop and wait for closing above 35050 for further Up-move trading.
SL will be 34000, If brakes and closed then can fall till 33550 to 33300.
Will Update further if necessary

Note

Be Careful, It's Very Important Level @35000-50 mentioned on the Chart Also.
If Cross and close then BNF will go straight 35800 to 36500.
If not, then will take support
Target 1 - 34450
Target 2 - 34000

Trade closed manually

As Crossed 35050 but didn't go upside as expected. And had to closed the trade manually. look like was just a False Breakout.
will wait for further confirmation...
If broke 34650 & closed, then will go for 400 and 200.
Or
Will Go Long After Closing Above 35400.

Note

Crossed 34650 & made Low 34218 till yet.

Note

34600-650 Upside

Note

360-300 Down

Note

Quick Analysis and Achieved Quick Targets to Both Sides.

TradeInKey

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