LONG TRADE IN BANKNIFTY INDEX
-THIS TRADE IS CONTRARIAN VIEW
-TRADE WITH CAUTION
-INDEX IS TESTING ITS 21-EMA AFTER A LONG TIME EXPECT A REBOUND
-200-BAR EMA ON HOURLY CHART IS TAGGING ALONG WITH CRUCIAL RETRACEMENT LEVEL
ACC.TO SPOT LEVELS
SHORT-TERM TRADE IN BANKNIFTY
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
TRADE IN OPTIONS
30500 14TH NOV CONTRACT CALL OPTION
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 :)
Bank Nifty looking stronger on many parameters but is showing a divergence with RSI.
Cautious approach is necessary as long as this signal is there.
31240 should act as strong support, if broken Bears may control the show. I would trade in options period spreads only and wait for clarity.
Some reliable indicators are showing weakening of momentum, without...
The Dev CPR has closed the Friday session much higher than the static CPR. It is very nicely squeezed which means a trendy move will be
Again there is a Virgin CPR down there.
A higher value relationship on Monday which means buy the pullbacks or dips looking at the price action and pivots placement.
Do watch for rejection candles on both Higher & the...
ghstocktrading.webnode.comBANK NIFTY: WEEK-TECH-SHEET->09thDecember2019 to 13thDecember2019
Bank nifty moves around +1108.65 pips from 09thDecember2019 to 13thDecember2019, in which bank nifty break last week 02ndDecember2019 to 06th December2019 bottom 31250.65.
ghstocktrading.webnode.comBANK NIFTY: WEEK-TECH-SHEET->02ndDecember2019 to 06th December2019
Bank nifty moves around -876.30 pips from 02ndDecember2019 to 06th December2019, in which bank nifty did not break last week 25th November 2019 to 29th November2019 top nor bottom.
ghstocktrading.webnode.comBANK NIFTY: WEEK-TECH-SHEET->25th November 2019 to 29th November2019
Bank nifty moves around +1107.30 pips from 25th November 2019 to 29th November2019, in which bank nifty break last week 18th November 2019 to 22nd November2019 top 31471.65.
BANK NIFTY: Breaks May Top: 31783.60
ghstocktrading.webnode.comBANK NIFTY: WEEK-TECH-SHEET->18th November 2019 to 22nd November2019
Bank nifty moves around +569.80 pips from 18th November 2019 to 22nd November2019, in which bank nifty break last week 11th November 2019 to 15th November2019 top 31205.20.