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.
The Earlier target has reached and now look bearish
COMPARING MY YESTERDAY STATEMENTS WITH REAL MOVE IN BNF TODAY. 1. In trading plan first point is quoting for your consideration " i made a pink color channel to show first sign of weakness price has to take this channel out then second sign a yellow color dotted line which price has to take out in 15 min time frame. if these two conditions are satisfied then...
In today's trading session banknifty had a breakout and hold above very important resistance zone @22050. Now banknifty may face next resistance @22500. If banknifty successfully break this resistance we will see quick move-in banknifty for the target of 22950. According to options data, it is more possible to break the 22500 resistance level but due to monthly...
COMPARING MY YESTERDAY STATEMENTS WITH REAL MOVE TODAY. 1. In yesterday post point no.1 trade plan what I mentioned is quoting for your consideration " it does not mean that tomorrow it can not open up or while trading can go to upper band of blue zone." . You can see the price in last candle closed exactly at upper band of blue zone circled in white . Just...
COMPARING MY STATEMENTS GIVEN ON FRIDAY WITH REAL MOVE TODAY IN BNF. 1. In trading plan column point no.3 is quoting for your consideration " if any case price takes out green zone on lower time frame then blue zone lower end will be my target." You can see price opened exactly on lower band of green zone and took support and taken out condition was fulfilled...
PSYCHOLOGY OF BLIND MIND SET. 1. Today before staring comparing my yesterday statements I would like to discuss the blind psychology of many traders who have been made habitual of asking tips for trading. The vested interest people who themselves unable to earn from market make blind to give tips first free then chargeable. Since traders don not want to study...
COMPARING MY YESTERDAY STATEMENTS WITH TODAYS REAL MOVE IN BNF. 1. The title of yesterday post "initial long trend started in bnf will it be moved further see." Why i gave this title is proved by today's move in bnf . In point no.1 {trade plan} "if price breach the lower solid pink line and do not come back in 30 mins then one should cover c/f long." Can you...
NSE:BANKNIFTY These are the Important levels for the Bank Nifty BUY & SELL * The Pink Lines are for Buying Points * The Black Lines are for Selling Points Through This we can Find the Momentum of direction to trade in Bank Nifty Options This Levels are only for Education Purpose....
Hello Trader, Here is the full analysis of BANKNIFTY: 1) Monthly - This support can be tested at 19900 of two supports are broken 2) Hourly - It is forming lower highs and lower lows and is below the trend line and can test this trend line to break upside. Action Due to the huge volatility in prices and weak markets globally one can see a downfall to test...
COMPARING MY YESTERDAY STATEMENTS WITH TODAY'S REAL MOVE IN BNF 1. In point no.1 of trading plan what i mentioned quoting for your consideration ."last half hour buying may be deceptive.' Can you see now whole day was trending bear day. That is why I called it deceptive. In same point no1. I mentioned one more thing" red (arrow) is below pink if price do not...
COMPARING MY YESTERDAY STATEMENT WITH REAL MOVE TODAY. 1. In yesterday post point no.2 of trading plan I mentioned is quoting for your consideration " now a green arrow position is shifted to pink dotted line if market have to resume its upside then price should take out pink dotted line condition. Til it do not gets fulfilled bnf will remain down to range...