This was the ONLY way to make Life easier for you all instead of getting you all into a PANIC MODE. What I have presented is the HOURLY CHART. A CLUSTER OF SUPPORTS AND RESISTENCES ARE GIVEN AS WELL. Now Remember this................... what IS/WAS ... RESISTENCE/SUPPORT, when crossed and sustained will become A SUPPORT AUTOMATICALLY. The level of 19850-19884 odd is also the 78.6% retracement of the entire RISE?FALL from 20200 to 18900 odd. Markets willing........... should we hold this LINE for a few trading sessions .... WE WILL GET ATH. GOOD LUCK AND GOD BLESS
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LOOK FOR 44250-260 AS THE SUPPORT ON BNF AND GO LONG ON CALLS FOR THE DAY WITH A 35 POINT FILTER BELOW 44260..... LIKELY TARGET FOR THE DAY 44510 AND 44573
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BNF FUTURE
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IF THE MOMENTUM GETS GOIN.................... ABOVE 44510-573 ZONE WILL BE 44774 TODAY OR IN A DAY OR TWO
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Highly LIKELY that BNF will break LOWS but not NF........... watch 19656 on NF ( forwarded to Me by a friend as I dont trade NF much)
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IT IS GOING TO BE A SLOW GRIND............ FOR EXAMPLE............ CE WRITTERS OF 44200 STRIKE WERE NETT SELLERS YESTERDAY(PROS).......... AND MUST HAVE BEEN TAKEN TO THE CLEANERS.... OR............ THEY SOLD MORE AT THE TOP AND ARE PROBABLY GOING TO COVER IT BELOW 32/..... YESTERDAYS CLOSE
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JUST NOTICED SOMETHING ON 1/3 AND 5 TF INTRADAY BNF CHART..... SINCE THE OPENING............ THERE HAS'NT BEEN A SINGLE SUPPLY CANDLE MADE ON THESE TFS. WHIC PROBABLY TELLS ME THAT THE MARKET IS NOT WILLING TO FALL STEEPLY AS YET. 44250-260 NEAR ABOUTS SHUD BE THE AREA TO BUY ON BNF........... WITH A STOPLOSS BELOW 44221
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THERE IS A LOOOOONG DEMAND CANDLE ON 3 TF WITH TOOOOOO MANY ORDERS/BUYS.............. WATCH THIS NOW FOR ANY UPSIDE. WHILE THE IDLE BUY POSITION WOULD BE AS POSTED BEFORE
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THIS CANDLE HIGH IS 44398.30
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YOU NOW HAVE A RANGE FOR THE DAY. A CLUSTER OF FIGURES 44361/44398/44426 TO THE UPSIDE.................. 44361/44250 OR 44260 TO THE DOWNSIDE.... USE THESE LEVELS WELL NOW.............. TRADE ON
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BNF MUST CROSS ABOVE AND SUSTAIN 44426 NOW FOR A HIGHER HIGH........... ELSE 44360 AND 44250-60 ON THE CARDS NOW... PLAY UR MOVES WELL
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LOOK FOR A CONFIRMATION FOR THE DOWNSIDE BELOW THE 3TF LOOOONG CANDLE TOP OF 44398.30
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NO MOMENTUM SINCE OPENING........... A FIELD DAY SOO FAR FOR CALL WRITERS. WHILE 44398.30 HOLDS FOR NOW
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U R IN THE LEAST RISK ZONE WITH 44398 AS YOUR STOPLOSS. BNF MAY/ MAY NOT MAKE A NEW INTRA HIGH ?????????????????
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A STUPENDIOUSLY SILLY TRADING DAY SINCE OPENING.