Bank Nifty Future has seen sell off from Channel Resistance technically, where some negative news has added the spice to the bears. For the September Series 25270- 25300 in the strong resistance and Strategy to sell on the rise should be the plan (CMP 23775) if Bank Nifty Future Closes above 25300 we may see BN again entering bullish zone.
Hi Traders, 1. On the 22nd of Aug 2020, in my blog on BNF series the point no. 1 trading plan section is quoting for your consideration as proof that given targets on upside precisely achieved by index as usual without fail. Every word was written so meticulously that proves the presence of perfect manifestation of the move six days prior...
Banknifty looks bearish and if it opens gap down then wait for a pullback to enter. Lower timeframe 1M or 3M will give you a much more clear direction.
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...
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...
BankNifty makes a Wedge pattern. If it holds and giver reversal candlestick pattern near the upward trendline and above black horizontal line then you can expect upmove for next week. In case it breaks the trendline, then do not short BankNifty rather wait for it to re-test the trendline.
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...
So we have a descending triangle breakout here! Go for the sell Target 21650 S.L 22050. If you're an options buyer buy the nearest PE here! For educational purposes only!!! Trade at your own risk!
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...
COMPARING MY YESTERDAY STATEMENTS WITH REAL MOVE IN BNF TODAY. 1. In trading plan column I mentioned in point no. 2 is quoting for your consideration " if pink dotted line and solid zone is taken out in 30 min time frame then down trend will confirm". You can see market opened gap down and if you see chart of 30 min then things will be more clear first 30 min...
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...
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...
COMPARING MY LAST WEEK STATEMENT WITH THIS WEEK MOVE. 1. In previous post point no.2(trade plan) I mentioned clearly is quoting for your consideration " if price break green dotted line and fulfill the taken out condition for this trendline with pink dotted line then i will be bullish . " .You can see in today trading price breached this trendline circled...