BankNifty opened with a minor gap-up near resistance and we saw a rejection in the opening. We bought 36200 PE at 280 which went to above 500 and we booked great profit. We again bought the same 36200 PE around 290 which again went to 400+. BankNifty is trading in the triangle pattern and forming higher highs and higher lows, if it opens flat tomorrow and breaks...
Good evening all, Like I suggested yesterday, the market was rangebound between 35950 - 35780 most of the day today but for the last 15 minutes where it broke it's intraday resistance of 35960. For tomorrow, the morning is going to be very important where I reckon a pullback to 35960-50 and then when it crosses over 36000 again, a 'long'. I don't see a short from...
Hello Traders, Following are my analysis: Resistance Level : 1. Strong Resistance Zone at 36200-300 2. Strong Resistance at 36500 3. Good Resistance at 36000 4. Increasing resistance above 36500 Support Level : 1. 35700800 is Good Support Zone . 2. 35700 is a small Support Level . 3. 35500 is Stronger Support Level . This is not Buy and Sell recommendation to...
BankNifty opened with a Gap-up near our upper resistant line and we saw a sharp selling from upper levels as per our analysis. We bought 36300 PE in the morning around 300 which went to above 700 and Traders made a great profit. In the afternoon we also bought 35600 CE at 270 and added more at 240 which went to above 380 and again gave good profit. For tomorrow,...
BANKNIFTY : Trade Plan 12 August🕘 One of the best forms of Price Action is not to predict but To Act on price, Chart tells you WHERE, WHEN & HOW to act on price. Wait for the Decision Points on the chart To Act else don't trade. Many things can be read from the price, but you need a GREAT PAIR of EYES. Rest who doesn't understand will call it junk. E.g. One...
Good evening all, It was a good day for trading. No? Met the first target on the 'long' side in 15 minutes after a pullback and then achieved two targets on the 'short' side. Tomorrow is the weekly expiry and the index is poised at a level from where it will either climb up to around 300-400 points or be sideways within a range of 200 points. Short looks tricky...
Good evening all, Today was a bad day at the office. Had a stop after a very long time. The market was mostly in range a slipped drastically after activating our 'long' entry. While it did offer us, is 100 points, Apologies for the final target not being met. For tomorrow, the day will be as tricky as today and we need to be careful. The market is in a range...
As per our analysis, BankNifty opened flat and gave a great move after breaking the falling line and sustaining above our buying level 36150. We saw a volatile session, have updated it before market hours. BankNifty is facing resistance in the 36200 - 36300 zone, for tomorrow look for the sell-on-rise opportunity. Expectations for Tomorrow: Volatile...
Hello Traders, Following are my analysis: Resistance Level : 1. Good Resistance Zone at 36200-400 2. Strong Resistance at 36500 3. increasing resistance above 36500 Support Level : 1. 35800-900 is Good Support Zone . 2. 35800 is a Good Support Level . 3. 35500 is Stronger Support Level . No Trade Zone : 36000-36100 Imp Point: More possibility of Green Trend...
BankNifty opened flat and sustained above our buy level in the morning, Future and Call Buyers made a good profit in the morning. BankNifty also gave a Sell opportunity from upper levels and we bought 36300 PE around 360 which again gave great profit. Expectations for Tomorrow: Volatile day. Intraday Levels: Buy Above 36150 Sell Below 35890 To motivate me,...
Good evening all, Today again was a range-bound day and our entry levels were not activated. For tomorrow, across time frames the view suggested by the chart is either range-bound or if it breaches 36200, then, an upward climb of about 200 points. Nothing indicates a southside move as of now and will need to wait for the morning to provide us with better clarity....
Good morning all, *Descriptive analysis alert* Friday substantiated the saying, 'money saved is money earned. The index was in the range we had marked out. Any trade taken would have been troublesome to say the least. For what's in store for tomorrow? On the daily chart, it did move above the 35800 mark up till 36200 (dynamic support line working as...
BankNifty opened with a minor gap-up and due to RBI Policy, we saw the volatility in the morning session. After that, it was trading in a range and nothing much for Option Buyers. For the last two days, BankNifty is not breaking 35700-35680 on the downside and 36050-36100 on the upside. We would see a fast and trending move once the range breaks either...
Good evening all, Today we achieved our 1st target against our view and then it went North providing us with a good run from the bottom. For tomorrow, my view is neutral. Long side view: Buy above 36120 Target 1 - 36220 above this, trail your SL (Long SL - 100 points) --------------- Short side view: Sell below 35660 Target 1 - 35545 below this, trail your...
BankNifty opened with a minor gap-up and as we updated before Market hours, we saw a good selling at open. Overall it was a range-bound day but Option Buyers sold at the top/ bought at the bottom made a good profit. For tomorrow 35700-35680 is important to hold else we can see good selling towards 35500-35400 zone. Intraday Levels: Buy Above 36050 Sell Below...
Good evening all, 36000 done!!! Now let's do 36500. We'll then see about 37300. So what's in store for tomorrow? Well, with the run that we've had for the past 2 days, patterns indicating room above and importantly 36000 breached, we may see a surge. Hence my view stays bullish. Long side view: Buy above 36220 Target 1 zone 36425 - 36500 Target 2 zone 35050 -...
BankNifty opened with gap-up and continued the bullish momentum, It opened our Buying level and kept going up. We bought 36200 PE at 190 which gave us a good profit. As the trend is up, look for the buy on dips opportunity in the morning session. Tomorrow is expiry and we have seen 1500 points rally in two sessions, we may see rangebound day and volatility after...
BankNifty opened with a gap-up and faced resistance in the 34820 zones, it spent almost the whole day in 15 points range which was broken on the downside and we saw a good fall in BankNifty. We did sell BankNifty Fut at 34980 which made a low around 34680, booked great profit on the sell-side. Expectations for Tomorrow: Volatile day. Intraday Levels: Buy Above...