--- Demand zones on the down side @ 21480-21750 and @ 20700-20950. --- Supply zones on the up side @ 22170-22370 and @ 22900-23000. --- Bank Nifty short term trend is positive. I will think for a positional short trade in Bank Nifty if daily close below 21480 level for the target of 20700-20950 --- I may take a aggressive long position once Bank Nifty...
Hi Traders, 1. On 15th July, post in point no.1 of the trading plan, I clearly mentioned is quoting as proof of my statement and compare it with the current chart " Today low is important If it is breached and 15 min candle gives closing below this low then chances of upside move will finish. And on taking out the red upper band of the lower zone,...
Banknifty Can go intraday log RSI below 30 can see reversal from here
Hi Traders, 1. On the 10 the of July 2020, I mentioned in point no.2 of the trading plan section is quoting as proof of my statement compare with today move" The white moving average is taken out in both time frames then the price will move up to the yellow trend line but between yellow resistance and green dotted line will act as resistance where...
Banknifty has broken its upwards trendline,now the whole trend is shifting towards downwards.
Hi Traders, 1. On the 5th of July 2020, I posted trading information regarding BNF in trading plan point no. 1, I mentioned is quoting for your consideration " As far as the structure is negative which is going to no direction zone already discussed above. So I will wait to go in trade any sides till I get clarity on moves. I made one pink line to...
Banknifty trend is still on the bullish side. Banknifty will take next resistance at 22350 if this break we will see banknifty move towards 22500+. We will see a big fall if banknifty break the support trend line minimum 200-300 point downfall will get after the breakdown of support trend line. Today's market trend is positive side but still, we will find PE...
Hi Traders, 1. On 1st July 2020, Post I mentioned in point no. 3 of the trading plan is quoting for your consideration " The same green arrow shows an upper target if the starting of the arrow on green resistance takes out in 1 hr time frame then the green dotted line will be the target. " You can see the price opened gap day next...
Hi Traders, 1. Yesterday I posted neither bnf nor nifty. In fact, There was not much change in the structure of both indexes, therefore, I just updated my ideas with an update. Hope you all would have seen it. Those missed either They do not follow me or not configured the right side idea button with your favorite author's notifications. let us...
Hi Traders, Comparison of my 25th June Statements with the real move. 1. On 25th June, I mentioned in point no. 2 ( trading plan) is quoting for your consideration " If price breaks this and pink support on 15 min time frame then you have to apply taken out condition only to short with the target of green zone lower band." You can see this...
Hii this is trader Kanishk This is BANK NIFTY Here the phase is very volatile and we don't have to took long position in bank nifty. With till it breaks the trend line and then short it. this is a bear market phase and this is not the recovery this is the bullish trap . so please avoid yourself to put the long positional trade at this time without any...
Banknifty trading near the resistance level of descending triangle pattern. If banknifty breakout the resistance, We might see big movement in banknifty toward the 22950 final targets. Current upside breakout level for banknifty is above 21400 levels and we can initiate CE option if banknifty sustain above this level. We can only see big move after this breakout...
Last trading session we saw banknifty consolidate between small range of 21350-21750. Today also expecting banknifty will create range-bound trade in the first half. Getting a big trading range for banknifty today's session from 20950- 21750- 21250. If banknifty sustain above @21550 in the first half after that more possible to break out of 21750 levels and we can...
BANKNIFTY TRADING ON SCENARIOS: 1.CLOSING ABOVE 22000 TARGET WOULD BE 24530. 2.ANY CLOSING BELOW 20800 TARGET WOULD BE 19500/18750. LET'S WAIT N WATCH....
Today expecting the nearly flat opening in banknifty near 21500-21600. After opening, we will wait for the perfect level to enter into the trade. Once banknifty trading above 21650 we will go for CE option. @21350 banknifty have an immediate support level.
Last day we saw a big fall in banknifty in the second half due to huge profit booking. Today also we see big movement in banknifty due to expiry. In the first hour, banknifty may trade between 21050 to 21950. If banknifty not able to hold above 21000 levels we will get big downfall of 500-1000 points. Today the market may be cautious so trade safely.