Get started

Banknity

Neutral View On BANKNIFTY Hello Guys BANKNIFY is In Range Bound If BANKNIFY Breaks 41520 Then Buy First Target 41575 Second Target 41650 Third Target 41695 If BANK NIFTY Not Closed Above 41480 And Closes Below 41390 Then Go Short First Target 41215 Second Target 41130 Third Target 41015 If BANKNIFY Breaks 41015 Then It Will Fall Upto 40955 Hope The Best Happy Trading And Protect Your Capital DISCLAIMER :- Iam Not A SEBI Registered Analyst If You Take Any Position Consultant Your Financial Advisor
NSE:BANKNIFTY
by Wealthcreation5
Expiry Special Analysis for 20th Aug'2020.#banknifty OI up by 9.03 % and price up by 0.52% % shows neutral setup and ended the day with Doji setup. Nothing much has changed today, it's an option sellers day. bank nifty was able to defend the trendline breakout whole day with low volume until we have followup buying higher side targets are tough. The trend is positive, trend changes below 21,909. Tough Resistance 22,346- 22,477 Decision Zone is marked in yellow, below negative & above positive. I won't be selling untill 22,211 is broken, SL 22,477, T 22,031 / 21,905 /21,778 /21,622. Long is only above 22,477 SL is 22,211 T 22,550 /22,650 / 22,750. Note:- We will only sell if the trendline is broken and this will confirm breakout failure. Else will ride the trend if it continues. Trade what you see not what you feel, follow it and you will feel the x-factor.
NSE:BANKNIFTY
by subhagghosh
1
UNDERSTANDING TRADING LANGUAGE IS KEY TO SUCESS SEE HOW?HOW I TRADED WITH YESTERDAY PLAN SHARED ONE DAY ADVANCE. 1. AS I DISCLOSED YESTERDAY CARRIED LONGS. SO HOW MARKET REACTED TOADY ? INFACT IT OPENED WITH GAP ABOVE DOTTED GREEN LINE ALMOST 450 PTS UP. SINCE THE PRICE WAS UP FROM DOTTED GREEN LINE I WAITED TO SEE WHETHER THIS WOULD ACT AS SUPPORT OR NOT. FEW MINUTES LATER I FOUND PRICE BREACHED IT WITHOUT DELAY BOOKED MY POSITIONS. REASON IS PRETTY CLEAR WITHOUT SUPPORT, PRICE WILL NOT MOVE UP. EVERY DAY I SHARE MY PLANING FOR NEXT DAY AND HOW I REACT WITH MOVEMENT OF MARKET WITH LOGICS SOTHAT STRUGGLING TRADERS CAN LEARN FROM ACTUAL TRADING PSYCHOLOGY. 2. THERE IS PINK CIRCLE WHICH INDICATES MARKET SPENT THREE HRS ABOVE THE WHITE ZONE WHICH EARLIER ACTED AS RESISTANCE NOW ACTING AS SUPPORT. THIS GIVES ME CONFIDENCE TO GO LONG. AFTER WAIT OF THREE HRS 4TH CANDLE TOOK EXACT SUPPORT OF GREEN DOTTED LINE I TOOK MY SECOND LONG WITH SL OF 2ND CANDLE LOW.AND BOOKED AT 6TH CANDLE . AS YOU CAN SEE IT IS NOT BULLISH CANDLE RATHER INDECISIVE TRAPING BOTH SIDES. IN DAY TRADING MARKET USUALLY PROVIDES 1 TO 3 CHANCES FOR TRADING .I OBSERVED THIS IN LAST 14 YEARS. SO THAT WAS THE END OF TODAY TRADING .BNF FOLLOWED RED STRUCTURE SO I FOLLOWED SAME. TRADING HAS A LANGUAGE WHICH PEOPLE DO NOT TRY TO UNDERSTAND AS IT REQUIRES LOT OF TIME ,HARD WORK AND DEDICATION WITH PATIENCE . PLAN FOR 29-4-20 1. TO DAY I DID NOT CARRY ANY POSITIONS. IN RED COLOR TRENDLINE BNF IS MOVING IN IMPULSIVE WAVE. TILL THEN GREEN COLOR TREND LINE IS NOT BREACHED PRICE WILL MIOVE UP. I SHOWED TWO STRUCTURES IN WHITE COLOR FOR CORRECTION. AFTER BREACHING TREND LINE PRICE DO NOT COME BACK IN 15 MIN THEN CAN TAKE ANY OF TWO STRUCTURES. ALL LONGS SHOULD BE SQUARED OFF. CORRECTIVE STRUCTURES MEANS RANGE BOUND TRADES LET BNF MAKE LOWER RANGE THEN DECIDE DIRECTION. IN CORRECTIVE PHASE MARKET TAKE BACK ALL EARNED IN IMPULSE WITH COMPOUND INTREST .SO NEEDS GOOD EXPERTIES TO TRADE THEM. 2. A RED COLOR SMALL LINE IS FOR TWO HRS TRADING IN FIRST TWO HRS IT IS BREACHED AND PRICE DO NOT COME BACK IN 30 MINS.THEN TREND CHANGES TO RANGE BOUND. IF MARKET OPENS DOWN AND BELOW RED SMALL LINE AND DO NOT RECOVER IN 30 MINS THEN TREND CHANGES TO RANGE BOIND. BLUE COLOR LINE IS THE LAST LIMIT OF RANGE BOUND TRADES IF TAKEN OUT THEN DOWN TREND WILL START. SO I HAVE THESE SITUATIONS IN MY MIND I WILL ACT ACCORDINGLY. 3. FOR UP MOVE RED COLOR ZONE IS SECOND TARGET TO COVER LONGS. FIRST IS GREEN COLOR CHANNEL UPPER BAND. REST MARKET WILL DECIDE. YOGESH VATS
NSE:BANKNIFTYLong
by yvatsji
1
PERFECTLY UNDERSTOOD MOVE ON FRIDAY TOADY FRUITUL RESULT!!HOW I FACED MARKET TODAY ON PREVIOUS DAY MANIFESTATION OF MARKET MOVE BEFORE IT HAPPENED. 1. ON FRIDAY EVENING I DISCLOSED IN MY POST THAT I CARRIED MY POSITIONS IN LONG SIDE. YOU ALL KNOW I CARRY ANY POSITIONS, I OPEN IN FRONT OF YOU . SOTHAT YOU CAN AUTHENTICATE MY STATEMENTS WITH THE REACTION OF MARKET NEXT DAY. 2. WHEN BNF OPENED GAP UP NEAR THE END OF LOWER ZONE , I BOOKED MY POSITION IN FIRST TEN MINUTES. SINCE I WORK IN OPTIONS SO I DO NOT WANT TO LOOSE PREMIUM. AS YOU ALL KNOW IT DECREASES VERY FAST IN VOLATILE MARKET. WHATEVER REASONS I SHARE WITH YOU KEEP THAT IN MIND FOR YOUR TRADING. 3. SEE THE WHITE COLOR ZONE GIVEN LAST WEEK, HOW IT WORKS EVERY DAY. I CIRCLED IN PINK. ON THRUSDAY IT SPENT ALMOST THREE HRS AT UPPER END OF ZONE. DESPITE HAVING GOOD MOMENTUM COULD NOT BE TAKEN OUT. THERE IS DIFFRENCE BETWEEN TAKEN OUT AND BREACHED. TECHNICALLY YOU ALL HAVE TO UNDERSTAND IT. NOW ON FRIDAY LOWER END OF THE ZONE ACTED AS RESISTANCE. EVEN PRICE COULD NOT BREACHED IT. THIRD DAY MONDAY SPENT ALMOST FIVE HRS BUT COULD NOT BE TAKEN OUT. SEE THE ACCURACY OF ZONE GIVEN FEW DAYS BACK WHEN THIS MOVE WAS NOT STARTED. THIS IS THE SKILL TRADER SHOULD KNOW HOW TO CALCULATE THIS IN YOUR ANALYSIS. TODAY ALSO I CARRIED LONGS. LET'S SEE MARKET BEHAVE TOMMOROW. 4. YOU MUST HAVE NOTICED THAT TODAY BNF FOLLOWED HALF PART OF GREEN STRUCTURE I SHOWN IN PREVIOUS POST. REST WILL BE COMPLETED TOMMOROW. TRADING PLAN FOR 28-4-20 1. TWO STRUCTURES HAVE BEEN GIVEN IN FIG. ONE RED AND OTHER WHITE. IF GAP UP OPEN THEN RED WILL PREVAIL . ON OTHER HAND IF GAP DOWN THEN WHITE WILL WORK. 2. BLUE IS THE SENTIMENTS CHANGING LINE , IF BREACHED AND DOESNOT RECOVER IN 10 MINS THEN LONG SHOULD BE SQUARED OFF. ONE SHIOULD WAIT PRICE SHOULD COME NEAR GREEN LINE OF CHANNEL . IF TAKE SUPPORT AND MAKE SUPPORTIVE CANDLES THEN LONG CAN BE INITIATED . ON BREAHING OF GREEN CHANNEL DOWN SENTIMENTS WILL CHANGE TO DOWN SIDE. THEN I WILL FIND DOWN SETUP. AS TOLD SEVERAL TIMES TRADING IS THE GAME OF CHANGING SENTIMENTS. SO ONE SHOULD ALWAYS KEEP THIS IN MIND WHILE TRADING. IN NEAR FUTURE HOW BNF WILL REACT THAT I HAVE ALREADY SHARED IN YESTERDAY POST. THOSE MISSED CAN SEE SUBLE ANALYSIS .REST MARKET WILL DECIDE. YOGESH VATS
NSE:BANKNIFTYLong
by yvatsji
2
HOW NIFTY WILL BEHAVE IN NEXT WEEK SEE COMPLETE ANALYSYSLAST WEEK I SHARED THE SAME SETUP OF DAILY CHART , PRICE IS HOVERING IN YELLOW CIRCLE.ONE WHITE COLOR SUPPRT LINE IS INTACT. A UPWARD SLOPING CHANNEL IN GRREN COLOR IS INTACT. TILL PRICE REMAIN IN THIS CHANNEL NIFTY IS SUPPOSED TO MOVE UP SIDE. IN ANY CASE I F GREEN CHANNEL IS BREACHED THEN LONG POSITIONS FOR THIME BEING SHULD BE SURRENDERED. ON THE CONTARY ONE SHOULD WAIT OR PRICE TO COME NEAR WHITE SUPPORT LINE TO FIND BUYING SETUP. ONLY THEN RE-ENTER IN LONG. IN ANY CASE WHITE SUPPORT IS BREACHED THEN DOWN SENTIMENTS WILL FLOW . ONE HAS TO FIND ENTRY IN DOWN SIDE. SINCE CANDLES IN YELLOW CIRCLE ARE IN CORRECTIVE STRUCTURE SO CAN POSSIBLE MARKET TEST GREEN CHANNEL LINE THEN START MOMENTIUM IN UP SIDE. NEXT WEEK SHOULD BE BULLISH . FIRST TARGET IS LOWER END OF WHITE RESISTANCE ZONE. THE CANDLE MADE ON FRIDAY ,IF THE HIGHT OF THIS CANDLT IS BHREACHED THEN LONG SHOULD BE TAKEN. WITH THE SL OF MONDAY LOW. FOR SHORT ENTRY THE LOW PREVIOUS CANDLE IS BREACHED AND RED SUPPORT IS ALSO BREACHED THEN HIGH OF MONDAY CANDLE WILL BE SL TO WXECUTE SHOETS. IN MY POST I DISCUSS ALL ENTRIES WITH SPECIIC CONDITIONS THAT SHOULD BE STRICTLY FOLLWED . TRADING IS A GAME OF PROBABILITY . MARKET HAS POTENTIAL TO CHANGE ITS SENTIMENTS ANY TIME. IT IS THE GAME OF DIRECTION PLUS TIMING. REST MARKET WILL DECIDE.
NSE:NIFTY
by yvatsji