The trades till 14.20 was kind of predictable, but the last 1 hour was really special. NSE:BANKNIFTY got wings ! The open was gap up at 39442 and then we started dropping gradually. At around 10.00 i posted "$BANKNIFTY PE premiums are unusually high ! either traders expecting huge downside today or maybe its good time for PE credit spread" in the bank nifty...
"Trading day, March 17th: The global market indicates a positive start, with a moderately bullish nature. It may open with a gap-up. If the market sustains around the 38% fib level, we can expect a continuation of the pullback. On the other hand, if it sharply rejects the 38% fib level, we can expect a minor correction in the form of a three-wave structure."
The FASP for BankNifty is listed for 17-03-2023 . You can add this levels to your trade setup for better results. This should not be the only indicator but an additional tool to increase your winning possibilities. What is Fibolysis Anchor SupRes Points(FASP)? It is a unique level arrived by using Fibonacci Retracement , Fibonacci Extension , Standard Pivot...
If you just saw the open & close price of NSE:BANKNIFTY , you would have missed the real drama of the day. A perfect day for the straddlers - but i am 100% confident none of the traders would have held onto their position till close to realize the full profits. Must admit there was no trend like yesterday, but there was spike in volatility in between - we will...
"Trading day, March 14th: The global market indicates a positive start, but structurally, the market's nature is bearish. It may open with a gap-up. After that, if the market sustains around the minor 38% fib level, we can expect a continuation of the pullback. On the other hand, if it sharply rejects the minor38% fib level, then we can expect a continuation of...
"Trading day, March 13:The global market indicates a positive start, but structurally the market's nature is bearish. It may start with a neutral opening or gap-up. If the market sustains around the 38% fib level, we can expect a pullback continuation. On the other hand, if it sharply rejects the immediate resistance level,then we can expect the range market to...
"Trading day, March 10: The global market indicates a negative start. The market's nature is bearish, and it may start with a gap-down. If the market takes an immediate pullback, then we can expect a range market that will reach a minimum of 61% fib level. On the other hand, there is a going sub-wave 3, which is a long wave, so we can follow that."
"Trading day, March 9th: The global market indicates a neutral start. The market nature is moderately bullish. It may start slightly negative, and if the market takes a pullback, then we can expect a pullback continuation (sub-wave 5th). On the other hand, if the initial market declines, that is a sign of a range market to correction, and it should break the fib...
"Trading day, March 8th: The global market is indicating a negative start. Structurally, the market's nature is moderately bullish. It may start with a gap-down, and after that, if the market breaks the 38% Fib level, that's a sign of a correction. The correction will reach a minimum of 50% to 61% Fib levels. On the other hand, if the market rejects around 38%,...
Levels: Support: 41200, 40900, 40700-40650 Resistance: 41250, 41320, 41460, 41750, 41900 OI Data: ---------------------------------------------------------------------| Bank Nifty => Price: 41251.35 ATM: 41300 , ITM: 41200, 41100, 41000 , OTM: 41400, 41500, 41600 ---------------------------------------------------------------------| Highest OI Call...
The FASP for BankNifty is listed for 06-03-2023 . You can add this levels to your trade setup for better results. This should not be the only indicator but an additional tool to increase your winning possibilities. What is Fibolysis Anchor SupRes Points(FASP)? It is a unique level arrived by using Fibonacci Retracement , Fibonacci Extension , Standard Pivot...
Zones Above - 41459-530, 41693-735, 41934-979 Zones Below - 41121-162, 40872-946, 40605-692, 40224-330, 39745-800, 39601
"Trading day, March 3rd: SGX Nifty indicates a positive start, but the market nature is moderately bearish. It may start with a gap-up. If the market sustains around 61 to 78%, then we can expect a rally continuation. On the other hand, if the market declines initially, we expect a correction."
"Trading day, March 2nd: The global market is indicating a negative start. Its structure is moderately bullish, but it may open with a gap-down. If the initial market experiences a pullback of around 38%, we can expect a continuation of the pullback with minor consolidation. On the other hand, if the initial market experiences a sharp decline, we can expect a...
The FASP for BankNifty is listed for 02-03-2023 . You can add this levels to your trade setup for better results. This should not be the only indicator but an additional tool to increase your winning possibilities. What is Fibolysis Anchor SupRes Points(FASP)? It is a unique level arrived by using Fibonacci Retracement , Fibonacci Extension , Standard Pivot...
Trade with Conviction. NIfty is weak compared to Bn,, initiate trades on strong candle closing basis. Look for Price action at important support and resistances.
Today was relatively flattish trading day except may be the period 13.50 to 14.10 when we had a minor scare ! There are 2 major news, one acting on the bull side & the other bearish for NSE:BANKNIFTY tomorrow ! HDFC & NSE:HDFCBANK merger news 2. India's GDP rises to 4.4% vs 4.6% estimates India's GDP Growth Slows To 4.4% In Q3; Pegged At 7% For Full Year So...
The FASP for Nifty is listed for 01-03-2023. You can add this levels to your trade setup for better results. This should not be the only indicator but an additional tool to increase your winning possibilities. What is Fibolysis Anchor SupRes Points(FASP)? It is a unique level arrived by using Fibonacci Retracement , Fibonacci Extension , Standard Pivot levels...