23-Feb-2018: We discussed that 24870 will act as the immediate trend decideer. markets now seem to have formed some sort of base at 24840-870 zones. so 24870-24880 can remain a choppy zone where both buyers and sellers remain active. Break down potential is only when we test below 24750. On the upside a break above 24970 keeps an open possibillity to test the...
12-Feb-2018: Banknifty is likely to remain range bound within 25940 on the higher side and 25320 on the lower side until the next trigger. The mid of this range roughly being the 25650 level zones.So, here are a few scenarios, look to short on rise for targets of 25450. and look to long near 25400 for targets of 25600. break of this zone can re test 25050 on the...
#BNF #banknifty futures has a consolidation zone @ 27340-27450 levels. Upside projections fr short term @ 27720 zone. break of 27340 can initiate a swing short. good confirmation will be break of 27130 levels. I'm will be in hunt for a good swing short, till then play along the market as the price action emerges. The steeper it gets on the upper trend line the...
Symmetric Triangle on Bank Nifty and it may break either side. BNF having limited upside due to EMA 50 lying on near to 18395, so price trend is downside. However, this triangle may break either side. "Safe Trade" Trade (Spot Price) Long: Buy above - 18335 Target - 18395 Stop Loss - 18285 Reward Points - 60 Risk Points - 50 Short...