Bank nifty is at 0.618 fib level in 1D TF and trading above 5 EMA. Hence, it is already overbought and needs a good pullback before beginning of next upward journey. A pause before the new move. View not valid if it breaks previous week's high.
#BankNifty If 38850 hold as a high then 36500 is possible.
my interpretation of path bank nifty can take in coming weeks if it is nearing bottom for short term. Please do not trade this before you do your own analysis.
Multi=Time Frame Analysis: Monthly Fake Breakout, as November's candle closed below the breakout candle of October month Weekly neutral candle printed High:36844.00 & Low:35327.90 Daily Good Breakdown candle's high not taken out & is acting as resistance, also there is a gap. Hourly - sideways movement of price seen with no strong breakout or breakdown...
🛑 Shorting strikes purely based on india vix volatility index and Standard Deviation - we can short one side either CALL or PUT side / if we do both then we can conclude that it is short strangle - Short 38100 CE and Short 36600 PE 🛑 we can observe that market may be stays in between within the mentioned strikes - if we short both side / if we did short...
🛑 Shorting strikes purely based on india vix volatility index and Standard Deviation - we can short one side either CALL or PUT side / if we do both then we can conclude that it is short strangle - Short 38200 CE and Short 36800 PE 🛑 we can observe that market may be stays in between within the mentioned strikes - if we short both side / if we did short...
🛑 Shorting strikes purely based on india vix volatility index and Standard Deviation - we can short one side either CALL or PUT side / if we do both then we can conclude that it is short strangle - Short 38000 CE and Short 36500 PE 🛑 we can observe that market may be stays in between within the mentioned strikes - if we short both side / if we did short...
🛑 Shorting strikes purely based on india vix volatility index and Standard Deviation - we can short one side either CALL or PUT side / if we do both then we can conclude that it is short strangle - Short 37800 CE and Short 36500 PE 🛑 we can observe that market may be stays in between within the mentioned strikes - if we short both side / if we did short...
🛑 Shorting strikes purely based on india vix volatility index and Standard Deviation - we can short one side either CALL or PUT side / if we do both then we can conclude that it is short strangle - Short 38500 CE and Short 37500 PE 🛑 we can observe that market may be stays in between within the mentioned strikes - if we short both side / if we did short...
Banknifty as we said underperforming Nifty has proven our words. As per trend it is trading below a descending trendline and also broke it's 38200 support level, if price isn't able to cross 38200 then we can see 37700 soon which will be a support level and next to that support is at 37000. On the upper side resistance is at 38200 and 38600.
🛑 Shorting strikes purely based on india vix volatility index and Standard Deviation - we can short one side either CALL or PUT side / if we do both then we can conclude that it is short strangle - Short 38700 CE and Short 37500 PE 🛑 we can observe that market may be stays in between within the mentioned strikes - if we short both side / if we did short...
> As We can see Bank nifty break major Support and closed. >Again Bank nifty may Retest 38100 and fall up to 37700 which is our 1St Support. If Level 37700 Breaks then 37400 Will be the 2nd Support. >Support will Become Resistance and Resistance will become Support once the level Breaks. *Always Enter With good confirmation & Maintain proper Risk...
🛑 Shorting strikes purely based on india vix volatility index and Standard Deviation - we can short one side either CALL or PUT side / if we do both then we can conclude that it is short strangle - Short 38900 CE and Short 37800 PE 🛑 we can observe that market may be stays in between within the mentioned strikes - if we short both side / if we did short...
🛑 Shorting strikes purely based on india vix volatility index and Standard Deviation - we can short one side either CALL or PUT side / if we do both then we can conclude that it is short strangle - Short 39300 CE and Short 38200 PE 🛑 we can observe that market may be stays in between within the mentioned strikes - if we short both side / if we did short...
🛑 Shorting strikes purely based on india vix volatility index - we can short one side either CALL or PUT side / if we do both then we can conclude that it is short strangle - Short 39500 CE and Short 38000 PE 🛑 we can observe that market may be stays in between within the mentioned strikes - if we short both side / if we did short strangle then ◽if...
🛑 Shorting strikes purely based on india vix volatility index - we can short one side either CALL or PUT side / if we do both then we can conclude that it is short strangle - Short 39000 CE and Short 38000 PE 🛑 we can observe that market may be stays in between within the mentioned strikes - if we short both side / if we did short strangle then do follow...
🛑BANKNIFTY trading below 21DMA this will act as Resistance (39647), - 50 DMA will act as Support , 38264 level will be crucial to hold banknifty - Bank Nifty WEEKLY Pivot is at 39618.2 🛑 keys Levels to watch out for day traders ◽ resistance is at 38900-39000 -with the stop loss of 38850 - we can see target of 39300 ◽ Support Levels is at 38400-38300 - with...
🛑 Shorting strikes purely based on india vix volatility index - we can short one side either CALL or PUT side / if we do both then we can conclude that it is short strangle - Short 39500 CE and Short 38500 PE 🛑 we can observe that market may be stays in between within the above range - if short both side / if we did short strangle if breakout at 39300 happens...