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 -...
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 &...
stoploss 34340 trgt 35820, 36153 , 36300 , 36830 retest imp