In addition to a sustained downside break of the one-month-old support line, portrayed last Friday, the weekly falling trend line also suggests a bearish bias for the GBPUSD prices ahead of the key UK annual budget announcement, up for publishing around 12:30 GMT. It should, however, be noted that British Chancellor Rishi Sunak is up for releasing the heavy...
Nifty - Was That Shark Bounce or Sharp Bounce 13600-14700-What Next?
Amazing session for Indian Stock Markets & Possible Reason for moves which unfolded on 1st Feb2021
• Harmonic Pattern
• Heaven’s Message
• Indian Budget2021
• Stock Updates
Bullish Shark Pattern which was suggested last week with trigger level above 13850 & targets of...
#BankNifty Live analysis @10.15 AM 1st Feb #budget
30206 is the pivotal point, above is positive & below is negative, any directional move u can get min 1000 point move.
VIX is high, don't trade option until VIX crases, impacting premium of both calls & puts.
32k on the upside & 29k on the downside, very much possible based on-budget outcome.
Today expected gap up opening in banknifty. Due to budget day,Possible market may sideways and more volatile during this period. Trade with less position sizing and cautiously. Day's upside resistance is 31000 and downside strong support is 30000 expected banknifty will trade between this range. If any side breakout may give 400-500 points strong rally.
Pattern formed overtime from March 2020 to January 2021. Support of 13750 on the lines have been breached. Now nifty is open to go down till 13000-13200. However, If 13800 on the upside is breached, then we can can see a rally till 14500. After that 15000 levels will be on the cards but lets restrict ourselves till 14500 for the time being.
Markets are extremely...
BHART AIRTEL after recently taking rejection from 610 levels twice has moved towards a similar consolidation zone as seen In Jun-July series.
Good Opportunity to go long till 568 & 582 levels. After 568 could retrace back to 555 and then journey back towards 582 levels. So watch the movement carefully. However, in the Feb series - if breaks 582 levels with good...
Monday is Budget day. The Market will be very volatile .
trade with cautious . follow your Sl strictly and book profit .
If you are safe trader than avoied trading on budget day.
Now as per technical we might see a bounce back from here .
let the market absorve the news and let the
market make a range .Set your trade on that
dont sell option tommrow...
In a longer time frame Both indices are still weak and in a negative trend.. As always on the day of Budget expecting a volatile market on Monday.
Both indices close to 0.786 retracement ..
Do not trade on Monday or plan a spread
Buy ATM CE and PE at once and make sure both the Strike prices are really close to each other (5-20 point variation is the max)
Everything provided in graph. Analyze on your own before taking your position.
On Monday BANKNIFTY can go up or down. Prices and targets for taking positions are given in graphs. Maintain SL according to you.
My reasons for shorting ;-
1.As most of the markets were red including global market so there is a possibility that it will be also red on Monday.
Howz the Budget gonna be...???
Whether it would be good or bad...
The answer is I don't know...
Looking at charts
Important levels on the lower side 13660 levels / 13220 levels
Important levels on the upside 14120-14220 zone / 14357 levels
Based on the above levels
Strategy I'm following...
Selling 14300 Call Option around 69
again and again I am posting bpcl chart
sure guys something cooking in it.
dont miss this great opportunity.
super postive & promising chart for short term
note : this is not buy recommendation guys.
but I told u something cooking in it🙏🙏
do your analysis and consider a buy.
#budget ride expecting
During the last few days I have been hearing a lot of noise from various sources that after the budget the market will crash badly and nifty 50 will break the 14000 levels and correct itself until 12000 levels. However, I have a totally opposite view and a perception towards the market post budget. I think that the rally which came from the 7000 levels, its top...