#banknifty analysis for 18th Mar:- Expiry Special#banknifty analysis for 18th Mar:- Expiry Special
Decision Zone :- 34,550 above positive & below negative.
Important points on chart:- 34,835 / 35,100
I won't short this market tomorrow, even if the price goes down, will better avoid trading on an oversold market.
One of the best forms of PA action is not to predict but to act on the price, chart tells you where, when & how to act on price. Wait for the decision points on the chart to act else don't trade.
E.g. One of the important DP is the weekly low, if the weekly low is broken, then only you will short else you won't.
John Maynard Keynes said, “the markets can remain irrational longer than you can remain solvent.” So be cautious and flexible as market conditions evolve.
Always trade what you see, never trade what you feel. Make this a habit, you won't be requiring any seminar, webinar, or mentor, you will be self-sufficient.
Regards,
SG
Expiry
#banknifty analysis for 10th Mar: #expiry#banknifty analysis for 10th Mar: #expiry
8021 point up-move is followed by correction of 3050 points (around 38.2%) and now we are consolidating for 2 weeks.
Currently, the range is 35,100 to 36,100 and the new move will be only outside this range.
Decision Zone:- 35545, above positive & below negative
How to Trade? Play the range of 35100 to 36100 and initiate breakout trade, if range breaks.
Below 35K, you might see pain till 33.5K and above 36K we are back on track to breach ATH.
My basic analysis remains the same:-
One of the best forms of PA action is not to predict but to act on the price, chart tells you where, when & how to act on price. Wait for the decision points on the chart to act else don't trade.
E.g. One of the important DP is the weekly low, if the weekly low is broken, then only you will short else you won't.
John Maynard Keynes said, “the markets can remain irrational longer than you can remain solvent.” So be cautious and flexible as market conditions evolve.
Always trade what you see, never trade what you feel. Make this a habit, you won't be requiring any seminar, webinar, or mentor, you will be self-sufficient.
Ref:- Elliot Wave 1 H TF analysis:-
Regards,
SG
#banknifty analysis for 4th Mar - #expiry Special#banknifty analysis for 4th Mar - #expiry Special
Decision Zone:- 36,063 - 36,263
Upper Targets:- 36,434 / 36,643 / 36,910 / 37,056
Lower Targets: 35,959 / 35,823 / 35,665 / 35,378
My basic analysis remains the same:-
One of the best forms of PA action is not to predict but to act on the price, chart tells you where, when & how to act on price. Wait for the decision points on the chart to act else don't trade.
E.g. One of the important DP is the weekly low, if the weekly low is broken, then only you will short else you won't.
John Maynard Keynes said, “the markets can remain irrational longer than you can remain solvent.” So be cautious and flexible as market conditions evolve.
Always trade what you see, never trade what you feel. Make this a habit, you won't be requiring any seminar, webinar, or mentor, you will be self-sufficient.
Ref:- Elliot Wave 1 H TF analysis:-
Regards,
SG
#banknifty analysis for 4th Feb #expiry special#banknifty analysis for 4th Feb #expiry special
5 trading session 5220 point rally, divergence on RSI & MACD crossover on the verge, but the price needs to confirm the corrective wave.
It's too fast & furious rally to sustain, better to book out the profit.
Positional short only below 34,050.
Decision Zone:- 34,583 - 34,655
Upper Targets:- 34,791 / 35,321 / 35,997 ( 600 points gap in targets, better break the target every 300 points)
Lower Targets: 34,419 / 34,047 / 33,586 / 32,842
Don't short the market, until 32,167 breaks, till then use the dip to go long.
One of the best forms of PA action is not to predict but to act on the price, chart tells you where, when & how to act on price. Wait for the decision points on the chart to act else don't trade.
E.g. One of the important DP is the weekly low, if the weekly low is broken, then only you will short else you won't.
John Maynard Keynes said, “the markets can remain irrational longer than you can remain solvent.” So be cautious and flexible as market conditions evolve.
Always trade what you see, never trade what you feel. Make this a habit, you won't be requiring any seminar, webinar, or mentor, you will be self-sufficient.
Regards,
SG
Expiry Special Analysis for 7th Jan'2021#banknifty #expiry special 7th Jan'2021
Decision Zone:- 31,765 - 31,786
Resistance :- 31,865 - 31,909 & Support :- 31,510 - 31,548
Two types of movement are expected one is range bound and the other is breakout trades.
Upper Targets:- 31,891 / 32,126 / 32,272 / 32,382 / 32,507
Lower Targets: 31,655 / 31,510 / 31, 350 / 31,257 / 31,100
Positional selling below 30,912 only.
Larger TF analysis:-
One of the best forms of PA action is not to predict but to act on the price, chart tells you where, when & how to act on price. Wait for the decision points on the chart to act else don't trade.
E.g. One of the important DP is the weekly low, if the weekly low is broken, then only you will short else you won't.
John Maynard Keynes said, “the markets can remain irrational longer than you can remain solvent.” So be cautious and flexible as market conditions evolve.
Always trade what you see, never trade what you feel. Make this a habit, you won't be requiring any seminar, webinar, or mentor, you will be self-sufficient.
Regards,
SG
Expiry Special Analysis for 31th Dec'2020#BankNifty Trading Strategy for 31st Dec'2020 (Year-end #expiry)
31,650-31,750 is a very important level, but the upside breakout of an uptrend does not sustain and fall back to the channel, if this doesn't happen on expiry, then might be in the next couple of days.
I will be very cautious with my trades.
Decision Zone:- 31,240 -31,360
Smaller Range:- 30,650 - 31,700
Medium Range:- 29,700 - 32,000
Upper Targets: 31,401 / 31,510 / 31,648 / 31,704 / 31,824
Lower Targets: 31,100 / 31,020 / 30,850 / 30,540
Positional short levels are apparent; it's below 31,000 closings.
Supporting analysis on lower TF for better clarity:-
I wish you to look forward to the upcoming year with confidence and courage, giving wings to your dreams! Live your life to the fullest extent, Happy New Year!
Note:- I won't be posting the analysis for 1st Jan'2021, as I will be traveling but will try to updates the 1st Jan levels on this post's comments, so keep watching.
One of the best forms of PA action is not to predict but to act on the price, chart tells you where, when & how to act on price. Wait for the decision points on the chart to act else don't trade.
E.g. One of the important DP is the weekly low, if the weekly low is broken, then only you will short else you won't.
John Maynard Keynes said, “the markets can remain irrational longer than you can remain solvent.” So be cautious and flexible as market conditions evolve.
Always trade what you see, never trade what you feel. Make this a habit, you won't be requiring any seminar, webinar, or mentor, you will be self-sufficient.
Regards,
SG
Expiry Special Analysis for 24th Dec'2020.#expiry #BankNifty Trading Strategy for 24th Dec'2020
Wave 5 is completed, the First leg of correction Wave A seems to be complete and we are in Wave B of pullback.
30,345 is a very important level on chart, the short term breasish trend changes above 30,345
Decision Zone:- 29,754 - 29,858
Smaller Range:- 29,573 - 30,045
Medium Range:- 29,236 - 30,291
Upper Targets: 29,961 / 30,042 / 30,193/ 30,291 / 30,523
Lower Targets: 29,573 / 29,441 / 29,226
Try to read the market in context to the larger picture:-
One of the best forms of PA action is not to predict but to act on the price, chart tells you where, when & how to act on price. Wait for the decision points on the chart to act else don't trade.
For E.g. One of the important DP is the weekly low, if the weekly low is broken, then only you will short else you won't.
John Maynard Keynes said, “the markets can remain irrational longer than you can remain solvent.” So be cautious and flexible as market conditions evolve.
Always trade what you see, never trade what you feel. Make this a habit, you won't be requiring any seminar, webinar, or mentor, you will be self-sufficient.
Expiry Special Analysis for 17th Dec'2020.#BankNifty Trading Strategy for 17th Dec'2020
Decision Zone:- 30,712 - 30,763
On Public Demand, added the new section trading range:-
Smaller Range:- 30,521- 30,890
Medium Range:- 30,398 - 31,080
Larger Range:- 29,654 - 30,450
Upper Targets: 30,890 / 31,020 / 31,092 / 31,243 / 31,450
Lower Targets: 30,567 / 30,481 / 30,202 / 30,027
A rising wedge is not a good sign.
Like the famous economist, John Maynard Keynes said, “the markets can remain irrational longer than you can remain solvent.” So be cautious and flexible as market conditions evolve.
Always trade what you see, never trade what you feel. Make this a habit, you won't be requiring any seminar, webinar, or mentor, you will be self-sufficient.
Try to read the market in context to the larger picture:-
Expiry Special Analysis for 10th Dec'2020.#Expiry Special Analysis for 10th Dec'2020
Bearish Butterfly:- Condition Met, This reversal pattern forms in an uptrend.
XD ( 1.27 - 1.618) :- 1.483
AC (0.382 - 0.886) :- 0.772
Sell Below 2nd bar low:- 30,590 SL 30,807.25
harmonic target 1:- 62 - 79% XA 30020, 29805
harmonic target 2 :- 127-162% XA 29,532 / 29,185 / 28,744
Decision Zone:- 30,590 - 30,630
Lower Targets:- 30,320 / 30,170 / 30020 / 29532 / 29,185 / 29,045 / 28,744
I will avoid the long above decision zone for at least on expiry.
Both the harmonic targets are done on upside:-30,481 / 30,845
Weekly Range:-
Smaller Range:- 29,500 to 30,600
Larger Range:- 29,000 to 31,000
Always trade what you see, never trade what you feel. Make this a habit, you won't be requiring any seminar, webinar, or mentor, you will be self-sufficient.
Expiry Special Analysis for 3rd Dec'2020.#banknifty #expiry view on 3rd Dec'2020.
Decison Zone:- 29,268 - 29,362
Upper targets:- 29,441/ 29,602 / 29,750 / 29,913
Lower Targets:- 29,149 / 29,950 / 28,655 / 28,236 / 27,824
SL for all positional long is 28,800
Any crack can pull BN immediately to below 28k.
Weekly Range:-
Smaller Range:- 28,900 to 30,200
Larger Range:- 28,500 to 30,700
Always trade what you see, never trade what you feel. Make this a habit, you won't be requiring any seminar, webinar, or mentor, you will be self-sufficient.
🔣NIFTY NOVEMBER EXPIRY STUDY - 30TH OCT - 26TH NOV 🔣STUDY OF NOVEMBER EXPIRY
30TH OCT - 26TH NOV
ALL RED CANDLES EXCEPT YDAY'S N TODAY'S ARE
ALMOST DOJI CANDLES
giving some thought to this pattern :-
TILL 24TH NOV - WE CAN SAY BUYERS WERE IN FULL STRENGTH
AS EACH DAY WHEN THE DAY HAD SELLERS STRENGTH
AND CANDLE WAS TRYING TO CLOSE IN RED BAR
BUYERS CAME IN N PULLED IN EQUAL STRENGTH
WHICH LEAD TO DOJI CANDLES
YDAY AND TODAY'S CANDLE IS NOW SHOWING SOME DIFF SCENARIO
WHERE IN SELLERS SEEMS HAVE GOT MORE POWERFUL
BUYERS SHUD HENCE STAY A BOT CAUTIOUS WITH THEIR STRICT STOP LOSS
AS ITS KNOWN
" HIROSHIMA & NAGASAKI WERE DESTROYED IN A DAY"
note - just an observation
Expiry Special Analysis for 26th Nov'2020.#expiry special #banknifty view on 26th Nov'2020.
Decision Zone:- 29,351 - 29,440
Upper targets:- 29,595 / 29,790 / 29,969 / 30,197
Lower Targets:- 29,250 / 29,132 / 28,994 / 28,666 - 28,534
Trend Reversal levels:- 29,520
Elliott Wave:- Wave C target 1 is done, really don't know target 2 will be achieved or not.
SL for all positional long is 28,580
Always trade what you see, never trade what you feel. Make this a habit, you won't be requiring any seminar, webinar, or mentor, you will be self-sufficient.
Expiry Special Analysis for 19th nov'2020.#banknifty view on expiry
Decision Line:- 29,608
Upper targets:- 29,914 / 30,220 / 30,515 / 30,702 / 30,998 / 31,180
Lower Targets:- 29,460 / 29,334 / 29,030 /28,799
Trend Reversal levels:- 29,030
Elliott Wave:- Wave 5 likely in progress:-
Wave 1 is 23,612.70 to 25,733.35 :- 2,160.65
Wave 5 starting point is 27,703.30
0.382 28,528 Done
0.5 28,783 Done
0.618 29,038 Done
0.78 29,388 Done
1 29,863 Pending
1.618 31,199 Pending
Always trade what you see, never trade what you feel. Make this a habit, you won't be requiring any seminar, webinar, or mentor, you will be self-sufficient.
Expiry Special Analysis for 5th Nov'2020.#banknifty:- Too Quick Rally to sustain and rasing wedge is not a good sign.
Decision Zone:- 25,670 - 25,923
Upside:- 26,150 / 26,300 / 26,500 / 26,790
Downside:- 25,384 / 25,211 / 25,054 / 24,823
Keep 100 to 120 points as SL.
Don't be short if BN crosses 26,311 then we are heading for 26,765/ 27,798 / 28,325 ( Yes 2000 point rally), but before this BN has to cross the multi-month supply zone.
Always trade what you see, never trade what you feel. Make this a habit, you won't be requiring any seminar, webinar, or mentor, you will be self-sufficient.
Expiry Special Analysis for 22th Oct'2020.#banknifty keeping the analysis simple.
Decision line:- 24,596 above long & below short.
Will prefer to go long above the red resistance line ( above 25k only)
As per wave structure, the minor impulse wave is done today & we see a corrective wave.
Buy Above 24600 T 24820,24050 and 25,180
Sell Below 24600 T 24384,24250 and 24125
Will avoid aggressive long, as there is RSI divergence also seems which show internal weakness gripping IN.
Always trade what you see, never trade what you feel. Make this a habit, you won't be requiring any seminar, webinar, or mentor, you will be self-sufficient.
Expiry Special Analysis for 15th Oct'2020.#banknifty analysis for 15th Oct'2020.
Today's movement made it clear, the uptrend that started from 20,405 has still some steam left. If the last two days correction is taken into account the wave 4 ( pullback) is completed at 23,149 and wave 5 is in progress which gives us three targets 24,833 / 25,231 / 25,476.
The wave structure will damage below 23150 and hence this will become SL for all existing long trades for the short term.
Important:- If 24,200 is crossed, pls don't dare to short this market.
The decision Line is 23,650 (above long and below short).
Always trade what you see, never trade what you feel. Make this a habit, you won't be requiring any seminar, webinar, or mentor, you will be self-sufficient.
Bank Nifty Trading Strategy for 1st Oct'2020#banknifty OI up by +0.19% and price up by 16.77 %, which indicates short positions were added today.
FII sold 712.48 Cr & DII bought 409.47 Cr, FII selling pressure has reduced today.
10.00 AM Low was 21,128.50 and the high of 11.00 AM was 21,472.85,344 point rally is purely due to short covering.
Again last 1 hour data is weak, only short covering and long unwinding, and any Previous Day High closure will pull short-covering IN.
Decision Zone 21,580- 21,687 below is bearish, and above is bullish.
Medium-term trend reversal levels:- 22,248
Short term trend reversal levels:- 21,800
Next level of short only below 21,100 only.
The sharp pullback of 1406 points in the last 15 hourly bar has been adjusted in the last 2 days.
The trend seems to be neutralized and we should try to buy on dips till 21,100 holds and add to calls above 21,800 and further add above 22,248.
Upside target are 21,800 / 21,950 / 22,050 / 22,250 / 22,659.
The momentum indicator has turned positive on the hourly time frame.
Always trade what you see, never trade what you feel. Make this a habit, you won't be requiring any seminar, webinar, or mentor, you will be self-sufficient.