For Learning purpose only(take entry's after your own analysis)
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Gap-Up : Support of PDH(BUY) - PDH BO(SELL)
Flat : Support of PDH(BUY) - Important BO(SELL)
Gap-Down : Support of Important(BUY) - M-Support BO(SELL)
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Happy Learning and...
Opened as a Gap-Up, at our Resistance-Zone. market went to PDH, after PDH BO it took the Support at Support-Level then went to near Resistance-Zone and reversed.
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Happy Learning and Trading.
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In continuation to our earlier view our selling position is still not executed in Nifty and will enter once the level is reached.
Bank Nifty our sell order have got executed and we have booked 50% Qty profit intraday. Now will hold balance for further targets.
Today will be a gap up opening in banknifty. After opening if banknifty sustain above 35050 level then expected further upside rally up to 35450 level. For today session 35450 will act as immediate resistance. Any strong upside rally is only possible if banknifty gives a breakout of this level and starts trading above 35550. Downside possible if it does not...
Bank Nifty Trade Plan for 28 DEC 2021
Expecting a gap up opening in Bank Nifty.
Being a very wide CPR in Bank Nifty today , expecting BN to be in a range.
If finds resistace at Bearish Reversal or R1 on opening, we can expect BN to test out Current day CPR .
we have a golden pivot zone around 34807 which should act as a good support.
BANKIFTY finally showed some strength despite of its weakness in the opening and recovered more than 600++ points and gave a strong closing above 35000! BANKNIFTY had been in range since a week and we haven’t seen any trending day hence we can expect a trending day this week itself! Important level to watch is 35150 and as soon as it breaches it can show 100-200...
After many consicutive days of bear rally market is sustaining between 34000 to 35000 from 1 week and this week very important for market if this week market gives closing above in 35500 then we will see a great up/bull rally in market.
If market gives closing above 35110 which is given in image then then,
targets for 28/12/2021 is given below
Target 1-...
BANKNIFTY Intraday Trade Setup For 28 Dec 2021
Buy-Above 35150
Sl-35050
T-37400 37500
Sell-Below 34900
Sl-35000
T-34800 34700
BANKNIFTY has closed in positive note today.
No aggressive selling can be planned here. We will plan for sell below 34500 only. We need a 15 Min candle close below 34500 then we will short aggressively.
Otherwise no aggressive buy is...
With Gapdown BankNifty Formed a Pinbar in Morning Which was clear-cut indication of reversal. But Today We had taken position as per fibo level and Previous Supply and demand zone area. Now I am expecting a gapup open due to strong PUT writing Data. with Gaup BankNifty may go upto 35500 level from there we can see some profit booking. And on Crossing 35554 level...
Opened as a Gap-Down, at PDL-Level then market went to M-Support-Zone and reversed.
market was broken our levels(PDL-Level, Support-Level, Important-Zone) and went to Resistance-Level.
Today will be flat or slightly gap down opening in banknifty. After opening expected further downside up to 34550 level. For today's session, 34550 will act as an immediate support level for banknifty. After breakdown if banknifty starts trading below 34450 level then expected further 400-500 points downside rally.
Bank Nifty Trade Plan for 27 DEC 2021
Bank Nifty expected to open with small gap down.
Descending CPR in Bank Nifty, bearishly biased.
Any rejection from CPR is a shorting opportunity today.
If PDL & S1 is compromised we can expect Target 2 getting testing on lower side.
30405 - 29687 is the first immediate demand zone in Bank Nifty. 24809 - 23612 is the next-level untested demand zone in Bank Nifty.
#banknifty #NSE #BankNiftyOptions #trading #tradingpsychology #optionstrading
![BANKNIFTY: [INTRADAY] #BANKNIFTY PE & CE Levels(28/12/2021)](https://s3.tradingview.com/s/SVqxyjKG_mid.png "[INTRADAY] #BANKNIFTY PE & CE Levels(28/12/2021)")
![BANKNIFTY: [INTRADAY] #BANKNIFTY PE & CE Levels(27/12/2021)](https://s3.tradingview.com/r/rfi6HzhF_mid.png "[INTRADAY] #BANKNIFTY PE & CE Levels(27/12/2021)")
