BankNifty - First hour analysis

After the first hour completion in BankNifty , The following things are noted for today.

Signal system gave continuous 4 Sell signals - Any option writer at 2SD(27000, 27100, 27200) should have got >25 Points profit(Intraday) in First 1 hr .

27000 - 26 Points Profit
27100 - 22 Points Profit
27200 - 16 Points profit

1. Volumes are greater than previous day - Suggests interest from longer time-frame participants. So, Intraday traders should be ready to see some Range extensions.
2. Cash withdrawals are greater than Positive cash flow. BankNifty might undergo Selling pressure.
3. Free Float capitalized weightage - Negative is greater than positive,that means Indian banking system valuation is coming down.

Overall view - MarketProfile suggests that VALUE of BankNifty seems to be in a rejection point above 27100.

BannkNifty is world's highest traded Derivative contract - Its traded by High Frequency trading system,
So any Intraday trader to trade it, specialized trading methodologies are required to be successful.

Any doubts please reach out to me.
EN English (IN)
EN English
EN English (UK)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Get Help Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing Get Help Ideas Published Followers Following Private Messages Chat Sign Out