Market might be in up trend but the rally might have a upper limit zone.
The massive bull rally closed today with a large sell candle on the hourly chart, with good volume, from 21600 odd levels. There is a minor hiccup at 20900-21000 levels which should serve as pivot point for expiry. If the index sustains above 21000 for some time it can move up to test today’s high of 21600. A decisive move beyond that will take the index up to...
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....
COMPARING MY YESTERDAY STATEMENTS WITH REAL PRICE MOVE IN BNF TODAY. 1. In point no 1. of trading plan section I mentioned is quoting for your consideration. " the high of today is sl for coming days for positional shorts. All zones will provide support by converting into micro zones." See In fig yesterday high worked as sl price even not dared to go close near...
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....
Nifty Bank reached the target of 20150 with almost no breaks. However, it failed to sustain above 20150 suggesting a supply zone at the resistance level. The negative crossover of Stochastics further confirms a possible minor correction in the coming days up to 19000.
COMPARING MY YESTERDAY STATEMENTS WITH REAL MOVE TOADY. 1. In previous post point no 1.( Trading plan ) Today's whole trade I depicted in my first sentence quoting for your consideration " zone 4 end will be my sl for for long side trade." If you see more than half day bnf spend long side. Since market opened exactly up of zone 4 upper end ,therefore, that...
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....
COMPARING THE YESTERDAY STATEMENTS WITH REAL PRICE MOVE TODAY. 1. In yesterday statement point no. 1, in first line (Trade plan ) I stated that quoting for your consideration. " you see zone 3. at upper end I made green circle if any case by gap up opening or while trading this is even breached then it will be confirmation of trend changed to upside only. " I...
COMPARING MY FRIDAYS STATEMENTS WITH REAL PRICE MOVE IN BNF TODAY. 1. In my point 4 ,I clearly mentioned "If red dotted line is crossed upside then zone two will be target." You can see bnf opened gap up and in first hour it achieved my quoted target. In point No5. I mentioned " structure is direction less depends upon next trading session opening ....
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....
COMPARING MY YESTERDAY STATEMENTS WITH REAL MOVE IN TODAY'S TRADING. 1. In last statement point no. 3 of trading plan column quoting for your consideration " bnf has to continue down trend then red upper zone should be intact. on other side if market takes support between two blue area then chances of structure change to up side will prevail." N ow see today's...
Nifty Bank closed above 19000 quite decisively towards the end of this week confirming the pullback rally from 17140. Bulls have a higher ground of taking the index further up to 20000-20150 odd levels once it breaches a minor resistance at 19450-19500. However, the index could slip to 18250 odd levels in case 18700 is breached on the downside. In case the index...
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....
18700 will act as a pivot point for Nifty Bank with upside reaching upto 1800-20000 levels. If unable to sustain above 18700, the bank index will try and take support at 18200, which had earlier served as resistance but quite easily taken out today. A close below 18200 this week will give an upperhand to shorters in the market.
COMPARING MY YESTERDAY STATEMENTS WITH REAL MOVE IN BNF TODAY. 1. Before starting this , I would like to share something with you all. As new followers are joining every hour so you need to understand some points so that quest of new comers and satisfaction of genuine seekers can be handled easily in coming days. See My mission is to eradication the ...
Shorting opportunity below 19000 with an Sl @ 19310for a target of 18500 Disclaimer: All views and chart analysis shared are purely for knowledge and information purpose only. Our analysis is intended only to provide general and preliminary information to investors and traders. It shall not be construed as the basis for any investment decision or strategy. Our...
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....