Bank Nify: Weekly Demand and Supply Zones
In Bank Nifty Major supply zone @ 20000-20460. New upside zone @ 20000-24000 will open once it will manage to sustain above it’s major supply zone @ 20000-20460.
Demand Zone
Bank Nifty Reversal Pattern : Go longBank Nifty reversal pattern form in daily chart. One can go long with Bank Nifty with strict stop loss. This is my own indicator "Trend Trader Harshal". It represents current trend as well as higher time frame trend in same chart.
NIFTY: Weekly Demand and Supply Zones On the weekly chart, there is a short term demand zone @ 8800-8950 and supply zone @ 9350-9600. I think Nifty will manage to hold its demand zone and it may test its next supply zone @ 9350-9600.
Page Industries Long Term Buy Stock is currently trading at demand zone in monthly chart.
Enter for long term
Meximum Downside in Nifty -- On the weekly chart 1st major demand zone was 8100-8350. Last week Nifty closed below this level so now this zone will act as a major supply zone.
-- As per weekly chart nest 1st demand zone @ 7650-7750 2nd demand zone @ 7400-7550. In any case, if Nifty will not hold these two zones then the next major demand zone @ 7000-7100. Also, there is a strong demand zone on the monthly chart @ 6700-6900.
-- I don't think Nifty will sustain below weekly and monthly major demand zones.
Intraday Supply and Demand Zones.
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Bank Nifty: Intraday Demand and Supply ZonesBank Nifty major demand zone @ 17500-17600. If it sustains below this zone it may test it’s next support @ 16650 and demand zone @ 15300-15600.
If it will manage to sustain above it’s demand zone then I may see OTM call and put.
Nifty: Intraday Demand and Supply ZoneNifty major demand zone @ 8120-8165 and supply zone @ 8450-8480. If Nifty will sustain below its demand zone then it may test it’s next support @ 7500 and may break the recent bottom.
If it will sustain above its demand zone then it may be sideways and I may sell OTM call and put options. Decreasing IV will also help to sink the option premium.
indusind bank long (positional)indusind bank positional long entry price 1128 , stop-loss 1017, target price 1598
NOTE : CONSULT WITH YOUR TRADING ADVISER BEFORE TAKING ANY TRADING DECISION.
Double bottom (Bajfinance)Price bounced back twice from monthly support. Closing above 2350 confirms the pattern.
Nifty: Intraday Supply and Demand ZonesNifty closed in the major demand zone @ 8200-8380. Once it will break this zone it may test it’s next demand zone @ 7750-7900 and 7250-7430. On the upper side I may think for a long trade once it sustains above the 8700-9060 zone. 8200-9060 will be no trade zone for me.
Bank Nifty: Weekly Major Demand ZoneBank Nifty major demand zone @ 17500-18200. This is major support on the Weekly and Monthly chart. Let's see BNF will hold this support or not if it will fail to hold this support and manage to sustain below this zone then we can see the BNF @ 15700-16300 and 13300-14000.
NIFTY: Major Demand ZoneI believe that sometimes supply and demand will not work in the news base market. I don't know where and when the market will make bottom but As per my limited knowledge, there are multiple supports near the 6300-7000 zone on weekly as well as a monthly chart. According to this analysys, I don't think in the worst case the market will easily sustain below this zone.
DJI trading very near to its major demand zonesDJI trading very near to its major demand zones on both weekly and monthly charts. Yesterday DJI closed in its major demand zone @ 18800-19300 on the Monthly chart. Next week if it will sustain below this zone then it may test its minor demand zone @ 18000-18500 and in the worst case, it may test its major demand zone @ 17000-17500. Due to the volatility, these zones levels may extend up to + or - 500 points.
Nifty: Closed below it's Minor Demand ZoneToday Nifty tried to sustain above its minor supply zone @ 9350-9450 but it failed to sustain and in the last hour sell-off it was closed below its next demand zone @ 9100. Now, both levels are resistant for Nifty.
I took a short trade when I got the double confirmation when Nifty rejected the 9350-9450 zone 2nd time.
I carried this trade because today’s below 9100 was not a good closing. Tomorrow I should get a follow throw on the downside.
Demand Zones
8750-8850
8500
Supply Zones
9100-9130
9350-9450
Bank Nifty: Supply and Demand Zones22970-22330 is a demand zone. Once It will sustain below its upper zone level then it may test 22330 which is a lower level of this zone. On the upper side, 23440-23570 and 24250-24500 are supply zones.
ZEEL :: SHORT TERM BUYExpected bounce back duration 10 to 20 days. If changes in chart behavior, will update...
Disclaimer: Buy Sell is your choice. No Recommendation...
Cheers!
Vikas Gupta
GBPUSD: LONG TRADE SETUP (150 PIPS PROFIT )Few weeks of bearish trends and retracement, bullish momentum is finally building strongly on GBPUSD as price is approaching 1.30 , Probably before the week runs out buyers are able to take price towards 1.31 zone.
Risk Warning : The risk of loss in trading Foreign Exchange (FOREX) can be substantial.
You should therefore carefully consider whether trading is suitable for you in the light of your financial condition.
Goodluck !
SWING TRADE: RECLTD LONGRecltd is showing uptrend on chart and currently trading at support level. Good opportunity to enter this trade here.
