bank niftyHTF bias for Bank nifty is still bearish, hence i expect once again bear run tomorrow...
if we have Gap up opening - then we can expect price to react at H1 Supply from there we can look for SELLS
- if price broke H1 Supply we can look for counter trend buys from H1 block though its a risky one (as price will be in premium zone)
If we have Gap down opening - then we can expect the Sells from either H1 BB/SnR zone or any other OB responsible for BOS
Bnf
Bank nifty Price broken the Daily Minor Swing Low, so we can expect retracement to upside, means there will be bull run or GAP up opening tomorrow,
1.If market opens Gap up above or break through M15 Supply , then look for buy from M15 Supply at pullback and H1 Supply will be your target... Then look for LTF BOS in H1 Supply and Sell from there till H1 demand
2.If market opens Gap down below H1 Demand or break through H1 Demand then look for Sell from H1 Demand zone or from M15 Supply
BANK NIFTYas stated in chart, i'm expecting 2 of these scenarios.
Bullish - Price broken the H1 high and fell down but it didn't broken H1 low instead price showed some reaction over H1 demand zone, so we could probably expect price to shoot up if it broke the EQH and M15 BB
Bearish - Price can either reject from M15 BB or it can reject from M15 Supply after filling imbalance - as it continue its original order flow
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Bank Nifty Buy to Sell SetupBank nifty recently broken major swing low, hence i'm looking for major sell at premium level... price currently retracing to upside hence look for short term buy to long term sell... note always look for lower time frame break of structure before taking any trade at POIs
BankNifty Intraday view for 06-08-2021Good evening all,
Today we achieved our 1st target against our view and then it went North providing us with a good run from the bottom. For tomorrow, my view is neutral.
Long side view:
Buy above 36120
Target 1 - 36220
above this, trail your SL
(Long SL - 100 points)
---------------
Short side view:
Sell below 35660
Target 1 - 35545
below this, trail your SL
(Short SL - 100 points)
*** This is a view and not necessarily a trade recommendation ***
However, If you like my idea..., do spread the word.
BankNifty Intraday view for 05-08-2021Good evening all,
36000 done!!! Now let's do 36500. We'll then see about 37300.
So what's in store for tomorrow? Well, with the run that we've had for the past 2 days, patterns indicating room above and importantly 36000 breached, we may see a surge. Hence my view stays bullish.
Long side view:
Buy above 36220
Target 1 zone 36425 - 36500
Target 2 zone 35050 - 35200
above this, trail your SL
(Long SL - 36000)
---------------
Short side view:
Sell below 35840
Target 1 - 35690
below this, trail your SL
(Short SL - 36000)
*** This is a view and not necessarily a trade recommendation ***
However, If you like my idea..., do spread the word.
BankNifty Intraday view for 04-08-2021Good evening All,
What do you think is going to happen tomorrow?
I'd love to read your views. Because if you ask me, the index does not show any clear indication. If I were you, I will wait till the market settles down for around 60 minutes and then take a call basis the trend.
BankNifty Intraday view for 03-08-2021Good evening all,
Despite the mostly sideways market today, we were able to reach the first target. For tomorrow again, my view stays on being 'Long' as the trend of making higher lows continues:
Long side view:
Buy above 34860
Target 1 34940 - 34950
Target 2 zone 35050 - 35200
Long Target 3 - 35340
above this, trail your SL
(Long SL - 34750)
---------------
Short side view:
Sell below 34440
Target 1 - 34365
Target 2 zone 34255 - 34215
Target 3 - 34115
(Short SL - 34570)
*** This is a view and not necessarily a trade recommendation ***
However, If you like my idea..., do spread the word.
BankNifty Intraday view for 02-08-2021Good evening all,
Friday was non-tradable unless you were scalping and stuck between the SL zone we had marked. For tomorrow, since we have been seeing higher lows and 34750 being tested multiple times, long is a good possibility;
Long side view:
Buy above 34780
Target 1 zone 34840 - 34850
Target 2 zone 34940 - 34950
Target 3 zone 35050 - 35200
Between this zone and above, trail your SL
(Long SL - 34650)
---------------
Short side view:
Sell below 34440
Target 1 - 34350
Target 2 zone 34220 - 34180
Target 3 - 34120
(Short SL - 34550)
*** This is a view and not necessarily a trade recommendation ***
However, If you like my idea..., do spread the word.
BankNifty Intraday view for 30-07-2021Good evening all,
Today was a rather devious expiry ---- of the sellers, by the sellers & for the sellers. Our long side SL was saved by 6 points and then it hit the 1st target. While my view for tomorrow is long, I will be watchful of the move down as well;
Long side view:
Buy above 34850
Target 1 - 34950
Target 2 zone 35050 - 35200
Between this zone and above, trail your SL
(Long SL - 34750)
---------------
Short side view:
Sell below 34340
Target 1 zone 34220 - 34190
Target 2 - 34115
Target 3 - 34030
(Short SL - 34500)
*** This is a view and not necessarily a trade recommendation ***
However, If you like my idea..., do spread the word.
BankNifty Intraday view for 29-07-2021Good evening all,
What a day for us. Today, the index was true to its nature.... VOLATILE and how? Hope you did make a bunch. So what in for tomorrow? Well, monthly expiry and expiries are seldom boring. So, while we get excited, we must be watchful.
My view for tomorrow too is neutral;
Long side view:
Buy above 34600
Target 1 - 34759
Target 2 - 34840
Target 3 - 34940
Above this trail your SL
---------------
Short side view:
Sell below 34340
Target 1 - 34220
Target 2 - 34115
Target 3 zone 34000 - 33950
A stop-loss of 100 points is a good idea on both entries for a RR of at least 1:1
*** This is a view and not necessarily a trade recommendation ***
However, If you like my idea..., do spread the word.