Hello, Bank Nifty Major Demand Zone @ 29580-29660. If it will sustain below this zone then 1000 point downside range will open but my seance is that it will hold this zone. On the upside Next Supply Zone @ 30000-30120. On Monday, I want to see in the first 30 mins to 1 hour that I want to see it's trading range then only I will make any trading plan. Trade Well
Hello, Sustain below 30600 it may test 30400-30450 zone also Very strong Support @ 30200-30200. Just one sentence : In coming days on social media, if you see everyone are bearish in Bank Nifty... stop taking short calls or cautious in short position. Find the levels in the chart. Trade Well
Hello, Bank Nifty Major Demand Zone @ 30600-30660. Once it will sustain below this level it may test 30400-30450 but I dont think so Bank Nifty will sustain below 30600. As i mentioned in my previous week posts Bank Nifty will be strong after this correction period. I am already avoiding short position in the bank Nifty from this week and making new long positions...
Hello, Please find the next supply and demand zones in the chart. Today was a perfect juicy short trade but I think now juicy short trade is over. On the down side there are multipal demand zones. In any case if it will break last low near 30600 then it may test next demand zone @ 30350-30450. In this case I will take my trades through option writing. Trade Well
Same logic as Nifty (See our Nifty analysis) - But is more bearish than Nifty Volatility may increase due to budget this week
Hello, Bank Nifty may be stronger then Nifty in coming days. Major Supply Zones @ 31530 and 31750 Minor Demand Zone @ 31070-31150 Let's see on Monday weather it will hold it's minor demand zone or not. If it will manage to hold this level then this demand zone will get more stronger. Option Writing will be the best strategy instead of Future trading because...
Hello, In previous week Bank Nifty filled the one pending gap @ 31800-31870. After all time high BNF is making lower low and higher low. In this week important 1st important level to hold is 31050-31150 and 2nd is 30600-30650. Below 30600-30650 it may test 30350-30400-30450 which is a next strong demand zone. If BNF will hold 31050 and 30600 then it may trade...
Hello, Please find the Supply and Demand Zones in the chart. My Intraday Plan:- 1. If it will sustain above 311350 then I may take a long position for the target of next supply zone. 2. If it will not manage to sustain above 31050-31150 then I may sell 30500 Put because it's not easy to break and sustain below 30450-30500. Trade Well
Hello, BNF strong Demand zone @ 31500-31800 and nearest supply zone @ 30900-31050. Expiry is possible in this range. Avoid short position tomorrow. Thank X Trade well
Are we heading for 5000 Point correction in Banknifty? Now I dont think so, it will come after Feb or March.
As I mentioned my yesterday post that, I will sell BNF 31300-350 zone or 31450-550 zone or sustain below 30900 but today trading range was narrow and near minor support zone. So today was a trade free day for me in BNF. Today One thing changed that it has broke its previous bottom @ 30900 and mane a new low @ 30862. Now very strong support zone @ 30500 on daily...
HELLO TRADERS, As we can head and shoulder pattern are making banknifty spot chart on daily time frame. there is two types of head and shoulder making. If shaded h&s made so breakout is confirmed today OR curve blue line h&s work then isn't yet breakout confirmed we need to do wait for breakout hope we can see breakout tomorrow. BULLISH LOOKOUT- If banknifty...
HELLO TRADERS, As we can head and shoulder pattern are making banknifty spot chart on daily time frame. there is two types of head and shoulder making. If shaded h&s made so breakout is confirmed today OR curve blue line h&s work then isn't yet breakout confirmed we need to do wait for breakout hope we can see breakout tomorrow. BULLISH LOOKOUT- If banknifty...
Hello, BNF strong demand zone @ 30500-30800. I will prefer to short on bounce. I will make a short position if it will come to 31500. I will make a short position if it will sustain below 30900. If it will be sideways that I may sell 31500 call
Hello, Bearish Harmonic Pattern was created in the BNF on 30th December and correct 1000 points. There is on strong trend line from Feb 2016 is now act as a resistance. On weekly chart Strong demand zone @ 30900-30700 As i only believe in price action, I don't trade and make my trading decision on the basis of any pattern. Same bearish harmonic pattern is...
Hello, Please find the Supply and Demand Zones in the chart. As per the data and price action 32000 is a strong supply zone and 31000 is a strong demand zone. Still in higher time fem trend is positive so I will avoid to go short. I have a short position in 31000 put and i hold this position until 31000 is intact. In any case Bank Nifty will sustain above 31800...
Please see the Demand and Supply zones in the chart. Plan A: I will buy once it will sustain above 32000. Plan B: I will short once it will sustain below 31700. Plan C: I will avoid trading in the 31700-32000 Zone.
Nifty Update on request of Raunak Goswami I would also like to shed some light on trading system , stop loss and targets. 1. If market opens above decision range , then 7/10 times it'll stay above decision range whole day. If we are shorting market we'll go short near resistance and try to cover some where inside decision range. If we are going long we wait...