Bank Nifty: Not expecting one way fallHello,
Please find the next supply and demand zones in the chart.
Today was a perfect juicy short trade but I think now juicy short trade is over. On the down side there are multipal demand zones. In any case if it will break last low near 30600 then it may test next demand zone @ 30350-30450.
In this case I will take my trades through option writing.
Trade Well
Bankniftylong
BANK NIFTY: My Trading PlanHello,
Bank Nifty may be stronger then Nifty in coming days.
Major Supply Zones @ 31530 and 31750
Minor Demand Zone @ 31070-31150
Let's see on Monday weather it will hold it's minor demand zone or not. If it will manage to hold this level then this demand zone will get more stronger.
Option Writing will be the best strategy instead of Future trading because there are multiple demand zones on the down side and supply zones on the upside.
I will update this post during the Intraday.
Trade Well.
Bank Nifty Weekly Analysis - Important Level will Hold or NotHello,
In previous week Bank Nifty filled the one pending gap @ 31800-31870. After all time high BNF is making lower low and higher low.
In this week important 1st important level to hold is 31050-31150 and 2nd is 30600-30650. Below 30600-30650 it may test 30350-30400-30450 which is a next strong demand zone.
If BNF will hold 31050 and 30600 then it may trade sideways or sideways to positive. In this week BNF may stronger then NF.
In this week I will focus on Option writing instead of Future trading.
Trade Well
Bank Nifty Supply and Demand Zones.Hello,
Please find the Supply and Demand Zones in the chart.
My Intraday Plan:-
1. If it will sustain above 311350 then I may take a long position for the target of next supply zone.
2. If it will not manage to sustain above 31050-31150 then I may sell 30500 Put because it's not easy to break and sustain below 30450-30500.
Trade Well
BANKNIFTY forming a bullish flag patternThere is a strong probability of Nifty Bank breaking the current trend and a huge upward movement will be the result of this. After the movement, it will face resistance at 32335 level. 32286 level will be broken, so entry in the range of 32280-32290 is recommended. This will have a risk to reward ratio of 1:1.02.
Bank of India _ PSU banking index set up move up? Momentum signaBANK OF INDIA: Banking stock specially PSU banks have kept up bank nifty. All PSU banks are strongly poised to move up. The prices have moved up from the daily TS, as of now the prices are inside the kumo, once a breakout is registered the Bank of India is expected to reach 83 levels, the next level of resistance. Till the prices are above 63 the analysis stands true.
HERO MOTOCORP: Losing Trend Strength? HEROMOTOCORP: The stock has been into tight sideways consolidation since few week. The whole auto sector picked up, leaving behind hero motocorp. In todays session the price broke away from the kumo. Even on the weekly charts the price is below the kumo. RSI is into 60 – 40 zones, displaying no signs of strength as of now. To establish strength Heromotorcop needs to display strong price or momentum moves, failing to do so may intensify selling pressure. A strong close above 2750 may save the stock!
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BOB LIKELY TO FINISH ITS CORRECTIVE MODE SOON ACCUMU FOR 144-15011-10-19
BOB is showing some support around 85.65 zone
if broken it is likely to continue its fall which started in Jan 15.
What is probable is to find support in 82.65-74.95 zone and
if this happened we can see 150 levels in coming months
Long on pullback
SHORT-TERM TRADE IN BANKNIFTY F&0SHORT-TERM TRADE IN BANKNIFTY
VIEW:-
INDEX IS HOLDING ITS 21-BAR EMA ON HOURLY CHART
THIS SHOWS STRENGTH IN UP-TREND
TRADE IN BANKNIFTY 28TH FUTURE CONTRACT
LEVELS ARE ACCORDING TO SPOTS PLEASE ADJUST FOR FUTURES
BUY @30300
STOP @30200
TARGET 1@30450
TARGET 2@30550
TRADE IN OPTIONS
30500 14TH NOV CONTRACT CALL OPTION
BUY @330
STOP @260
TARGET 1@500
TARGET 2@600
LOT:20
QTY:15
BankNifty still bullish till 30400 if 29950 is maintained
Today BNF made high of around 30140+, again huge move upside, since our longs were present since Muhurut day we booked partially today and now TSL from 29950 for tgt or 30400+, however if 29950 is not held we might see some trend reversal for swing traders.
So be careful, only money safe is the money in your pockets, so book whenever you can :)
BNF may hit 30400-500 if we are lucky in couple of daysThis is just speculative view, on the day of Muhurat BNF had given signs of breakout and today it had a very strong rally of over 1%, tomorrow we may have some premium eating, but I expect rally to continue to 30400-500 in next couple of days, maybe to day of expiry. Determining time for such a thing can be like looking into crystal ball, but I have confidence in this view to certain degree, lets hope bulls are really as strong as they are showing it to us.
I hope some ppl had very good profits if they read my muhurat day view.
Lets see, you think otherwise? Let me know why in comments :)
Bank Nifty - looking strong at 29411.Bank Nifty expressed good strength throughout the day and closed in the positive zone.
Even the "EMA on RSI Indicator" did not give any SELL signal, it crossed an important Resistance / Supply zone of 29325 to 29400, and traded above that for some time and even closed a tad over 29400.
Long positions can be retained as long as 29230 holds, target on the upside are 29670, 29870, 29980 and higher.
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This post is not an advice to speculate using leveraged financial products, one must understand financial implications involved, consult some financial consultant before taking any positions.
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