The_RedTicker

BANKNIFTY INTRADAY for 29 Jan, 20

NSE:BANKNIFTY   NIFTY BANK
Important Announcement in the end.
Publishing ideas on 3 mins time is not allowed on tradingview, hence its on 15 mins.

But the rules are still the same, copy the levels and trade on 3 mins.

For those levels on all FNO stocks, https://www.4shared.com/mobile/pnJ3ikLEea/RedTicker_trial.html

I am personally starting with swing trading soon,
will update my Holdings on https://t.me/The_RedTickers_Model_portfo...
and my Swing Trades on https://t.me/The_RedTickers_Swing_Trades...

Comment: Maybe,

Comment: NIFTY:
wedge pattern at extreme zone is the worst possible thing that can happen when near expiry.

Comment: On an any average day I would have grabbed 20k easily out of that pattern,
but today: I know it should fall but at the same time in reality its not even budging!
So difficult.
Comment: Easy-Peasy, Learn to trade patterns, evidently that's all one need (obviously with just a few proprietary tricks)

The_RedTicker does what he says!
https://prnt.sc/qudc17
I usually trade at the reversals, but wasnt sure about this trade entry which is why I was a bit late (content with what i took)

Comment: Unless banknifty decides to remind us the kind of wild beast it is, This is a no CALLS and no LONGS market till tomorrow expiry. All those who are holding options longs (put or call both, especially calls), I think its a trap.

bascically, breakout of that Red_Trendline, while in the extreme zone that too with today's momentum is probably impossible.
Comment: The anticipated fall has come, now my analysis is negated. I am not certain what will happen going forward, overall its weak but the way ppl just lifted it right around today's open area and the V shape recovery, its seems strong.

One point to remember, check 12200 pe. The OI obviously fell with that fall, but then i did not pick significantly with the fall in Pe price (with that high premium and with anticipated reversal of 60-70 point on nifty, the sellers/writers should have literally fought for it). Which means, not many ppl are certain about direction.
Comment: Idea for 30-Jan-2020 was not published, so here's the update. I think we will get a bounce (gap up) tomorrow morning, but I am personally not going to carry any longs. Some banks are on the verge of breakdown, while tickers like hdfcbank are not falling but thats only for today's index management to save 12000 level. Its better to not carry anything, neither longs nor shorts.

Comments

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