Note: This is for educational purpose only. Unless there is a movement beyond this channel, there seems to be a movement within this channel.
Last day we saw a big fall in banknifty in the second half due to huge profit booking. Today also we see big movement in banknifty due to expiry. In the first hour, banknifty may trade between 21050 to 21950. If banknifty not able to hold above 21000 levels we will get big downfall of 500-1000 points. Today the market may be cautious so trade safely.
COMPARING MY YESTERDAY STATEMENTS WITH REAL MOVE IN BNF TODAY. 1. In trading plan first point is quoting for your consideration " i made a pink color channel to show first sign of weakness price has to take this channel out then second sign a yellow color dotted line which price has to take out in 15 min time frame. if these two conditions are satisfied then...
COMPARING MY YESTERDAY STATEMENTS WITH REAL MOVE TODAY. 1. In yesterday post point no.1 trade plan what I mentioned is quoting for your consideration " it does not mean that tomorrow it can not open up or while trading can go to upper band of blue zone." . You can see the price in last candle closed exactly at upper band of blue zone circled in white . Just...
BANK NIFTY LOOKS to topout at triple top
COMPARING MY STATEMENTS GIVEN ON FRIDAY WITH REAL MOVE TODAY IN BNF. 1. In trading plan column point no.3 is quoting for your consideration " if any case price takes out green zone on lower time frame then blue zone lower end will be my target." You can see price opened exactly on lower band of green zone and took support and taken out condition was fulfilled...
PSYCHOLOGY OF BLIND MIND SET. 1. Today before staring comparing my yesterday statements I would like to discuss the blind psychology of many traders who have been made habitual of asking tips for trading. The vested interest people who themselves unable to earn from market make blind to give tips first free then chargeable. Since traders don not want to study...
COMPARING MY YESTERDAY STATEMENTS WITH TODAYS REAL MOVE IN BNF. 1. The title of yesterday post "initial long trend started in bnf will it be moved further see." Why i gave this title is proved by today's move in bnf . In point no.1 {trade plan} "if price breach the lower solid pink line and do not come back in 30 mins then one should cover c/f long." Can you...
COMPARING MY LAST WEEK STATEMENT WITH THIS WEEK MOVE. 1. In previous post point no.2(trade plan) I mentioned clearly is quoting for your consideration " if price break green dotted line and fulfill the taken out condition for this trendline with pink dotted line then i will be bullish . " .You can see in today trading price breached this trendline circled...
NSE:BANKNIFTY These are the Important levels for the Bank Nifty BUY & SELL * The Pink Lines are for Buying Points * The Black Lines are for Selling Points Through This we can Find the Momentum of direction to trade in Bank Nifty Options This Levels are only for Education Purpose....
Hello Trader, Here is the full analysis of BANKNIFTY: 1) Monthly - This support can be tested at 19900 of two supports are broken 2) Hourly - It is forming lower highs and lower lows and is below the trend line and can test this trend line to break upside. Action Due to the huge volatility in prices and weak markets globally one can see a downfall to test...
COMPARING MY YESTERDAY STATEMENTS WITH TODAY'S REAL MOVE IN BNF 1. In point no.1 of trading plan what i mentioned quoting for your consideration ."last half hour buying may be deceptive.' Can you see now whole day was trending bear day. That is why I called it deceptive. In same point no1. I mentioned one more thing" red (arrow) is below pink if price do not...
Above given are support and resistance levels for tommorow. I would prefer you to buy above R1 levels. And sell below S1 levels. Before you take any trade, please check the trend and these levels.