intraday, banknifty, 23/02 contract

bearish movement for today is completed
.
entry for either side is after the yellow box mentioned above
.
entry is recomended after breakout and retracement complete
.
incase of short entry target is big
.
for long entry target is mentioned
.
both side target is for this week expiry

Comment:

now martket retesting our mentioned level
incase of further movement go for short
stay for update

Comment:

wait for another 15 min candle to confirm
last candel is not closed below

Comment:

now its time for short
but dont do intraday
hold for tomorrow with stoploss
we can expect big movement tomorrow

Comment:

t2 reached
stay for update

Comment:

hope for open as gap down
let see tomorrow
stay for update

Comment:

hi sorry for the late update

Comment:

today is monthly expairy
incase of reversal after 11.00 am
there we can expect big movement.
more probability is there for reversal before reaching out t3
but wait for right time to come
stay for update

Comment:

if you are holding short position then hold it.
incase of taking new position wait for next conformation candel.
dont be aggressive.

Comment:

there is strong resistance on t2 level
but expiery day is highly volatile
so avoid option trading now
fake outs and fake breakout are there

Comment:

now market is trying for reversal
because of auto square off of position by exchange.
highly volatile
new idea for intraday is posted in private ideas

Comment:

now market is trying for reversal
because of auto square off of position by exchange.
highly volatile
new idea for intraday is posted in private ideas
.
dont take trade only based on my analysis
.
market changes wisely based on S/R.
.
incase of option trading its dificult to hold and wait for other suggestion because
.
every trade will be changed wisely due to volatility .
.
refernce idea is attached below, check it out

Comment:

as per our view market can't break or go above: 40500
now again coming into our predicted zone;
incase of breaking : T2
next target : T3
.
.
.
contract 02/03/2023

Comment:

levels were staying, same for this week also.
so we can consider these levels for 02/03/2023 contract.
stay for update
incase of any changes

Comment:

sideways market for long hours
possibility for sudden volatility is high
stay for next update

Comment:

as per we already said sudden volatility is happened\
wait for 40550 resistanece to break
.
incase it breaks then maket go further higher.
.
refer my idea posted on 28/02/2023
for levels

Comment:

this chart view came to end.
market reversed
.
.
for new analysis, refer my idea attached below
.
banknifty 02/03/2023