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Bank Nifty 30th May 2023Special markings in Red, blue and Green solid lines are very important areas and opening of the trade in the morning gives us a reasonable idea along with other factors as to how the day should proceed. If you have been following the levels from the previous charts by now you would have seen the importance of how correctly marked areas worked . we can visualize from the chart where a trade with defined risk can be taken. The dotted lines in red blue and green can be tagged incase of a break on either side. The dotted lines ate the untouched VAH, VAL or poc which can be tagged. If you carefully watch the previous charts you will understand how the dotted lines get tagged during the course of the day Keep following for live market updates.
NSE:BANKNIFTY1!
by SABMR
NIFTY : IS HISTORY REAPETING ?On 1st December and 13th Dec 2022, Nifty chart had made Abdon baby pattern. This is a very much reliable pattern. It is formed when there is extreme movement due to news. Index/stocks open with huge gap and close with huge gap up opening. this pattern is always form after continuous uptrend or downtrend, After gap up opening there has to be gap down opening where index had closed, day before gap up opening. same thing happened on 1st Dec and 13th Dec 2022. Nifty had given up all gain and fell down up to 16800 from 18900. it was 10% fall. Today also same thing had happened. Nifty had given gap up opening. If tomorrow there is gap down opening then today Abdon baby pattern is confirm and nifty will be forming TOP once again. When Nifty was at 18000 nifty was showing break out pattern and target was 18800 19000 and above. But after todays pattern we will have to think twice. If Nifty closes above todays candle stick then this pattern can be taken as false pattern. Long position can be initiated / hold. if tomorrow gap down then short position can be initiated with todays candle stick top. Nifty was in uptrend from 16800.
NSE:NIFTY
by Trendz9
Bank Nifty Futures 28th May 2023 LevelsSpecial markings in Red, blue and Green solid lines are very important areas and opening of the trade in the morning gives us a reasonable idea along with other factors as to how the day should proceed. If you have been following the levels from the previous charts by now you would have seen the importance of how correctly marked areas worked . we can visualize from the chart where a trade with defined risk can be taken. The dotted lines in red blue and green can be tagged incase of a break on either side. The dotted lines ate the untouched VAH, VAL or poc which can be tagged. If you carefully watch the previous charts you will understand how the dotted lines get tagged during the course of the day Keep following for live market updates.
NSE:BANKNIFTY1!
by SABMR
Nifty Futures Levels 28th May 2023Special markings in Red, blue and Green solid lines are very important areas and opening of the trade in the morning gives us a reasonable idea along with other factors as to how the day should proceed. If you have been following the levels from the previous charts by now you would have seen the importance of how correctly marked areas worked . we can visualize from the chart where a trade with defined risk can be taken. The dotted lines in red blue and green can be tagged incase of a break on either side. The dotted lines ate the untouched VAH, VAL or poc which can be tagged. If you carefully watch the previous charts you will understand how the dotted lines get tagged during the course of the day Keep following for live market updates.
NSE:NIFTY1!
by SABMR
Bank Nifty SL TriggeredAs said yesterday that morning star candle stick formed after sell off and suggested to keep SL of yesterday high, bank nifty opened at 43765 and gave up opening gain, dropped to 43588. Thirty minutes later Bank nifty broke yesterday high and shoot to 44050. So all there prediction went right. Now what next, Chart is self-explanatory. Yesterday shooting star pattern is confirmed by todays big green candle stick. These patterns are not to be taken lightly. Bank nifty is in up trend. MACD confirmation is yet to come, but it is laggard indicator. 20 DEMA is well supporting bank nifty. normally after long candle stick there is pause and then rally. Bank Nifty according to this theory can trade sideways and any break above 44300 will take bank nifty to 1.618 Fibonacci level, which is placed at 47000 and SL at 43400( yellow line)
NSE:BANKNIFTY
by Trendz9
Short DOW: Keep SL of today's highDow had almost done 0.618 Fsbonacci level, Today's low is 32655,where as Fabonacci level is 32500. As said 0.618 Fabonacci levels is a very strong level, Dow can reverse from here up to 0.368. Last five days Dow is making steep lower low and lower high. (Red line). Today is fifth day Dow is continuing with lower low lower high. No5 also denotes Fabonacci No. It is always good to be coutious from here onwards. Any break above red line Dow can change its trend atleast for short term. So keep trailing SL above Red line and continue short position. Any time if Dow close above yellow line running up from 31388, will confirm Dow's up trend and shorts need to be covered that point if not covered above red line.
TVC:DJIShort
by Trendz9
NIFTY FUTURES LEVVELS 26.05.23Special markings in Red, blue and Green solid lines are very important areas and opening of the trade in the morning gives us a reasonable idea along with other factors as to how the day should proceed. If you have been following the levels from the previous charts by now you would have seen the importance of how correctly marked areas worked . we can visualize from the chart where a trade with defined risk can be taken. The dotted lines in red blue and green can be tagged incase of a break on either side. The dotted lines ate the untouched VAH, VAL or poc which can be tagged. If you carefully watch the previous charts you will understand how the dotted lines get tagged during the course of the day keep following for live market updates.
NSE:NIFTY1!
by SABMR
BANK NIFTY FUTURES 26th MAY 2023Special markings in Red, blue and Green solid lines are very important areas and opening of the trade in the morning gives us a reasonable idea along with other factors as to how the day should proceed. If you have been following the levels from the previous charts by now you would have seen the importance of how correctly marked areas worked . we can visualize from the chart where a trade with defined risk can be taken. The dotted lines in red blue and green can be tagged incase of a break on either side. The dotted lines ate the untouched VAH, VAL or poc which can be tagged. If you carefully watch the previous charts you will understand how the dotted lines get tagged during the course of the day keep following for live market updates.
NSE:BANKNIFTY1!
by SABMR
Bank Nifty Futures 25th May LevelsSpecial markings in Red, blue and Green solid lines are very important areas and opening of the trade in the morning gives us a reasonable idea along with other factors as to how the day should proceed. If you have been following the levels from the previous charts by now you would have seen the importance of how correctly marked areas worked . we can visualize from the chart where a trade with defined risk can be taken. The dotted lines in red blue and green can be tagged incase of a break on either side. A gap up should be bullish and its important to follow price action and wait for a proper entry. ANY GAP DOWN BELOW THE SUPPORT AT 43515 /green area should be bearish and again price action will be important. The dotted lines ate the untouched VAH, VAL or poc which can be tagged. If you carefully watch the previous charts you will understand how the dotted lines get tagged during the course of the day keep following for live market updates.
NSE:BANKNIFTY1!
by SABMR
Nifty Futures 25.04.23Special markings in Red, blue and Green solid lines are very important areas and opening of the trade in the morning gives us a reasonable idea along with other factors as to how the day should proceed. If you have been following the levels from the previous charts by now you would have seen the importance of how correctly marked areas worked . we can visualize from the chart where a trade with defined risk can be taken. The dotted lines in red blue and green can be tagged incase of a break on either side. A gap up should be bullish and its important to follow price action and wait for a proper entry. ANY GAP DOWN BELOW THE SUPPORT AT 18266 /green area should be bearish and again price action will be important. The dotted lines ate the untouched VAH, VAL or poc which can be tagged. If you carefully watch the previous charts you will understand how the dotted lines get tagged during the course of the day keep following for live market updates.
NSE:NIFTY1!
by SABMR
Nifty Futures Levels 24th May 2023Special markings in Red, blue and Green solid lines are very important areas and opening of the trade in the morning gives us a reasonable idea along with other factors as to how the day should proceed. If you have been following the levels from the previous charts by now you would have seen the importance of how correctly marked areas worked . we can visualize from the chart where a trade with defined risk can be taken. The dotted lines in red blue and green can be tagged incase of a break on either side. A gap up should be bullish and its important to follow price action and wait for a proper entry. ANY GAP DOWN BELOW THE SUPPORT AT 18288 should be bearish and again price action will be important. The dotted lines ate the untouched VAH, VAL or poc which can be tagged. keep following for live market updates.
NSE:NIFTY1!
by SABMR
Bank Nifty Futures24th May LevelsSpecial markings in Red, blue and Green solid lines are very important areas and opening of the trade in the morning gives us a reasonable idea along with other factors as to how the day should proceed. If you have been following the levels from the previous charts by now you would have seen the importance of how correctly marked areas worked . we can visualize from the chart where a trade with defined risk can be taken. The dotted lines in red blue and green can be tagged incase of a break on either side. A gap up should be bullish and its important to follow price action and wait for a proper entry. ANY GAP DOWN BELOW THE SUPPORT AT 43515 should be bearish and again price action will be important. The dotted lines ate the untouched VAH, VAL or poc which can be tagged. keep following for live market updates.
NSE:BANKNIFTY1!
by SABMR
Nifty Futures 23rd May 2023Any opening in-between the areas marked will be a no trade zone for buyers. However a breakout on either sides of the support and resistance zones will be interesting...as it will be coming out of consolidation area. The opening will lay the course of action for the day. Special markings in Red, blue and Green are very important areas and opening of the trade in the morning gives us a reasonable idea along with other factors as to how the day should proceed. If you have been following the levels from the previous charts by now you would have seen the importance of how correctly marked areas worked . we can visualize from the chart where a trade with defined risk can be taken. keep following for live market updates.
NSE:NIFTY1!
by SABMR
Bank Nifty Futures 22nd May levelsIncase You have been viewing the charts, you will find special markings in Red, blue and Green. These are very important areas and opening of the trade in the morning gives us a reasonable idea along with other factors as to how the day should proceed. If you have been following the levels from the previous charts by now you would have seen the importance of how correctly marked areas worked . we can visualize from the chart where a trade with defined risk can be taken. keep following for live market updates.
NSE:BANKNIFTY1!
by SABMR
Bank Nifty levels for 19th May 2023 Incase You have been viewing the charts, you will find special markings in Red, blue and Green. These are very important areas and opening of the trade in the morning gives us a reasonable idea along with other factors as to how the day should proceed. If you have been following the levels from the previous charts by now you would have seen the importance of how correctly marked areas worked . we can visualize from the chart where a trade with defined risk can be taken. keep following for live market updates.
NSE:BANKNIFTY1!
by SABMR
Sell Dow Previous analysis it was said that Dow had given up 20DMA support and trading below triangle pattern. It was guessed Dow will start its downward journey. But it didn't happen and today Dow recovered all its losses and is again trading at 33400l level. But if we see carefully Dow is making lower high. Yellow trend line is running down from 34287, 34792 and today 33455. Distance from 34287 to 33792 to 33455 is 450 pts and 350 pts. which is appx retracement of 50% and 42% near to(0.380) Fibonacci level. So what ever bounce back was to happen is happening today itself. This bounce can be taken as continuation pattern unless 50DMA is not taken away on upper side and the second lower high of 33792 is taken out , MACD remains below signal line, till then Dow will remain short candidate.
TVC:DJIShort
by Trendz9
Nifty Target Done What NextAs per previous analysis Nifty had retraced to 0.618 kevel placed at 18050. It was also placed at 20 DMA making that area a concrete support zone. Nifty had reverted 140 points from low 18056 CMP 18190. This type of reversal is well taken as end of correction. Technically nifty had made H & S pattern target of 18450 appx, them corrected to 18050 -400 points and then again bounced back 140 points. this 140 points bounce is 35 % of 400 points fall which cannot be taken gradually. The point here is to say that now Nifty direction can only be decided above 18500 on up side and 18000 on down side. MACD is pointing sell signal. RSI is at 68 which is not in over sold zone and no divergence is noticeable. Overall Nifty can trade in side way s
N
by Trendz9
SELL DOWToday Dow had finally given up 20 day EMA support . Not only it had given up 20DEMA but also completed inverted triangle pattern and now is trading below it. MACD also came below zero line which is comfortable signal for short sellers. If Dow remains below this support and triangle pattern then Dow is looking at 32K. Industrial production YOY for April was revised from 53 to 0.07. May Industrial production is also low at 0.24. Hence Economic conditions too are favoring Short Sellers. Conclusion go short after yesterdays wait and watch.
TVC:DJIShort
by Trendz9