Good evening all,
My view stays.
For tomorrow however, let us turn the tables. You tell me what I need to do. Look at the chart and post your thoughts. Trend lines have been drawn for you. Suggest levels.
HINT: Maintain the R&R ratio of 1:1 on the SL side.
So;
Long side view:
?????
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Short side view:
?????
*** This is a view and not necessarily...
Good evening all,
In my forthcoming week's view, I have indicated the index to reach 40,000 - 40,200. And it could do that if it needs to sustain the 39000 levels. Hence the Monday session is very important. It will define the week for us. Largely again, 39300 - 39000 looks like a range.
So;
Long side view:
LET US WAIT AND SEE
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Short side...
Good morning All,
Starting today, I will also be posting my near term view on BNF. Every Sunday, along with Intraday view for Monday.
And here it goes...
Mount 40,000? Well, the daily chart sure does suggest that basis following considerations:
1) One key reversal point at 39000 being comfortably breached on Thursday
2) Index was in a channel forming higher...
BN at a crucial level looking very bullish with good volume build up and taking vwap, pivots and rsi as confluence we can go for a buy if it breaks 39400 level.
BankNifty has broken its previous All-time High of 37708 and closed above this level. BankNifty forming higher lows and following an ascending triangle pattern.
Possibility 1 - After consolidation at upper levels, BankNifty breaks the upper yellow line and moves towards marked green targets on the chart.
Possibility 2 - BankNifty may come down to retest the...
NSE:BANKNIFTY
just now
NSE:BANKNIFTY
As per this harmonic pattern, one can see banlknifty can reach till 42808 before meaningful fall, so ultimately buy on deep.
******whatever charts or levels sharing here are just for educational purpose only, not a recommendation. Please do your own analysis before taking any trade...
Banknifty gave a good rally in the last trading session.
Now it can touch 39769 on spot.
after that, it can go into a profit booking zone for the upcoming week.
Buy- 39200ce (when it closes above 39400 on the spot chart).
Target- 60-100 points.
SL- 40 points (trail SL to CTC once it reaches the first target or book half).
What a Crazy Bull Run :).....
As Predicted and Level given earlier. the market open gapup with global positive sentiment and goes sideways hunting only Stop Losses of Option Buyer. Suddenly as our level broken a huge momentum seen. There are two reason one call writer at 39000 level get trapped and also 3 days is holiday due to which week hand closed their...
Do not trade in between 38460 - 38060
Buy Above 38460 for the Targets marked on Chart
Sell below 38060 for the Targets marked on Chart
Make entries only when the price action is suitable respecting to the trendline
Take Entries when Market sustains above / below our levels
Avoid entries , if there is a Huge Gap Up / Gap Down
Take Entries as per Price...
Good evening all,
Today: While I mentioned yesterday that it might just... It did.... Almost 37779 testing the another reversal point. From here the long road is ONLY above 38800 and up to 39000. Again, if it does.
Tomorrow: The index after reversing from a strong supply zone, is looking down and potentially may get stuck in 400 point range. If it breaks...
BANKNIFTY
Bank Nifty was bullish from two days, one small retracement needed during this expiry and changes to touching 39000 for BankNifty. It all depend on what Level this expiry closed
These levels are just for educational purposes only and my personal view.
