Good evening all, Today we waited and waited some more for 35800 to be breached. But naaaa, not happening. For tomorrow, the possibility of 'Long' is more than today with higher lows being made consistently and trend line being respected..... Very much. But again.... it will need to break 35800; Long side view: Buy above 35800 Target 1 - 35935 Target 2 -...
Good evening all, This is NOT a copy & paste from yesterday. Well, it is..... In a way that my view hasn't changed and levels haven't been breached. With an ascending triangle forming at 35800, from here, if the market goes up, it will be as follows: Long side view: Buy above 35820 Target 1 - 36050 Target 2 - 36445 Target 3 - 36575 However in my view, it will...
Overview: Banknifty opened above 35575 and went to hit our 1st resistance level of 35710 and after it continued to maintain that level for a long time and consolidated. But we gave closing on the lower side due to profit booking at higher levels and NIFTY missed ATH. The view is bullish and the trend is positive now as long as we are sustaining above 35100...
Good evening all, Like I had mentioned in my weekly view, the target for 35700 was met today. from here, if the market goes up, it will be as follows: Long side view: Buy above 35820 Target 1 - 36050 Target 2 - 36445 Target 3 - 36575 However in my view, it will touch the 36000 range and then probably drop back, and if it does, then; Short Side view: Sell...
Good evening all, We are in July, which historically between 2012 and 2016 has seen a +-0.5% move, but between 2017 and 2019 has been +-5.0% (you read it right and spot the difference) and last year was a different beast. What does it mean for us.... The monthly ATR since March has been ~3500 and effectively means the market could move within a range 1700...
Good evening, For tomorrow, my view is slightly on the neutral side as the level that BNF has reached is a strong PRZ. We may see a reversal from this point. If we do... Short entry is at 35100 Target 1 - 35000 Target 2 - 34900 Target 3 - 34700 to 34650 However, if the market carries today's sentiment and sustains over 35300, then we'll see Long entry is at...
Good evening all, For tomorrow, I carry my view from the past 2 trading sessions. The index will be in a range between 35200 and 34650, which also is the daily ATR. Since 34900 has offered a strong resistance forming a double top, breaking that barrier is going to be important. Having said that, it also forms the neck line for a potential inverse head &...
Bank Nifty has broken resistance TL which can act as strong support now (2 different dotted paths show the possible scenario for BNF). It failed to close above first resistance zone on Friday (35350-35400) which should be breached on Monday 35250 and 35000 will act as support now P.S. This view gets negated if BNF goes below 34950.
BNF Is making Head and shoulder pattern on Hourly time frame. If neckline is not broken with conviction then it can easily go upto right shoulder to hit SL of people and throw them out, and then fall.
Bank nifty is hovering in a solid base. Time to accumulate quality bank stocks friends. Upside of 39000-40000 can be expected with good momentum by end of 2021.
BNF looks poised for big up move. Only hurdle is volatility because of monthly expiry where 34250-34000 levels can act as good support. So please follow proper R:R Levels are mentioned in the chart. In case of any clarity please visit comment section and I shall be happy to answer
Nifty50 has been performing the way we analyzed. Sustaining below 200 ma show bearish pressure. Gap from Feb 1st BUDGET DAY has been filled and tested once but we can see some range trading tomorrow which can help NIFTY50 to test the support(gap) levels again making it a DOUBLE BOTTOM PATTERN & W PATTERN. Both patterns are trend reversal patterns. Trade safe...
BNF is in a zone that is really hard to day trade. Tomorrow is Wednesday so premium decay would be a factor to consider if you are playing with option buying There can be two possibilities BNF makes a trending move downside towards 50 DMA. DMA are like magnetic lines that attract price towards it when they are near. Usually, it is also seen that patterns...