Price expansion is in progress, which is giving an upside target of 31,710 before any sell off happening.
#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...
#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...
#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 -...
NIFTY - Welcomes to Wed & Thursday volatility world CMP : 13490 SL : 13515 Target : 13420 I see mild RSI negative divergence and resistance is nearing.
#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...
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...
Comment, suggestions are welcomed!
#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...
#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...
#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...
Nifty has a intraday resistance near 11920, can go for short near 11920 . Expected downside level for today is 11800. Can consider option buying 11900pe near the resistance zone.
#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...
#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...
#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...
or example, if nifty break 11305 ...and sustain buy 11300 CE. as options data suggest we have very less possibility to break 11170. and nifty might open above the Range. if nifty not break the range in 30-45 min then we have range bound market and will have momentum in the second session only. MY possible setup. 1 flat opening sell 11350 ce and 11150 pe 2....
#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...
sell 24500 ce or 24400 ce Sell 23000pe 23100 pe 23200 pe Market range 23500 t0 24600