BANKNIFTY Spot: Settled at 23937.70, Though in NORMAL market it was: 23943.20
GAP Form in UP TREND on 13th Jul 2017. Covered some point on Friday
But Till now more point Needed to fill GAP. Crucial Level at 23730 (STRONG), to Fill GAP
Must WATCH, GANN Line "2 X 1" (Marked in Dotted Green Color , Near "Extreme SUPPORT Level", as of NOW at 23523 )
For Dip fall...
BANKNIFTY Spot: Settled at 23888.65, Though in NORMAL market it was:23866.4
Above GANN FAN "2X1" line In GANN point of View Crucial Levels are: 23890 - 23909, 23958 .
Must WATCH, GANN Line "2 X 1"
For Dip fall CRUCIAL LEVEL 23546 , Mentioned in "Fate of BANKNIFTY 0.47% View (WEEKLY Basis)"
Levels & GANN Lines plotted on Chart.
Trading Range: 180 -205 Points,...
Intraday LEVELS Plotted in CHART.
NIFTY: Candle Pattern Confusing (LH & HL)
Indicators & Oscillators also MIXED in character.
Though MACD, RSI & Some other indicators & Oscillators till now in BUY Zone,
TREND: UP , Bias: FLAT to -VE
Expected Trading Range: 49 to 69 Point , Extended to 87 point.
VIEW: NEUTRAL (LONG in Lower Level) / SHORT in Higher...
BANKNIFTY Spot: Settled at 23695.45, Though in NORMAL market it was:23719.35
Touched GANN FAN "2X1" line & Closed at GANN Arch 4 X 1
Must WATCH, Made a LOW at 23523.65 (DOUBLE Bottom) ,
Near CRUCIAL LEVEL 23546, Mentioned in "Fate of BANKNIFTY View (WEEKLY Basis)"
Intraday Hurdles & Bounces for 13th JULY 2017.
Levels & GANN Lines plotted on...
BANKNIFTY:Spot: 23584.60
Closed Below GANN FAN "2X1" line
Will be Strong RESISTANCE Line.
Below ICHIMOKU Cloud.
Must WATCH, Made a LOW at 23533.20 ,
Near CRUCIAL LEVEL 23546
Mentioned in "Fate of BANKNIFTY View (WEEKLY Basis)"
Intraday Hurdles & Bounces for 12th JULY 2017.
Levels & GANN Lines plotted on Chart.
Trading Range: 143 -199 Point, Extended to 223...
As EveryONE says History repeats itself
then
Nifty suppose to touch 10036 to complete its pattern and u know the pattern name.
cmp: 9786
Duration Left: 4 weeks
Strong Support @ 9650
200 points is not a big deal for Nifty.
So where to begin with ?! Let's go with analysis first then we will touch up on Gann.
Why I'm aiming the zone of Nifty 9570's, as mentioned in previous post I can see potential ABCD pattern , though its bull run it may trigger downmove a smaller relief rally of 100 points. Apparently, we are aiming at 9750's zone for this bull run target zone, if My guess is...
Here is one setup just with Gann square, from Ceat chart you can see the resistance it has broken, so expecting move around 100 points approx. But let's see will it roll smooth or get punctured :)
As shown in chart, PNB took support at Gann line and the uptrend may continue from here. Long position can be taken once it closes above 144.35 which happens to be 38.2% retracement level. SL and Tgt are shown in the chart.
Self explanatory chart. Close above the Gann line will be bullish, the volumes have been good in last few sessions. RSI is not supporting much but that can just mean that a close above Gann line will result in stock moving sideways for few days i.e. accumulation stage before it moves up again. Wait for the confirmation. Unable to close above Gann line will result...
Looks like a double bottom on INFY daily chart. Last session has pushed the stock above GANN line with above average volumes. Is this the right time to invest in this stock or will Trump's decisions bring more pain to IT companies.
Traders can go long here with a SL below Gann line. Target is 980, 1020
Tata Steel had a good run and is now facing resistance at Gann line. Based on the previous reactions (highlighted circle) from Gann line, I see an opportunity to buy a PUT option here. Volumes are supporting it and so is RSI. I won't recommend shorting the future but pro traders can do it with SL above the gann line.
I will personally prefer to buy a PUT, Strike...
