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Herozero

01 Mar ’24 — BankNifty gets an upgrade - from Bearish to NeutralBankNifty Analysis - Stance Neutral ➡️ BankNifty also gets a stance change today i.e. from bearish to neutral. All that is pending is to take out the 47465 resistance to go bullish. Most likely that should happen tomorrow and we are eagerly waiting to trade on another Saturday. BN closed the day with a gain of 1166 points ~ 2.53%. But unlike Nifty, BN is not near its ATH. We have some more distance to cover. 4mts chart Look at the number of green candles in the higher time frame. 11 consecutive 63mts candles i.e. 693 hours of unchecked bull run. We are very sure if the same had happened yesterday - a lot of option traders would have tripled their capital. Expiries usually attract hero-zero traders and most of them prefer to load on BankNifty CEs and PEs. BN is safely out of the bearish channel and that is why the stance has been revised from bearish to neutral. 63mts chart Algo Trading Our algo trades ended today with a loss of Rs39177. It was on the expected lines as the algo is based on option selling and for strong directional move days like today - it will run into deep cuts. In a way, we are happy that the loss was not 63891. I am a registered financial advisor & would be happy to assist with your queries or doubts. If privacy is required, you can DM me too.
NSE:BANKNIFTY
by viswaram
Market is oversold?? || Nifty Expiry Day analysis 05th OCTGood Morning Traders, Yeah Market is looking oversold, A bounce is possible in indian market, i mean a rally of 120-180 points is possible in Nifty. Nifty have formed a small candle on the daily timeframe with almost identical open and close and with long lower shadow. Technically this pattern indicates the formation of a Dogi or Hammer type candle pattern. Normally, the formation of such patterns after a reasonable decline or at the key supports signals a comeback of bulls from the lower levels. Any recovery above 19500, will take nifty towards 19625+. Important levels for nifty:- Support Zone 19300 Resistant Zone 19500 Buy above 19480 only if levels sustains at least for 30 mints. Keep stop loss at 19392 Targets we can see in upside 19550/19625+ Note:- Hero Zero Trade will be in 2nd half somewhere 1:15pm. So, we will update in afternoon according to price action, so stick with us and follow us to get notity at right time. Till then enjoy but don't overtrade and Always wait for the best entry or levels to execute trades. And always follow strict stop loss to save your capital from unexpected market direction. Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades. Dear traders, If you like my work then do not forget to hit like and follow me, and guy's let me know what do you think about this idea in comment box, i would be love to reply all of you guy's. Thankyou.
NSE:NIFTYLong
by TraderRahulPal
2
#CNXFINANCE #Finifty - expiry viewFinnifty is trading below budget day low and is going to face resistance around it, however on 45 min tf the structure which is currently developing is suggesting that it may be forming a reversal pattern and anticipation is that inverted H&S pattern is under development. As long as recent swing low is protected it can take support at the trendline which is coming from lower side as support and has already given a falling counter trendline resistance breakout on Friday closing. As the price gets more and more congested into this zone, possibility of inverted h&s formation and upside breakout may be on higher side. Overall, the setup is looking good to play some directional buying by Tuesday expiry if it gets matured by that time, keep this setup in watchlist for some expiry special :)
NSE:CNXFINANCELong
by aktradelearning