Currently in short term downtrend,
SEBI new rules may interfere the market.
Resistance is around 22000-22350
Support is around 21040.
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Updated on : 01-Aug-2020 10.00pm
Disclaimer: Only for learning purpose.
Hi Traders,
1. On 28th July 2020, I wrote in point no. 1 of the trading plan is quoting as proof of how early tracing of change in trend helps many positional traders to go wrong in their trade. " See I made a pink line at the bottom which indicates if it breaches then any positional long should be covered. In fact, the first 15 min candle if the...
Note: This is for educational purpose only.
Bank Nifty unable to break resistance (23100 - 23150) thrice. Moreover, there is a bearish ascending triangle breakout on daily chart. Same is reflected on RSI trend line as well. RSI below 50 indicates loss of bullish momentum.
BankNifty is supported at lower channel. RSI is also supporting around 48-49. However Nifty is still stucked in box. If BankNifty breaks channel support the next immediate support around 21600±(30). Let's see where it goes up or down.
Disclaimer:- your capital at risk. Consult with your financial advisor before do any action and trade with own analysis research.
I hope you can now see how the BANKNIFTY represents an excellent low risk profit entry setup allowing you to trade in the market.Take positions so that the risk/reward is in your favour.
--- 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,...
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...
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...
