BankNifty opened with a minor gap-down and we saw a trending move after breaking out the triangle pattern. We have bought 34700 and 34800 CE and both gave good profit. We also tried 34900 PE near resistance but it didn't work. For tomorrow, would be looking for a buy-on dip opportunity as we got the breakout in BankNifty and positionally we can look for the...
Good evening all, Despite the mostly sideways market today, we were able to reach the first target. For tomorrow again, my view stays on being 'Long' as the trend of making higher lows continues: Long side view: Buy above 34860 Target 1 34940 - 34950 Target 2 zone 35050 - 35200 Long Target 3 - 35340 above this, trail your SL (Long SL -...
Good evening all, Friday was non-tradable unless you were scalping and stuck between the SL zone we had marked. For tomorrow, since we have been seeing higher lows and 34750 being tested multiple times, long is a good possibility; Long side view: Buy above 34780 Target 1 zone 34840 - 34850 Target 2 zone 34940 - 34950 Target 3 zone 35050 - 35200 Between this zone...
BankNifty opened with a gap-down and took support near 34500 zones, It was a range-bound day and BankNifty spent the whole day in the 270-280 points range. For tomorrow, safe traders wait for this range to break and book profit quickly as both Nifty and BankNifty is in tight range and we should be booking profit quickly. Expectations for Tomorrow: Volatile...
Good evening all, Today was a rather devious expiry ---- of the sellers, by the sellers & for the sellers. Our long side SL was saved by 6 points and then it hit the 1st target. While my view for tomorrow is long, I will be watchful of the move down as well; Long side view: Buy above 34850 Target 1 - 34950 Target 2 zone 35050 - 35200 Between this zone and above,...
BankNifty opened with a gap-up and it faced resistance at 34800. We bought 34900 PE at 200 which went to above 350 in just 5-10 mins. We update before market hours that the Market would be negative/unsteady until 11:55 which Market respected and we book profit in 34800 PE twice and 34900 PE. We also bought 34500 CE around 12:00 which also gave good profit....
Good evening all, What a day for us. Today, the index was true to its nature.... VOLATILE and how? Hope you did make a bunch. So what in for tomorrow? Well, monthly expiry and expiries are seldom boring. So, while we get excited, we must be watchful. My view for tomorrow too is neutral; Long side view: Buy above 34600 Target 1 - 34759 Target 2 - 34840 Target 3...
BankNifty opened flat and start falling in the opening, It took support from the 34100 zones and we saw a good recovery in the second half. We have updated when it broke the falling line and we saw a good rise from 34275-34300 levels. Expectations for Tomorrow: Range-bound, Volatility after 1:00 PM. Intraday Levels: Buy Above 34600 Sell Below 34380 To motivate...
Good evening all, Like I mentioned yesterday, not a good sign or a place to be for BankNifty traders. Nothing is indicative of a confident trade. We need to be careful and we will be... How? CLOSE of the candle is very IMPORTANT. And, we will exercise our patience. My view for tomorrow is neutral. So; Long side view: Buy above 35000 Target 1 zone 35180 -...
BankNifty opened with a minor gap-up, broke, and sustained above 35120 which was our buying level but after making high around 35185 we saw the rejection from upper range and it broke the 34870 which was our selling level and came towards our first target. As mentioned yesterday BN is showing weakness and Sell on rise would be the approach for...
Good evening all, A sideways market is never a good sign. It means, indecision and a potential reversal. So, are we going to see a downtrend? Maybe, maybe not. Having said that, my view is still bullish for where it still is. So; Long side view: Buy above 35140 Target 1 - 35230 Target 2 zone 35350 - 35380 Target 3 - 35475 (Long SL -...
BankNifty opened with a minor gap-down and broke our Sell level at the opening, it was taking support in the 34750 zones and we bought 800 CE around 270 which immediately went to above 400. We again bought 34900 CE on the dip around 270 which went to above 355 and met all our targets. Despite good results in ICICI, Axis and Kotak Bank BankNifty was facing...
Hello Traders, Following are my analysis: Resistance Level : 1. Good Resistance Zone exists at 35100-400 2. Stronger Resistance at 35500 3. Good Resistance at 35700. 4. Strongest Resistance at 35000. * Increasing resistance above 35000. Support Level : 1. 34800 is Strong Support Level . 2. 34000 is a Strong Support. 3. 34500 is Stronger Support. 4. 34200-300...
Good morning all, Friday was like that Hindi movie where the Hero reaches his destination to vanquish the villain, only to find his mother tied to post and has to drop his weapon.... Our targets were missed just like that (~30 points on each side). But that's past and let's look ahead. My view is bullish for tomorrow based on the current position of the index...
BankNifty opened with a minor gap-up and near 34820 we saw a rejection of 400 points, we bought 34700 PE at 250 which went to above 500 in just 10 mins. We bought 34800 at 200-210 which also gave great profit. Traders booked crazy profit in Options and we closed the day in just 30 mins of trading. For Tomorrow, due to the ICICI Bank result, BankNifty may be...
Good evening all, Today was a gap up opening of 200 points and gave us an entry on the long side level to meet our 1st & 2nd targets at 35000 (just 11 points shy of 35K). And, I am indecisive on a directional view for tomorrow as the no-trade zone for me is huge, ~500 points actually. Outside of that; Long side view: Buy above 35000 Target 1 - 35125 Target 2...
BankNifty opened with a gap-up and went up to 34989, we suggested selling BankNifty Fut around 35050 against which it made a high of 35049 and we saw more than 400 points fall from that zone. We also bought 35200 PE in the morning and booked great profit in both the trades. For Tomorrow, Buyers be cautious until BankNifty crosses and sustains above...
Hello Traders, Following are my analysis: More possibility of Market opening Gap Up Resistance Level : 1. Good Resistance Zone exists at 35200-400 2. Strongest Resistance at 35000 . 3. Stronger Resistance at 36000 4. Strong Resistance at 34800. * Increasing resistance above 35000. Support Level : 1. 34500 is Strongest Support Level . 2. 34000 is a Strong...