Please follow strict Sl. these are my view, not recommendations.
Nifty facing resistance on 15 mins chart. Aggressive traders can go short very short term period.
#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...
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...
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:...
#BankNifty will be volatile due to monthly expiry, trade with SL, and keep booking small profit. One cycle was complete of elliot wave ( 21,027 to 32,112 - 5 wave & 32,112 to 21,615- 3 wave). Use buy in dip stargetgy for a target of 22,363 / 22,540 / 22,791 SL 21,615. Trade what you see not what you feel, enjoy trading. Will change the view below 21,600.
#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...
Review 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...
#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...
Looks like Head & Shoulder pattern, may to eat all the premiums in the expiry day both the side. Switch to 5 min's time frame to see more clearly.
Resistance and Support levels are provided to you for 11th june (expiry) would prefer to buy nifty around 10185 levels which is 1st resistance only after a clear break out. would prefer to sell nifty below 1st support level after a clear break down.
Nifty 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...
NIFTY 21MAY EXPIRY RANGE SHOULD BE 9600-9800 TO 8600-8800.
Upside target (22300-22500) posted last week is still valid, being monthly expiry the don't see any major correction today. Yello zone is no trading zone, above is long and below is short. Trade with light quality and look out for 22,000 CE unwinding if happens, enter next series 22500 CE and exit around 22300-22500 BN range. Shorting only below day low gets violated.
Nifty Cmp 9253 Prima facie, Nifty looks likely to close above 9230 One may avoid temptation to buy put options
Watch the levels as mentioned Views are for ‘’EDUCATIONAL PURPOSE ONLY’’ trade at your own risk. "Always Respect Risk" Happy Trading Jai Hind Dhiraj Singh Bais Warrior @ Battle field