Hello guys here I am sharing the support and resistance levels for Bank nifty for the Budget day tomorrow support and resistance are mentioned on the 30 minute time frame chart simple trading idea is break and close above of resistance so we can go for buy and if break and close below support we can go for a sell because on 30 minute time frame chart price is...
Hello guys here I am sharing the support and resistance levels for nifty for the Budget day tomorrow support and resistance are mentioned on the 30 minute time frame chart simple trading idea is break and close above of resistance so we can go for buy and if break and close below support we can go for a sell because on 30 minute time frame chart price is...
Note: Always try to find a good #price action patterns or any #candle stick patterns in marked zones in smaller timeframe to take entry with small stop loss. Or can take entry based on one 5 min candle close below or above the zone with SL previous candles high or low (*try to avoid big candles).
(Color code for #Support & Resistance zones: Red - Sell, Green -...
Nifty
Chart set up
- In the last 2 days Nifty has closed in positive territory, however it has found it difficult to close above 50% of last red candlestick which comes at 17740 odd levels
- a lot of resistance between 17740-18140
- on the lower side Nifty has a risk of falling towards 17331 / 17188 / 17096 odd levels
Derivative Data
- FIIs have gone in...
Hi traders,
One of the biggest day of every traders and investors.
So my first request to every new traders and investors see the tomorrow's market avoid trading tomorrow. It is not easy to trade on that day.
Who are capable of understanding the levels and price action properly then only trade otherwise avoid don't use any indicator it will not work for sure....
Guys see can how many times the market trapped traders on both sides, what do you think who has been able to make money out of this type of market......
I think scalpers have made a lot today!
Nifty has formed a REVERSE H&S pattern but remember before any breakout and retest it may be dangerous because if you see in the case of nifty it has formed the reverse h&s pattern but the trend in higher time frame is not changed . The trend will only be changed after 17780. if nifty forms higher high after that level then only go for long.
Target will be...
#banknifty analysis.... today we see unexpected pull back in market.. Tomorrow might be gap up and cross 40900 zone. If the market break 40526 then we can go for CE(CALL) First target = 40602,40737,40878,40905. If the market break 40347 then we can go for PE(PUT) First target = 40171,39966,39736.
Market analysis in advance of the budget
Hello every one, here is the market study. How is the market performing in terms of pre-budget volatility?
India VIX is rising, NSE:INFY NSE:HCLTECH IT stock results will be available today and in the following days,
As well as a market overview of the current market structure.
Watch till the end
Best good luck...
Where can we expect the budget week NIFTY expiry? Looking at the chart, the day started with a 200 point gap up, and 17600 acted as resistance. The nifty was down till 17250, then started a recovery, and ended the day below 17600. It is like we are all expected to be highly volatile on budget day. If I look at the chart, 17400 was tested multiple times, and the...
#banknifty #budget2022 special analysis:-
People were eagerly waiting for this budget day analysis and here you go:-
1. There is no weakness in the BN on the chart, price is above (5/10/20/200 DMA placed at 37,660/37,819/37,837/36,133)
2. There is a correction ( time correction) that is happening for the last few weeks, before the next upmove.
3. Friday high &...
NSE:RELIANCE Has took support at 7 months old trendline, It can boost from hare for its previous high of 2560 as marked in the chart with red dotted line. You can add this to your portfolio for Swing trade For period of almost 2-3 months. If Budget 2022 will give positive view it can complete the target within a month or two Risk Reward ratio is also impressive....
