Understanding TICK volume is very important and most of the professional traders use this information and build custom tools to trade Nifty and BankNifty. They spend a huge amount of money and time to build systems that are good at understanding the behaviour of other traders.
Reading the general public and traders interest is very important to be successful in...
Though I predicted earlier 31000 as bottom of wave (IV), had I not missed the ending diagonal of lower degree of wave v (marked as a wedge) of wave (IV) in lower TF, I wold have predicted end of wave (IV) correctly. The power of ending diagonal is evident from the 1000 point movement in a span of 2 days and less than an hour.
Wave (V) will be formed in 3...
Unlike Nifty, Banknifty (BNF) gave ample signals of what’s going to come in latter half. As written in my post about on Nifty, Nifty did not break its earlier high and low for more than 4 hours. But BNF kept on making higher highs and higher lows periodically, which clearly told us how the move was going to be in latter half. However, this was today and that is...
As discussed , Bank Nifty hit our resistance and stayed there for quite some time , once the resistance broke after 12 pm , it was a breakaway rally as expected.
Decision range for the day
Support for the day
Resistance for the day
Range bound with mild dip in last hour
I'll look to short calls near resistance...
The stock is taking its time out at the 60 levels on RSI. After a unstoppable rally from August it has moved sideways and have consolidated. As of now he prices are resting on KS/TS support line, if a breakout is not registered within a session or two then some serious momentum loss may be grip up thereby pushing the stock into some sharp corrections.
The level 31000 seems almost the bottom at present, but wave (IV) is not yet completed. The up move started at today’s fag end may continue upto around 31500-31600 and then will come all the way down towards 31000 but stopping just above it, touching the trend line, to complete the wave (IV). Still BANKNIFTY cannot be predicted that much easily. Might be going...
LONG TRADE IN BANKNIFTY INDEX
-THIS TRADE IS CONTRARIAN VIEW
-TRADE WITH CAUTION
-INDEX IS TESTING ITS 21-EMA AFTER A LONG TIME EXPECT A REBOUND
-200-BAR EMA ON HOURLY CHART IS TAGGING ALONG WITH CRUCIAL RETRACEMENT LEVEL
ACC.TO SPOT LEVELS
Buying or Selling during PANIC situations - Whats the plan.
Most of the traders are afraid of the Selling or Buying during panic times and having a plan with proper stop-loss is very good.
The answer is previous Sessions Point of Controls - So as a trader we always love to buy or sell at a discounted zone and fining the discounted zone is very important.
As discussed Bank Nifty made a high 31337 which was 2 points from our resistance level. It made a low around our support zone , although last hour volatility pushed bank nifty further to 30996 where it could not stay for 30 min and we saw a sharp reversal towards close. Overall , good day for those who just watch price action to make trading decisions. Hopefully...
The stock was into dominant trend up, last few months the stock hasn’t displayed any zeal to move up. Now at a high intensity resistance level, the price consolidated and formed a negative candle pattern. The RSI is into neutral zones creating bearish signs. Macd is into bearish zone. The stock is expected to correct to 1620-1540 levels where it may find support....
Key Levels for AXIS BANK are : t.me - JOIN TELEGRAM CHANNEL
Please trade with caution and consult your financial adviser before trading. You can...
Key Levels for BANK NIFTY are : t.me - JOIN TELEGRAM CHANNEL
Please trade with caution and consult your financial adviser before trading. You can also join...
Everyone tells that FII or DII's withdraw money after today's market. But breadth tools help you to understand this information during market hours.
TREND ALWAYS BENDS BEFORE BREADTH TOOLS
Selling pressure continued in Bank Nifty? The proof is withdrawals from the Cash Market.
You can literally see that Money withdrawal in the live market with "Bank Nifty...
There are interesting developments in Banknifty (BNF). Out of it’s top 5 heavyweight (meaning which contribute for more than 75% of BNF’s weightage) scrips, SBI reversed from a low of 100 DEMA (100 days exponential moving average), Axis Bank’s Low was very near to 200 DEMA and HDFC Bank’s low was very near to 50 DEMA; ICICI bank and Kotak Bank are already in blue...
Option traders - See the Session Point of Controls and take the decision for Intraday trading. Apply Smart Money Flow analytics to see how the Cash flow is supporting your trading decision.
Understanding Nifty or BankNifty formation based on the Free Float market cap is the success of trading.
The chart explains the power of value-based Trading + Market...