The levels are well respected and this one pattern which has worked well gives enough insight into supports/resistances for small trade setups.
P.S. Got back to trading after a while so refraining from any trade advice or trades.
BnF has reversed from the .78 fib retracement in a classic channel.
It is all set to touch the support of 25400.
With the last election budget coming up, this doesn't seem far. A massive sell-off is enough.
BANK NIFTY: WEEK-TECH-SHEET-> 21ST January 2019 to 25th January 2019
Bank nifty moves around – 577 pips from 21ST January 2019 to 25th January 2019, in which bank nifty break last week 14th January 2019 to 18th January 2019 top 27611.55 and bottom 27182.20.
As mentioned on reference 4th January 2019 evening order
Bank nifty attained target 3, yet to attain target...
Bank nifty moves around + 429.35 pips from 14th January 2019 to 18th January 2019, in which bank nifty did not break last week 7th January 2019 to 11th January 2019 top nor bottom.
As mentioned on reference 4th January 2019 evening order
Bank nifty attained target 3, yet to attain target 4
Target 4: 28000
BANK NIFTY: WEEK-TECH-SHEET-> 7th January 2019 to 11th January 2019
Bank nifty moves around + 592.50 pips from7th January 2019 to 11th January 2019, in which bank nifty breaks last week 31ST December 2018 to 4th January 2019 top 27430.55
As mentioned on reference 4th January 2019 evening order
Bank nifty attained target 3, yet to attain target 4
Target 4: 28000
BANK NIFTY: WEEK-TECH-SHEET-> 31ST December 2018 to 04th January 2019
Bank nifty moves around – 506.80pips from 31st December 2018 to 4th January 2019, in which bank nifty breaks last week 24th December 2018 to 26th December 2018 top 27239.95 as well as 17th December 2018 to 21st December 2018 top 27369.10
If it continuous positive
Buy @t Entry: 27450
Stop...
BTST IN BANKNIFTY INDEX
JAN FUT/OPT
BUY ON DIPS
RESISTANCE-TURNED-SUPPORT
CASH MARKET LEVELS
SUPPORT@27420
!!PLEASE ADJUST FOR FUTURE LEVELS!!
RESISTANCE 27730
BUY 17TH JAN 27900 CE
BUY @80
STOP@57
TARGET@120
LOT:20
QTY:25
NSE:BANKNIFTY
'A Slience before the Tsunami'
The current move explained through video Analysis. This slow upward movement is an indication of something bigger should be expected from the market.
Quote:
“If you spend your whole life waiting for the storm, you’ll never enjoy the sunshine.”
— Morris L. West
Buy range 27150-27200 with sl 27000. If any one trade writing option then better trade with 27400 PE sell. Market in uptrend so time decay will give you full support.
BANK NIFTY 2018 RECAP
bank nifty performed only + 6.46 % for the whole year, in which 28th august 2018 top 28388.65 consider to the year top where as 23th march 2018 low 23605.60 consider to be year low. nifty completed (+ or -) 4783.05 pips which seems to be range bound, for the upcoming year 2019 if bank nifty breaks 28th august 2018 top: 28388.65 and...
BANK NIFTY REBOUNDS
Bank nifty starts below previous day 24th December 2018 low 26676.95, completed positive around + 621 pip
which breaks previous week17th December to 21st December 2018 low 26823.10 as well as previous day 24th December 2018 top 26934.85
If it breaks 27029.15
Buy at entry: 27031
Stop loss: 26408
Target 1: 27186
Target 2: 27238
Target 3:...
BANK NIFTY
Bank nifty moves around + 173.85 pip but did not breaks previous day 27th December 2018 top 27239.95,
Week analysis : bank nifty completed + 831.80 pip from 24th December to 28th December 2018 which seems to be bullish but did not break previous week 17th December to 21st December 2018 top 27369.10 it is better to wait for bank nifty to break 27369.10...
BANK NIFTY OPTIMISTIC????
bank nifty starts above previous days 25th December 2018 top 27029.15, complete negative around - 394.85 pip
continue with reference 26th order
If it breaks 27029.15
Buy at entry: 27031
Stop loss: 26408
Target 1: 27186
Target 2: 27238
Target 3: 27342
Target 4: 27654
Bank nifty moves around – 257.90 pip and breaks previous week 17th December to 21st December 2018 Low Point 26823.10 which seems to be bearish
as mentioned on reference 19/12/2018 evening order
if it continuous positive trend
Buy @t Entry: 27370
Stop Loss: 27070
Target 1: 27445
Target 2: 27470
Target 3: 27520
Target 4: 27670
