BANKNIFTY FURES LEVELS 1ST JUNE 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.
Index
Nifty Futures Levels 31st May 2023Will explain in detail to all those following what are these lines in different colors and how price reacts. Also how prices get tagged on the dotted lines. But first it is important to observe the behavior of price on the Charts being published by me.
Special 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.
Bank Nifty Futures Levels For 31st May 2023Will explain in detail to all those following what are these lines in different colors and how price reacts. Also how prices get tagged on the dotted lines. But first it is important to observe the behavior of price on the Charts being published by me.
Special 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.
NIFTY FUTURE LEVELS 1ST JUNE 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.
Dow: Taking support.Continueing hour earlier analysis, it is observed further that in above 15 minute time frame Dow had reversed from red downtrend line. MacD is above signal line on 15 min time frame. Given risky trader should wait for 30 min for Dow to trade below 32750. Dow had given low of 32739 on 15 min candlestick and from next 15 min candlestick has bounce back. This simply means buying is emerging at given level(32750). This is third time Dow had reversed from this level. Risky traders SL is not yet triggered and can continue with long till 32750 is not broken { Now SL is reduced to 32700 as low is 32739.)
Rest long and short entry remain same till this point of time. Today's close will give us clear picture.
NIFTY : IS HISTORY REAPETING ?As said yesterday nifty, if there is gap down then Abdon baby pattern is confirmed , but looking at todays on going candle stick pattern it seems to be evening star pattern. ( not completed). Evening star pattern is formed when index/stock opens at yesterday close and continue its journey down wards. It is also a reliable pattern. Nifty can move up also tomorrow or day after. Bu point to be noted is Nifty is in process of making Top. Given to go short below 18550 which is triggered. SL will be yesterdays high. with trailing SL of 100 points. SUPPORT COULD COME NEAR GREEN UPTREND LINE.
Nifty Levels for 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.
NIFTY : IS HISTORY REAPETING ?Todays candlestick had not confirmed the Abdon Baby pattern but it is not above yesterdays candlestick. If we see candlestick its making 1. bearish harrami pattern, (not completed) we will come to know after market is closed.
2 Another way to look at today's candlestick is to combine yesterdays and todays candlestick. Ie. take yesterdays low and todays high. if we take yesterdays and todays candle stick as one then tomorrow gap down will confirm Abdon baby pattern.
3. if todays high is taken away then tomorrow upside is confirm 4
4 How to trade is million dollar question. a} Be patient b) wait for 18550 to break on down side with todays High SL (100) pts. ( 5000 Loss)
c) Go long above 18650 with SL 18550. d) keep trailing SL of 100 pts is trade goes in Favour.
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.
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.
NIFTY50 index positional analysisI am highly bullish on NIFTY50 index as it has formed a bullish CUP AND HANDLE PATTERN and if it breaks above major resistances of 18500-18700 resistance zones , by breakout i mean a monthly candle closing and then a retest , if this happens I'm expecting the index to touch 20k-21k levels in the near future
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.
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.
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)
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.
Bank Nifty Cautious View.Bank Nifty short sellers need to be cautious as today's candle stick formation is shooting star at 20DEMA Today after giveig low of 43390, below 20DEMA bank nifty recovered forming shooting star pattern. Shooting star pattern is formed as buyers emerge at lower level and push stock /index up.Short trade should be closed above today's high.
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.
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.
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.
Sell Bank Nifty Completion of inverted triangle, unable to move above 44200, MacD below signal line and Break down of higher low ( Yellow line from 38800 to 44174 ) has made Bank nifty a Concrete short candidate. As per Fibonacci levels target is placed at 42800 and 42000.
Sell with SL at 44200. Risk reward ration 500:1000
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.
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.