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Expiry Special Analysis for 17th Sep'2020.#banknfity OI up by 10.68% and price down up +0.48%, which indicates a neutral setup. The last 1 hour data is not good, the 22,600 -22,650 zone was used for long unwinding, which suggests a clear supply zone here. The uptrend channel which started on 16th June (19,507), the price got closed the second day in a row inside the channel and we made a lower low and higher high, which is a good sign ann 22,000 -22,050 will be a strong support zone going further. The broader range that is coming down is 22,050 to 22,650. The decisive move will be outside this zone. What I posted yesterday:- Trading Strategy:- I will go into trading with a neutral mindset and will take a position based on the current setup of the market. I will be bearish if 22,050 breaks for a target of 21,850 / 21,600 /21,300:- Not triggered I will be bullish above 22,465 for a target of 22,550 / 22,750 / 22,850 / 23,150 :- Tiggred and we made high od 22,659. Decision Zone 22,435 - 22,514, below is bearish, and above is bullish and the above post remains valid for Thursday's trading. 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.
NSE:BANKNIFTY
by subhagghosh
9
Expiry Special Analysis for 20th Aug'2020.#banknifty OI up by 9.03 % and price up by 0.52% % shows neutral setup and ended the day with Doji setup. Nothing much has changed today, it's an option sellers day. bank nifty was able to defend the trendline breakout whole day with low volume until we have followup buying higher side targets are tough. The trend is positive, trend changes below 21,909. Tough Resistance 22,346- 22,477 Decision Zone is marked in yellow, below negative & above positive. I won't be selling untill 22,211 is broken, SL 22,477, T 22,031 / 21,905 /21,778 /21,622. Long is only above 22,477 SL is 22,211 T 22,550 /22,650 / 22,750. Note:- We will only sell if the trendline is broken and this will confirm breakout failure. Else will ride the trend if it continues. Trade what you see not what you feel, follow it and you will feel the x-factor.
NSE:BANKNIFTY
by subhagghosh
1
Expiry Special Analysis for 13th Aug'2020.OI shows Short Build Up on #banknifty and last one hours was long unwinding on the index. Tough resistance zone:- 22,372 - 22,550. 180 min trend indicator, showing weakness. Two harmonic patterns are detected:- 1. AB=CD, which gives a target of 22,294:- High was 22,324, DONE 2. CYPHER, which gives a target of 22,589 and Fibonacci target 22,372/22,550. I keep on repeating, we are in a broad range of 21k to 23k and 22k is the pivotal point, just play the range until we have decisive breakout or breakdown, that's the untold story of the last 2 months. Decision Zone 22,099- 22,197 Any stong move is only possible above 22,750. Potential Reversal Zone is 22,372 - 22,550, if we see any reversal signal here, shorts can be initiated with SL of 21,750. Trade what you see, not what you feel, trading is all about making money & nothing else.
NSE:BANKNIFTYShort
by subhagghosh
2
Expiry Special Analysis for 6th Aug'2020.OI down by 1.39% and price up by 0.09%, shows FNO neutral setup and Doji formation on the daily chart shows indecision. Today fall from 11:15 to 12:15 is due to shorting & long unwinding, long unwinding is a thing of worry. Today is the second day in we made lower low (21,449) and higher high (21,933) 4th Aug LL:21,065 and HH:21,574 29th July to 3rd Aug:- LH: 22,346/22,253/21,807/21,544 LL: 22,906/21,580/21,375/21,031 Today's high is 68.5% of the last wave of fall. Decision Zone 21,449- 21,651 I posted yesterday "Pullback till 21,865 / 22,122/22,380 might be on cards till 20,065 holds." Today's high was 21,933 was a swing high. I won't make positional short until #banknifty closes below 21k or might be at much higher levels above 22k (where I will post). Broadly speaking:- 21,000 to 23,000 is the range and below 22,000 we have negative & above positive.
NSE:BANKNIFTY
by subhagghosh
5
Expiry Special Analysis for 16th July'2020. #banknifty #trading #stratergy Most important for bears, SL for shorts 21,935 (Well defined SL). Wave 4 completed at 21,935 ( 49.82% of Wave 3). Wave 5 has 3 targets 21,496 (complted)/ 21,225 (completed) / 21,057 Wave 5 is completed or yet to be completed is a question mark. Will focus on the trend line joining 22,995,22650,21935, pls keep a close watch the trendline. Double button at 21,255 - 21,230 ( which will act as support). 100% of the price formation is within the rounding top from 26th June. Will avoid trading in the decision zone 21,639 - 21,736. I have kept the levels and analysis very simple for a layman to understand.
NSE:BANKNIFTY
by subhagghosh
3
Trade Log NIFTY July 9Review of my yesterday’s comments ------------------------------------------------------------------------------------------------------------------------------ Tomorrow is a weekly expiry day. I am not sure if NIFTY pauses here for tomorrow or continues and fills the gap. Overall, I’ll trade now with bearish bias for the coming week. 10800 is a clear level which needs to be broken decisively for any thought of an up move. -------------------------------------------------------------------------------------------------------------- NIFTY recovered smartly and closed above 10800. I did not anticipate this strong closing. My trades I did not trade today. I had few expiry trades, but nothing much to show. My Observations for the day NIFTY recovered all the loss made in last one hour of yesterday and closed +1.01% BANK NIFTY did not close above yesterday’s high. But closed +1.43% VIX dropped 4.5%, now below 25 Advance Decline ratio 33 to 17, favoring the move. Open interest data showing no big resistance till 11000. Institutional Investor data is not supportive. Some big picture thoughts As I had said in my weekly view, there are all indications that the current regime ( 3 months of up, with large intra day swings) is likely to end. The result season can provide triggers for the same. From the chart, I don't think it is going to be easy to keep gaining momentum. Also i still believe July is less likely to end on these levels. My view for tomorrow Even though the chart looks good, I have a bearish bias for tomorrow and Monday. This is mostly because the whipsaw we saw yesterday. If NIFTY manages to close above the new high by Monday, I’ll be wrong again. I’ll not short, but mostly observe if it crosses 10850. I’ll short NIFTY below 10730. Overall, in the zone of 10800-11100, it is better to be careful and observe how NIFTY is behaving.
NSE:NIFTY
by Observe_Think_Act_Think
1
Expiry Special Analysis for 9th July'2020, #banknifty #banknifty:- Nothing has changed, the structure is still bullish. SL for all long trades:- 21,768 Decision Zone 22,832-22,752 Resistance Zone:- 23,000 - 23,100 Suupport Zone:- 22,374 - 22,442 / 22,022 - 22,170 52W H :- 32,613 52W L :- 16,116 38.2 % 22,428 50.0 % 24,365 61.8% 26,311 Wave 2 is 21,967 to 17,195, so 50% of this wave is 24,398 which coincides with 50% of the fall 24,365. As per wave structure, the next logical target above 22,418 is 24,365.
NSE:BANKNIFTYLong
by subhagghosh
3
Nifty 11 June likely expiry range & strategyNifty CMP 10121 The broader range looks likely to be between 10280 - 9955 Given the view one may consider selling Nifty 10250 Call option around 40 & sell Nifty 9950 Put option around 24 Max profit potential 75*(36+24)= Rs 4800/- Loss in strategy if Nifty closes below 9886 or above 10314 Cautious if Nifty starts sustaining above 10203-10220 levels or starts sustaining below 9980 levels. Strategy provides enough scope to adjust, in case Nifty trades beyond cautious level Take care & safe trading...!!!
NSE:NIFTY
by indiamarketoutlook
2
Bank Nifty Trading Strategy for 5th March '2020.Bank Nifty Trading Strategy for 5th March '2020.:- Check my plan for 4th Mar, you can't be more accurate than this:- The first sign of reversal above 29625, the trend will change to positive above 30,208. Last line of supports was:- Support:- 28,872 / 27,989. NEXT level is 27,989 then flood gate open you might see 27,568 & 26,728. You remember the corporate rate cute happened on 20th Sep,19 (L- 26,728 & H- 29,419), that flood gate has open and it’s a vacuum which can suck BN to 27K levels. ## Monthly Resistance:- 31,467, 31650-31750 / 31905 (23.6% retracement of 32613 & 29612). ## Weekly/ Resistance / Supply Zone :- 31,113-31,183 ## Weekly/Resistance / Supply Zone :- 30946-31010 ## Weekly/ Resistance / Supply Zone :- 30521-31630 ## ** Monthly Resistance / Supply Zone 29,994-30,208 ## ** Monthly Resistance / Supply Zone 29,587-29,612. @@ Pivot Zone:- 28,830-28,725 Above +ve Below -ve ## Support:- 28,872/27,989 There are two types of trades:- Range Trading and Breakout Trade. 1. Range Trade:- Buy/SELL in above or below Pivot Zone & GREEN Zones, SL is zone lower point, T 100 to 300 points/resistance zone. 2. Breakout Trade:- Once a pivot/zone is broken, keep SL as lower / upper end of the zone for next zone as the target or target 100 -300 points.
NSE:BANKNIFTYShort
by subhagghosh