BankNifty: 20677. will to go 20830_ 20990 and down to 20650. Trading below 20450 only need to be taken caution now.
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Welcome you all followers friends and supporters. Thank you very much for your co operation. But i am bit surprised,no one commented today, specially, in Nifty DailyCalls, i put the huge liquidation data and requested to respond up to your idea, but nobody care. Any way, doesn't matter. we are going to see the impact sooner than later.
Comments
venkaticr
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Now why the market rallies especially BNF without any minor correction worries me. Now i think BNF 20420 around will be a good support.
@padiyaraa, So we assume a minor correction is good enough to enter for long on intra day? Yesterday it moved during last half an hour. today from 20600 it went up 200 points.
padiyara
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@venkaticr, it all depends on what trade step you follows.when market is bullish, one has to keep a safe stop loss and move along the main trend.
You seems to be waiting for a major correction.
Then the idea is right,wait for it.
somisettys
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@padiyaraa, Hi, As mentioned above it reached the levels [830 - 990] ,so it go down to 20650 again or it will reach 20990 and then 650..please advise
padiyara
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@somisettys, I understand the doubt, there are many questions here.
Actually it came down to 20619, it was little below the support level, it was mentioned in the post that 20450 is the caution level, above that we should believe in the uptrend. ok? now once the support came and reversed we are sure that it can touch the resistance.get me? it is like wise only. nothhing is sure in the market. what come first or what come next , Nobody knows. These are all hypothetical calculations based on trend, momentum and volatility. so accordingly we must go to 20100 and above now. But if now i go to EOD and it gives me a different result, i will change my previous views. see how daringly i say this 21k, with out even looking at the EOD, or any foreign clue. Normally any tip seller you find, will deliver their daily calls ,at or before the opening hours. I am not in selling business. i just prepare and post the same, as and when i get time.please watch new post,just dont stick to 21k now, let me do that now.
Thank you all.
padiyara
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I wont be able to satisfying everyone's question here. I have my limitations. I am like Linux, most open source, but ,with out knowing the operator I am just running my blah balh..i will write more when i get time. its kind of and an art in maths. we have certain numbers like pivots ok? Now we need to learn when, where and how to use it. so simple it is . Any one can learn it if at al,l they are keenly interested in that. it is marked every time in the charts, with notes.please watch patiently.day by day you will get that, oh this is the reason it support here, or resist here.
Philosophy says instead give a fish, why don't you teach fishing? Good then, if it is that easy, why don't they try fishing?
somisettys
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@padiyaraa, thanks ... Will watch the levels accordingly,😀
venkaticr
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@padiyaraa, Thanks. we will follow the trend tomorrow.
venkaticr
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@venkaticr, I normally trade in Options only. Today I had taken position in 20800 C at 48 and when corrected I had taken another position at 58 and in 20600 C at 135. Not moved and touched intra day high. Tried to break and then non stop upmove till end. But I exited once it moved the higher range and closed at 73 and 173. Luck never follows me. It will after my exit. Reached upto 133 and 280+.