NSE:BANKNIFTY1!   BANKNIFTY INDEX FUTURES
"This is my trading journal, not a trade recommendation. I Will be Posting and updating the ideas regularly, as market progresses, only for educational purposes for me and others who want to benifit from my experince.

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Comment: TILL RED MEDIAN LINE
Comment: MOVING LOWER PARALLEL TO NEXT LOWER
Comment: observe oversold zone and upsloping micro trend line
Comment: i.e long till red median line
Comment: Possible Swing Pivots - deployed Three pitchforks to capture swings
Comment: STILL IN oversold zone but, lacking in downward strength.
Comment: Red median line done
Comment: PRICES Clearly in overslod zone of down slping pitchfork, have fullfilled 82% rule by hug of redmedian line of upsloping main pitchfork (longest duration) and have reversed from 5.5 reaction line after display of hagopian in last uplsoping pitchfork.
Comment: Prices hug red median line of downsloping pitchfork. next target upper parallel of down slpong pitchfork.
Comment: Long side Target 36000, while prices are in systematic selling phase. Will try selling april end series ITM Put (36000@2111 LTP) along with ATM (34000@895 LTP) as hedge. Will book sell side at target and keep hedge open.
Comment: Supply coming in early
Comment: Result of supply coming in early.
Comment: Target (27800) if present acceleration goes on
Comment:

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