#banknifty analysis for 20th May'2021 #expiry Nothing changed from yesterday to today, we are in pullback and till 32,840 holds, use dips to go long for higher targets. Decision Line:- 33,750 (Above positive & below negative) Resistance:- 33,918 / 34,245 / 34,509 / 34,772 Support Zone :- 33,664 / 33,368 / 33,129 One of the best forms of PA action is not to...
#banknifty analysis for 12th May'2021 #Expiry The regression line shows we are moving up only, on a daily time frame we are neutral. This indicates, either we will consolidate or move up. I don't see weakness until we close below 32,500. Decision Zone:- 32,875 (Above positive & below negative) Resistance:- 33,150 / 33,297 / (33,320 - 33,455 ) Support Zone :-...
#banknifty analysis for 22th April:- Decision Zone:- 31,185 - 31,300 Resistance Zone:- 31,436 / 31,725-31,926 Support:- 30,915 / 30,710 / 30,450 / 30,250 Big panic fall is only below 30,250. The short-term trend is still negative & the trend doesn't change until we get a weekly closing above 32,325 levels. One of the best forms of PA action is not to predict...
BNF before the budget retraced up from 0.786 lvls of the last swing the next rally saw a retracement from 0.886 lvls of the last swing the fall to 0.886 lvls has been interesting - from a vertical rise after budget BNF was following a falling wedge pattern and did a break down from that and started following a descending triangle pattern. it broke down...
Hello Everyone, Hope you are enjoying my predictions/analysis, just go through Banknifty 13/04/2021 -- Gudipadwa analysis and check my analysis for 31200 level as Resistance level. As i said there would be Gap-up opening and we saw a resistenace near 31200 level, and as it was broken with large volume 1.30 pm it touched the level of 31800. This was regarding...
Looking at the option chain The highest call OI is at 15000 strike price - that will act as resistance and may attract the price towards that. If it's taken out we may see some good upside Interestingly 14800 strike price has 3.1M call OI and 2.6M put OI - so that has also got good potential to attract price towards it Expiry Trade Strategy Either...
#banknifty analysis for 8th April:-#expiry Decision Zone:- 32,875 - 33,045 Resistance Zone:- 32,250 / 33,512 / 33,700 / 33,990 Support:- 32,665 / 32,400 / 32,100 / 31,800 - 31,950 There is lots of information in the analysis:- Just need to watch with open eyes and post on comments what you see.
THEY SAY VOLATILITY IS NOT GOOD. I SAY VOLATILITY IS THE BLOOD OF A TRADER. MAKING MONEY IN STOCK MARKET IS EASY BUT ONLY A FEW DOES IT . NSE:NIFTY NIFTY Tomorrow Expiry – Bearish on 5 min Time Frame but as you know its expiry so anything can happen. Keep in a close look in my YouTube channel. Trade keeping in mind the Price action With Levels. MARKET CAN BE...
#banknifty analysis for 1st April:- Decision Zone:- 33,411 - 33,527 Resistance Zone:- 33,698 / 33,990 / 34,360 / 34,650 / 35,100 Support:- 33,310 /33,175 / 33,050 / 32,751 / 32,500 / 31,600 We have mount Everest seating at 34,360 - 34,650 zone, where sell-off might trigger again and if these levels are crossed, we might see 36,500. One of the best forms of...
#banknifty analysis for 25th Mar:- #expiry Decision Zone:- 33,390 -33,490 Resistance Zone:- 33,700 / 34,275 Support:- 33,000 / 32,751 - 32,877 / 32,488 / 32,050. Daily closing below gap of 33,305 - 33,583 is not at all a good sign, the next support is 32,877 (breakout restest) & 32,751 (61.8% of the fall)zone if this fails to hold we move back to 31,404 (last...
#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...
#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...
#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...
#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...
Banknifty traded in very narrow range from last 4 days. Range 35500- 36600 Will expect sideway also. Will check the reject for sideway at this level or PDH or PDL. If BN sustain 30 at any above level than will expect directional move.
#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 /...
#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...
Banknifty is likely to expire in the range of 31000-31500, have a good support at 31000. Next support at 30800, 30500.