BankNifty this week traded in range of 46360 to 45250 area we have 1000 point range to look for comming week and any break out of previous week high will fetch another 1000 points to upside.Lower side 45000 and 44800 are strong support only below we can think of any good bearishness.On daily time frame front it tested the 20 EMA and took support from 45250 area which is good sign for bullishness.
Comming to Intraday Levels for Monday
45550 Above Long
Targets 45650,45820,45900
45200 Below Short
Targets 45100,45000,44900
Comming to Intraday Levels for Monday
45550 Above Long
Targets 45650,45820,45900
45200 Below Short
Targets 45100,45000,44900
Comment:
Important note any reversal from 45650-45750 area play short till 45400 to 45300 area target Confirmtion with negative price action at 45650-45750
Comment:
No trade as of now let it go will see tommorow
Comment:
Still in prior day range
Comment:
BankNifty reached first target but very tough day for option buyers i did few scalps to upside not much today
Comment:
Tuesday Levels
45700 Above Long
Targets 45800,45850,45925
45475 Below Short
Targets 45350,45250,45070
Gapup or Gap down wait for price action and direction.
45700 Above Long
Targets 45800,45850,45925
45475 Below Short
Targets 45350,45250,45070
Gapup or Gap down wait for price action and direction.
Trade active:
Comment:
trailing this
Trade closed manually:
Exited at support level 150 points captured
Comment:
Though i exited it reached full target
Comment:
For Wednesday Levels
45650 Above Long
Targets 45780,45850,45925
45475 Below Short
Targets 45350,45250,45070
Gapup or Gap down wait for price action and direction.
45650 Above Long
Targets 45780,45850,45925
45475 Below Short
Targets 45350,45250,45070
Gapup or Gap down wait for price action and direction.
Comment:
Gap down opened wait for retrace to 45450 area then look for price action to short or wait 1 hr market structure for direction
Comment:
One Hour low breaks 200 poitns fall patience in important nice trade
Comment:
Expiry could be range bound since we had good day today ,expecting it to trade in 300 points range 45100-45150 upside and 44750-44800 to downside unless proven otherwise.
Fo ExpiryLevels
45100 Above Long
Targets 45235,45400,45600
44975 Below Short
Targets 44800,44720,44600
Fo ExpiryLevels
45100 Above Long
Targets 45235,45400,45600
44975 Below Short
Targets 44800,44720,44600
Comment:
44975 Below first target acheived 44800
Comment:
Comment:
Areas to react 44950,44700 rest wati and watch it wiil eat premium inbetween
Trade closed: target reached:
All targets reached
Comment:
For Friday Levels
44700 Above Long
Targets 44900,45000,45100
44460 Below Short
Targets 44340,44280,44175,44030
44700 Above Long
Targets 44900,45000,45100
44460 Below Short
Targets 44340,44280,44175,44030
Comment:
44700 on of my levels and previous supply zone wass there once green candle taken out below it my short trigered target to next support 150 points caputred
Comment:
44700 Above target one acheived
Trade closed: target reached:
44700 Above target 2 done it, Care full i'm expecting it will close near to 44700-44800 level End of day , I' m Closing this idea here will come with new one for next week .
Thank you who ever like the idea much appreciated
Thank you who ever like the idea much appreciated
Trade closed manually:
Comment:
took one more trade
Trade closed: target reached: