BANK NIFTY 16-02-2022
Updated
Lets Start from multi fram Analysis
1). Monthly = Bullish
a).RSI positive
b).last Two Month price action Dec 2021 DOJI then Jan 2022 Follow by Bullish Candle with Open = Low
2). Weekly
a). RSI negetive but if open gap up today and sustain then it may be positive
b). Price Action Taking Support from Previous Swing
3). Daily
a). RSI negetive
b). Gap Pending 38396
Conclusion : Market still -ve in Short Term. market only go +ve after this week positive closing. go for remaining week we go for short opportunity.
now today 16-02-2022
4). 15min chart
a). RSI streched near 83 if opens gap up chances to come down and colling RSI
b). IF MARKET OPEN GAP UP NEAR 38258-38375 GO FOR SHORT AFTER 5 IN -VE CANDLE WITH SL 15MIN CLOSING ABOVE 38375 FOR TGT OF 37930-37680-38450
1). Monthly = Bullish
a).RSI positive
b).last Two Month price action Dec 2021 DOJI then Jan 2022 Follow by Bullish Candle with Open = Low
2). Weekly
a). RSI negetive but if open gap up today and sustain then it may be positive
b). Price Action Taking Support from Previous Swing
3). Daily
a). RSI negetive
b). Gap Pending 38396
Conclusion : Market still -ve in Short Term. market only go +ve after this week positive closing. go for remaining week we go for short opportunity.
now today 16-02-2022
4). 15min chart
a). RSI streched near 83 if opens gap up chances to come down and colling RSI
b). IF MARKET OPEN GAP UP NEAR 38258-38375 GO FOR SHORT AFTER 5 IN -VE CANDLE WITH SL 15MIN CLOSING ABOVE 38375 FOR TGT OF 37930-37680-38450
Note
made low 3762 1st tgt achived hope you enjoy
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