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Good evening all, Today: Expected move of 500 points after the break down of 37000 and reversed from a point where we did not expect it to. But that's BankNifty for you. Tomorrow: Post today's reversal, the entry point was at 36865 and has crossed two PRZs. We are now at a brink and waiting for 37340 to be breached, if it does, expect a ~200 point move. However,...
Good evening all, Apologies for not being to update the chart throughout the day today, but if you did take a short position below 37300, you will have earned 300 points. For tomorrow, to be in a good short position, we'll need the 37000 mark to be broken down. From there we'll probably see a good 200-300 or even 400 points drop. So; Long side view: Buy above...
BankNifty opened with a big-up as SGX Nifty was indicating and as per our analysis, we bought morning lows. We bought BankNifty 36400 CE in the morning at 300 which made a low around 291 and went to above 450 in 10-15 mins, Traders booked great profit in this trade. For tomorrow, we are expecting a gap-up opening and holding BankNifty 36300 CE. If BN opens with a...
Good morning all, Friday was a as expected. Uncertain at its best. Today may not be different as we may see the index betwee 37400 and 38100 range. for a good move, these need to be broken. So; NO levels as of now as we need to wait till we get clarity. *** This is a view and not necessarily a trade recommendation *** However, If you like my idea..., hit like,...
BankNifty opened with a gap-up and there faced rejection near 38050 which was also our 3rd Target for Buying Trade. We bought 36800 PE at 290 which went to above 390 in 10-15 mins and Traders booked great profit in this trade. We also bought 38100 CE at 260 which also gave an easy target of 100 points. We also took 37900 CE twice and booked 70-80 points. Overall...
BankNifty opened with a gap-up near its yesterday high and tested a resistance level of 37050. We bought 37200 PE and 37300 PE in the morning and booked both with great profit. BankNifty restated yesterday high and keep going up for the whole day. We also bought 37500 PE at 120 which went to 175 and we booked profit in that Trade too. BankNifty has given the...
Good morning all, We saw good momentum in the second half yesterday providing us with some optimism. Today, if it needs to continue, we'll need the 37000 barrier to be broken. If it does, we see a good move. So; Long side view: Buy above 37030 Target 1 - 37140 Above this TSL Target 2 - 37265 (Long SL - 36860) --------------- Short side view: Sell below...
BANKNIFTY Intraday Trade Setup For 16 Sep 2021 Buy-Above 36950 Sl- 36850 T- 37150 37270 37400 Sell- No Sell Level
BankNifty opened with a minor gap-up and tested the support zone of 36550 at open. We bought 36300 CE in the morning at 300 which made a high of 679 and Traders booked great profit. We bought 36400 CE at 300 which made a high of 584 and Traders made again a great profit. We also bought 37000 PE around 260 which we booked with a loss of 40 points. BankNifty has...
BankNifty opened with a gap-up today and was facing resistance in the 36700-36750 zone. We bought 36800 PE at 270 with the SL of 230, we added more qty at 230 and revised SL to 200 due to choppy movement in the morning, 36800 PE went to 375 in the afternoon and Traders booked profit in this trade. We also bought 37000 PE at 350 which went to around 520 and we...
Hello Traders, Following are my analysis: Resistance Level : 1. Good Resistance Zone at 36800-900 2. Strongest Resistance at 37000. 3. Good Resistance at 37200. 4. Strong Resistance at 37500. Support Level : 1. 36300 is Good Support Level . 2. 36000 is the Strong Support Level . 3. 36500 is Strong Support Level. Sideways market: 36500-36700 .. if market opens...
Good evening all, Like we expected yesterday, nothing happened, and don't expect anything tomorrow either. At least the range that we have marked is busted on either side. Till then, be safe... *** This is a view and not necessarily a trade recommendation *** However, If you like my idea..., hit like, follow me, and do spread the word.
BankNifty views as follows: 1. No Trading Zone :: 36425 - 36508 (Strictly Don't Trade) 2. Upside Momentum :: If price crosses above 36508 level and stable for 15 minutes then GO LONG! (High Probability) 3. Downside Momentum :: If price crosses below 36415 level then take 2 pivots as a TGTs. (Low Probability) Fibonacci retracement @36455- If this level sustain...
Good morning all, No Levels today.... For they don't mean anything in the current scenario. Not until 37000 and 36200 breaks on either side. A sad story we've been living for the past 5 trading sessions. Something's gotta give. When? is the question. Till then, nothing and after that, opportunity. So.... MONEY SAVED IS MONEY EARNED
BankNifty opened with a minor gap-up, it faced resistance at our buying level 36700 in the morning and we saw a good fall. We bought 36600 CE at 240 which we booked at cost. We bought 36400 CE from support levels at 295 which went to around 370 and Traders booked good profit. After the morning movement, it was trading in a narrow range so we didn't take any more...
As analyzed we saw the range-bound for the entire day expect some last hour volatility. BankNifty opened near the previous high 36850 which was also the resistance zone. We bought 37000 PE in the morning at 230 which went to above 400 and Traders booked great profit. We also bought 36500 CE at 140 which easily gave 40-50 points of profit. As an expiry zero hero,...
Good morning all, Thursday was a classic example of a seller trap. Showed potential upside to lure and then made it stick in a range to decay the premium. Hence levels are important and over that, entry and exit. For tomorrow, I do not have hope until the 37000 - 36400 range breaks. So; Long side view: Buy above 36925 Target 1 zone 37000 - 37025 Target 2 -...