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Bankniftylong

WHEN BASE IS STRONG THEN RESULT IS LIKE THIS SEE HOW ?COMPARING MY YESTERDAY STATEMENTS WITH REAL MOVE IN BNF. 1. Before starting this blog I would like to congratulate to one of my esteemed followers Mr. Arvind who is a discipline trader and this quality makes him different from others. I have been observing him for quite sometime, he is regular earner from this market. In fact , the urge to learn and be focused on his trading makes him daily earner. See todays comment box you all will be amazed by his logic to take trade and exit. Whatever I shared in previous posts , He still remember all basic points and implements in his trading room. Yesterday I did not carry any position in long side whereas he carried , when booked profit at given green dotted zone , He gave good reasons of enrty which took in second candle . Means one position carried forward in long side aand intraday entry on 2 candle. This is how trading is done. The main thing is that he tries to understand concept and remenber all previous important points while trading. That makes him Disciplined. One more thing I like how, He helped others in trades by make them remembering all points time to time to which I shared in my previous posts. That is why I tell every trader to vist comment box of previous day when current post is finished . There you will get many trading tips in form of questions and replies.I never prefer private chat until and unless thing is really private. Just because every question asked in private chat , I would like to reply publicly sothat others can also be benifited. That is the main reason to discourage private chats. I am happy slowly-2 people are understaning market and earning by helping each others through comment box. Serve people selflessly as I try to do, sharing my skill to all . If you undersatnd any concept help your co-trader. That culture I want to start in comment box. 2. Now In yesterday post in point no.1 clearly mentioned that, I quote for you " If dow sustains its gain then only gap up open can turn this resistance into up trend move." . You all can see bnf opened gap up and made a very special candle circled in green whenever you see this type of small doji in starting of uptrend then get ready for good rally. This is valid for upward trend only. when I started my career , while reading candlesticks I came through this candle from that day to till now I caught many rallies on this basis of course today one. In my last thursday post I told you that after crossing green dotted line price can go to blue line . If crosses this then sentiments will change to long. See yourself market crossed blue line and gave 400 pts rally . One of my followers was ready to short at green zone in Frustration because he missed rally to green zone . Thanks To Mr. Arvind he remianded him my instructions. Later on when price crossed blue line He also took entry with sl of that line and made good profit wrote himself in comment box. He should be thankful To Mr. Arvind to save him from such big loss. 3. In thursday post I mentioned that to travel the distance till zone will take time. Same happened took two days. See whatever be the circumstances by news My analysis never get failed because I manifest the conditions of trade first then go for entry. keeping all conditions mentioned in my mind. Can you take out any post now in 100 nos. where my conditions gets failed. Nope single time. This is the game of switching of sentiments. One should put hard work in education. Rather getting tips from others. Stand on your own. Trading Plan for next day. 1. See one thing is clear that Micro structure of down trend has changed to intermidiate structure of down trend. Otherwise micro pullback did not convert into deep retacement by taking out blue line. 2. In fig. I took my position when 1 candle got completed and did not breach the red dotted channel line and made small doji .With this candle I took my entry . See one needs to be so skillful to draw channels like I showed in red channel( upper end removed) that gave me clear vision with candlestick support for my entry.This is classic channel I made yesteday, people even cannot think about it with perfect move catching. I booked my 1 position on lower end of green channel Where Mr.Arvind booked. Then price entered into no entry area on either sides shown in white color arrow. This area is very dangerous where trend could take u Turn.2nd position I took with the sl of blue line booked near green solid line. 3. I made pink , green zone either trend can change to down from this zone or can change to red resistance. In any case price takes out red resistance then down trend will switch into main trend upwards. Onthe contrary if red line is not breached and taken out then down trend will start after this deep retracement. I cleared every condition take your trade accordingly with sl. Rest market will decide. YOGESH VATS
NSE:BANKNIFTY
by yvatsji
71
MARKET HAS CHANGED HIS FRIENDSHIP TO DEEP BONDING WITH MY CHARTSCOMPARING MY YESTERDAY STATEMENTS WITH REAL MOVE TODAY. 1. In trading plan point no. 1 what I said , quoting for you all " I yesterday shared that it is pull back so with trend move that is down side will start again." . You can see what a down move in morning . Many traders wrote in comment box about their earning points with thier blessings to me. I become really happy when somebody writes earning profit by following my chart with strict instructions mentioned in details. Even who commit mistakes also write in comment box. Thanks to them also disclosing their mistakes sothat others can not commit same. To accept your mistake in public is a courageous move. Now see same point no.1, second line where next move in bnf in first candle was hidden, only you have to mark my words because all moves have been manifested in my mind and eyes before it happens. " may be green support line will provide some pull back to give entry to shorts for those who are not the part of this trend. basically sell on rise is good strategy for bnf." you can see clear crystal that market opened gap down and then moved up to give entry to those who missed the train of down ward journey. See the manifestation of move wiith my statement. 2. Now see next line of same point no1. " targets have been given earlier. so time your trade with the help of support and resistance." you can see bnf achieved first target and changed its journey to pullback from same support given few days back. New followers can check my previous post in recent passed days, will authenticate this also. Just see two pink circles on resistance level from where price changed its direction and green two circles on support. I am not showing here even previous posts are full of these accuracy. It is the game of syncing support , resistance, zones,structures, psychologies of candles , buying pressure, selling pressure,trapping , direction , timing of entry and last timing for exit. If you are able to sync all these imformation in your eyes and mind then you can become profitable trader your own. To take money out from the hands of smart money is next to impossible without sync of all mentioned factors. 3. See any post my first job is to authenticate my statements made one day prior of move with real moves. Did i miss any day ? I write my strike rate 95% but it is !00% on record. Since market is supreme , I can be wrong anytime ,any day . But like to maintain my strikes. I do not make fool like big youtubers who impress people by showing fabricated trades. Here Everything is manifested first then match with next day real move. Consistency is infornt of you. I updated at 2.30 that structure is going to change close all shorts whether intraday or positional. Those who follow me got that update through mail . Every day i tell you pls donot ask any trade related query in trading hrs , i can not spoon feed any body here. Everytrade conditions are mentioned on chart in foem of support resistance follow with my conditions which i mention in trade plan column. Read carefully act accordingly find entry stop loss and exit. Hope you will show patience till market gets over to send your queries. Trade Plan for next session. 1. As already updated i am seeing a pull back to blue and green dotted line. This can be extented to white trendline near green arrow. If this trend line ia taken out, mind it, not breached those who are new followers pl check my few days back post on bnf , where i explained the diffrence between two things in detail. If possible or any one to write day on which i posted so that next time i will attach that post with fresh ones. I can not find myself because of my busy schedule. When i am taking pain for struggling traders, that much service can be done for your co-followers. So taken out then structure will change to trend reversal means assumed pull back will convert into trend revesal. No short only find buy setup. A green arrow is shown in fig. 2. This assumed pullback will take time to reach white trend line. On the contrary if move is swift then can be reversed. I personally feel a range bound trading session. If any condition after completion of pull back price come to second target this time may not act as support , if provide then it should be temporary. Third target will be updated while trading session through update. Rest market will decide. YOGESH VATS
NSE:BANKNIFTYLong
by yvatsji
46
Bank Nifty closed in its demand zone Bank Nifty closed in its demand zone @ 19700-19800. On the upside, there is a resistance @ 20450 and a major supply zone @ 21300-21850. On the downside, there is a demand zone @ 19100-19250. According to my trade plan, If Bank Nifty will sustain below 19100 then I will take a short position in FUT for the target of the next demand zone. I will avoid long trade in Bank Nifty but I may change my decision and may take a short position in 19000 put if bank nifty will sustain above 20500. I will update my trade in this post and you will get the notification if you follow this post. Thank x
NSE:BANKNIFTY
by Swapilchoksi
6
BANK NIFTY (16/04/2020) TECHNICAL ANALYSIS (CHARTING)As per my analysis, BANKNIFTY if breakout above (19300 - 19400), One can see an uptrend in the BANKNIFTY. If BANKNIFTY breaks the lower thin support of 18776 (approx 18700), One can see a down trend in the BANKNIFTY. Technical Analysis shows: Resistance 1: 19300 - 19400 Support 1: 18350 - 18450 Support 2: 17150 - 17250 AVOID TRADING WHILE BANKNIFTY IS NEAR IT'S SUPPORT. AS PER THE SENTIMENTS ARE CONCERNED, BANK NIFTY MIGHT TRADE BEARISH DUE TO ECONOMIC SLOWDOWN AND LOCKDOWN IN THE COUNTRY DUE TO COVID-19.
NSE:BANKNIFTYShort
by krvinay65