budget 2023 with technicalsi just explain how market take resistance @privious breakdown point and what next view for tomorrow.
Budget2023
BANK NIFTY FOR BUDGET DAY 2023 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 consolidating in a parallel channel se we can expect a sharp move after a range breakout.
STOP LOSS- Stop loss must be close above or below from resistance or support of the opposite direction of your trade on the same 30 minute time frame chart.
This is not and trade or investment advice. This idea is meant for learning only. Invest your capital at your own risk.
NIFTY FOR BUDGET DAY 01-02-2023Hello 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 consolidating in a parallel channel se we can expect a sharp move after a range breakout.
STOP LOSS- Stop loss must be close above or below from resistance or support of the opposite direction of your trade on the same 30 minute time frame chart.
This is not and trade or investment advice. This idea is meant for learning only. Invest your capital at your own risk.
Nifty reversal zones on Budget day Feb 1, 2023Note: 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 - Buy, Price once cross above resistance it is obvious it will work as support, vis versa price cross below support zone ). Please understand that market can break all the support and resistance anytime. If any doubt for take entry in price action patterns, please ask in comment box, i will try to help.
Disclaimer: Im not tip provider and this chart is not indented to take trade in my levels, It is shared here for learning purpose. Trading in this pattern is all your own risk. #Nifty, #budget2023
Banknifty reversal zones for Budget day Feb 2 2023Note: 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 - Buy, Price once cross above resistance it is obvious it will work as support, vis versa price cross below support zone ). Please understand that market can break all the support and resistance anytime. If any doubt for take entry in price action patterns, please ask in comment box, i will try to help.
Disclaimer: Im not tip provider and this chart is not indented to take trade in my levels, It is shared here for learning purpose. Trading in this pattern is all your own risk. #Banknifty, #budget2023
Budget special analysis of Banknifty 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.
Let's discuss tomorrow's level:-
Firstly don't think market will be bullish because everyone is seeing that there is a reverse head and shoulder where the retailers can be trapped easily. So think smartly, trade smartly.
First demand zone :- 40335-40161
Second demand zone:- 39673-39640
First Supply zone:- 40750-40930
Second Supply zone:- 41807-41915
If market breaks 40940 and makes higher highs then we can go for long.
If market makes higher highs or lower lows from demand or supply zone in given chart.
Summary:- Don't make any momentum in mind it may be devastating for your account.
Use trailing sl (7 smma)
SL IS MUST FOR TOMORROW
BUDGET DAY TRAP !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!
Bank Nifty Budget Trading Opportunity Bank nifty trading between our tomorrow's range. If Breakout or Breakdown come after Budget, trending move will come
PostMortem on BankNifty Today & Analysis of 31 JAN 2023Today's market price action would have not have surprised anyone, thats mainly because we had some breathtaking moves last 2 to 3 days. So today NSE:BANKNIFTY was pausing to take some breath.
Tomorrow we have the Union Budget - so we can expect some moves after 11 AM when the FM starts her speech. But honestly the market is not going into the budget with any serious positions or expectations - neither the PE or CE options premium are commanding skyrocket valuations.
Last year i think i saw the farthest OTM CE at a value of Rs32 on the budget day, as of today 38500 CE is at Rs2.6. In 2021 we had an intraday rally of 8.26% may be that set the tone of the 2022 & people were expecting similar percent spikes. In 2022 Budget the rally was only 1.4% - so this year people are expecting trades of similar range. Maybe that explains the low premiums.
If for some reason we have an unexpected declaration tomorrow on GST, corporate taxes, windfall taxes, capital gains tax, new laws or rules or bans - then the options premium will spike.
So if we just look at today's chart nothing major can be decoded. Open was inline between the support and resistance zones - we did not break any support level which can be read as positive. And we just managed to take out 1 resistance on the 2nd attempt - not that convincing, but still okay.
Lets switch to the 15mts chart and show the Fibonacci levels from the last 2 to 3 days
From the recent swing high to the swing low, today's close is right at the 38.2% retracement level popping up further questions of bearish moves ahead. The 5mts chart wont tell this story - but the 15mts does.
1hr chart also shows bearishness when the Fibonacci levels are marked.
Now - these are just views and there is a high likely hood things can go absolutely wrong with our views. For example i take a trade with a rationale or bias, definitely the person who took the opposite trade to mine has a different rationale - only then this system will work.
Now if i lose money on that trade, the other trader makes it - which means his bias was correct. So for anyone who is reading market reports or research reports - need to keep this in mind. An analyst's view is formed by the belief system he follows & the kind of exposure & experience he has.
#aartidrugs view Kindly read the text on the chart this stock didn't perform last year also so avoid this stock if you have any position then invest it some where else
this is not a trade recommendation.
NSE:AARTIDRUGS
FASP levels for Nifty 01/02/2023The FASP for Nifty is listed for 01-02-2023 . You can add this levels to your trade setup for better results. This should not be the only indicator but an additional tool to increase your winning possibilities.
What is Fibolysis Anchor SupRes Points(FASP)?
It is a unique level arrived by using Fibonacci Retracement , Fibonacci Extension , Standard Pivot levels under various Timeframes. It is an extensively analyzed level to draw the support and resistance levels for the next day. You can use these levels along with your trade setup to increase your winning odds.
Validity of the levels: 1 Day
How to use these levels?
The three levels on both sides are usually easily achievable. The Targets above are bit difficult to achieve in a single trading session. I use this fact to write intraday positions and to buy options.
Color Coding: Green is regular support and buying area, Red is strong exit area
Disclaimer: This is shared in the interest of educational purpose and for knowledge enhancement. Kindly refer it in the same light. I am not responsible for any profits or loss incurred based on this information.
FASP levels for Bank Nifty 01/02/2023The FASP for BankNifty is listed for 01-02-2023 . You can add this levels to your trade setup for better results. This should not be the only indicator but an additional tool to increase your winning possibilities.
What is Fibolysis Anchor SupRes Points(FASP)?
It is a unique level arrived by using Fibonacci Retracement , Fibonacci Extension , Standard Pivot levels under various Timeframes. It is an extensively analyzed level to draw the support and resistance levels for the next day. You can use these levels along with your trade setup to increase your winning odds.
Validity of the levels: 1 Day
How to use these levels?
The three levels on both sides are usually easily achievable. The Targets above are bit difficult to achieve in a single trading session. I use this fact to write intraday positions and to buy options.
Color Coding: Green is regular support and buying area, Red is strong exit area
Disclaimer: This is shared in the interest of educational purpose and for knowledge enhancement. Kindly refer it in the same light. I am not responsible for any profits or loss incurred based on this information.
NIFTY FERBUARY -MARCH VIEWthis is my nifty analysis, you can encourage me for more videos by posting comments in trading view section.
Thanks
Nifty50 on budget days (last 11 Years)Here in this Post,
i' have shown Nifty50 Reactions on Budget Days of the past 11 years.
Note : Blacklines are the exact day and dates
So you can make your analysis better for the upcoming budget day
