Good 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...
Good 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 -...
channel formtion in banknifty. buy bank nifty after breakout tgt of 1700-1800 point (safe tgt)
Good 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.
Good 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 -...
Good 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...
Good 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,...
Good 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...
Good evening all, Like I mentioned yesterday, not a good sign or a place to be for BankNifty traders. Nothing is indicative of a confident trade. We need to be careful and we will be... How? CLOSE of the candle is very IMPORTANT. And, we will exercise our patience. My view for tomorrow is neutral. So; Long side view: Buy above 35000 Target 1 zone 35180 -...
BNF has formed inv flag & pole pattern on 1H chart ahead of montly exp with heavy sell off today in last 1 hr....looks good for shoring opportunity
Good evening all, A sideways market is never a good sign. It means, indecision and a potential reversal. So, are we going to see a downtrend? Maybe, maybe not. Having said that, my view is still bullish for where it still is. So; Long side view: Buy above 35140 Target 1 - 35230 Target 2 zone 35350 - 35380 Target 3 - 35475 (Long SL -...
Good morning all, Friday was like that Hindi movie where the Hero reaches his destination to vanquish the villain, only to find his mother tied to post and has to drop his weapon.... Our targets were missed just like that (~30 points on each side). But that's past and let's look ahead. My view is bullish for tomorrow based on the current position of the index...
Good evening all, Today was a gap up opening of 200 points and gave us an entry on the long side level to meet our 1st & 2nd targets at 35000 (just 11 points shy of 35K). And, I am indecisive on a directional view for tomorrow as the no-trade zone for me is huge, ~500 points actually. Outside of that; Long side view: Buy above 35000 Target 1 - 35125 Target 2...
Good evening all, Tuesday again was a gap down opening of 150 points and gave us an entry at the short side level to meet all three targets in just about an hour and a half. For tomorrow, I am basing a long view because the index is in a reversal zone on the daily as well as the hourly chart. Hence 34350 to 34675 remains a non-tradable zone If it climbs...
Good evening all, All our levels were invalidated due to the huge gap down opening. Tomorrow we will probably see a range between 35800 and 34800 and on either side, the views are as follows; Long side view: Buy above 35140 Target 1 zone - 35300 to 35350 Target 2 - 35400 Target 3 - 35469 On the other side; Short Side view: Sell below 34850 Target 1 -...
Overview: Banknifty gapped down significantly on negative global cues. Looking at the sentiments we might see more downfall in upcoming sessions. The view in the market has turned negative and the sell-on-rise strategy can be used for intraday trading. So we can expect some really good moves tomorrow depending on if we sustain below the support levels. ...
Good evening all, Freaky Friday..... Do you agree? Like I had mentioned on Thursday, the market was going to be tricky and it was. We had to manually close the trade at 100 points. Tomorrow is going to be no different, multiple swings over the past 2-3 sessions have created an immense amount of noise and hence doubt. The best trade in this scenario is to NOT...
Good evening all, Finally..... Fort 35800 was breached and we climbed almost up to 36000 (15 points shy of the summit). Tomorrow is a different day, and tricky at that. The noise on my chart suggests so. If the market carries its 'long' sentiment from the past 5 sessions then; Long side view: Buy above 36070 Target 1 zone - 36180 to 36200 Target 2 -...