#banknifty view for 12th Aug'21 #expiry
Do you see #banknifty weak?
No, BN at 35,806 is trading above the majority of SDMA (10/20/50/100) and 5 SDMA is 35,903, and the majority of momentum & trend oscillators are in buy mode.
What do I do, go long or go short? I don't see any weakness in the market until 34,861 is breached. Till that time, its buy-in dips the...
Overview: Bank Nifty opened flat, took support exactly at our mentioned levels of 34893 and started to trade upside, later in 2nd half market fell sharply after testing the resistance zone and due to the European market fall BNF corrected to 34750 levels.
As below 35000 levels, we must have got a very good shorting opportunity.
Banknifty resistance level:...
As mentioned in earlier post of 26 May 2021 Nifty View, I see expiry close to 15200.
However, today's price action at resistance zone have given a bullish sign making a small flag,
if breaks then may test all time high, else if it breaks the lower inclined trend line, then it may test support level 15200
So, range for this monthly expiry 15200 - 15400
Tomorrow is expiry , Lets discus trade setup in detail:-
1. If nifty opens gap up :- If Nifty opens above 15080 0r 15100 than look for buy on Dip till 15040 .with 15000 as SL . Don't forget to trail your SL.
2. If nifty opens Gap Done :- if Nifty opens below 15000 then sell on Rise till 15090 . Sl will 15125.
3. in Range :- if Nifty opens between 15020 -15070 ....