AbhishekHSinghCMT
Short

BankNifty - Double Top to Cap & Double Bottom sell below 21395

NSE:BANKNIFTY   NIFTY BANK
934 23 24
Below 21395 to sell for lower targets. Keep on trailing till market throws you out of the trade. Next Support could come into 20750-20800 zone.
Trade active: 13:58 Hrs 11th April2017

Last Price@21680

Bank Nifty has to sustain above 21725 for 5-10 mins for taking long positions.
Trade active: 15:21 Hrs 11th April2017

Last Price@21730

No momentum - price is just doing time pass. Markets about to close. Intrday call we will close -Not taking any risk for home.
Trade active: 10:25 Hrs 12th April2017

Last Price@21635

Current low@21555

Got out yesterday in long call above 21720. BN falls 150 points in an hour session today.
Trade active: 14:08 Hrs 12th April2017

Last Price@21660

Bank Nifty below 21700 looks weak - Axis looks weak - SBI looks weak- keep an eye on all.
Trade active: 14:20 Hrs 12th April2017

Last Price@21700

We will trade against 21730 as mind stops & below 21700 -it remains it will be under pressure.
Trade active: 14:55 Hrs 12th April2017

Last Price@21660

Shall look to book profits in close zone of 21585-21595 -if holds then I will exit - keep a watch -It kissses & starts moving back above 21600 or if remains below 21600 -then more bearish scenario.
Trade active: 15:10 Hrs 13th April2017

Last Price@21693

Today BN moved in tight zone & below 21700 - I have been telling several times -It is risky to take long positions & specially below 21700 if sustains for 1-2 days more or cracks down even before.

Do check at your end.
Trade active: 17:35 Hrs 16th April2017

Last Price@21686

BN is struggling to go down below 21600 or finding tough to stay on upside above 21750.
So, we will trade next only if it crosses 21750 above & stays above that level or selling below 21600.
Trade active: 09:45 Hrs 17th April2017

Last Price@21615

It is looking choppy again & can trap below 21600 if taken short -so I am changing the sell level to 21550 & below as it is not able to stay below 21600 in present situation.
Trade active: 10:55 Hrs 17th April2017

Last Price@21650

Out in time at 21610 from selling - looks like 21730-21750 can be an attempt again - going above 21750 & staying above can be more bullish or we drop again to 21630-21650 post going to 21730-21750 if it hlds on upside.
Trade active: 13:58 Hrs 17th April2017

Last Price@21625

BN loves 21600 so much that it comes close -Kisses & moves away -up- up & away -can it fly like a superman.
Be careful 21550 is a leakage point for BN downside.
Trade active: 15:20 Hrs 17th April2017

Last Price@21650

Bingo!

Bounced from 21600 again -this time touched 21650 - Not going down as suggested early morning.

Any sell positions we will take only below 21550.
Closing for the day. Enjoy rest of the day.
Best Regards,
Abhishek H. Singh, CMT
India Regional Manager
http://in.tradingview.com
| LinkedIn
India Markets-BSE, NSE chat room- https://in.tradingview.com/chat/#b4sFOMIVqPkq8gfQ
Some kind of HnS Pattern is also about to form.....????
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@imkdm, Put your chart here. In what time frame.
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By swing trading made enough from this idea for this weekend (Only Option)
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@ajayww2, Cheers - Good Friday- Enjoy Long Weekends.
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ajayww2 AbhishekHSinghCMT
@AbhishekHSinghCMT,

Same 2 U
Now a days No Wine
Following Yogi
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Great Analysis. I look for only positional as I cannot do intraday. Yr levels are helping me. I am new here and look fwd to yr advise
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@DINESH1961, Welcome. Positional DIrectional is yet not clear. So we are doing intraday trades.
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If U done so much research in physics instead of stocks India should have a lot of spice shuttle for every common man, Any way Im Short in BN
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@ajayww2, Good but we need a move below 21395 - to confirm downside.
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If it not move above 21700 then formation of Head & Shoulder will be starting and shorting will start at 21395.
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