Banknifty has a crucial TL which is working as support for now. Upcoming session can be trades based on the levels given. Cheers. Caution : budget week.
Nifty Bank on 15 min timeframe looks bearish making bearish flag and pole on 15 min levels to watch for upcoming days for week/2 weeks also might consolidate after wonderful trending day ! this is just my analysis trade as per your plan and strategy. this is not trading call
Banknifty have given breakout of falling wedge channel today which is a sign of good revresal in an hourly timeframe.
Nifty forming symmetrical triangle on 1H chart. Taking support from the lower trendline. Rsi showing bearish divergence. Plan your trades accordingly.
Banknifty is near to upper level of 15 minutes trend line from 27th Oct. 21, If BN crossed and close above 38100 today, A fresh up move can be seen for a target of 38248, 38735, SL 37700
Today Nifty closed below 17500, at 10.32pm, Dow -60 points, Nasdaq +7 points & SGX Nifty -90 points, Slightly negative opening expected, Call side highest OI at 17500 & Put side at 17300, Cumulative highest OI at 17500 & 17600, After flat to negative opening, Call side premium may decrease in first half and in second half we may see put side premium...
The adjusted closing of NIfty at 17025, H&S Neck line already broken, A fresh channel break down happened, FII watching the drama, Covid playing in the globe, Be careful. Trade, If Nifty start trading below 17000, Short Nifty , Tgt 16850, 16700 & positional 16350 SL is very deep. 17620
Today nifty broken H&S pattern neck line, New fresh positivity can be seen only if Nifty sustain above 17750, If Nifty break 17280 in tomorrow's session, Short Nifty, Tgt 17225, 17000, 16700, SL 17430 Call writers playing smartly, Fresh call writing generating only after breaking each important level.( Very Smart ), Hence they r not getting trapped.
If you observe, Call writers writing the calls only after breaking the each level, where they can generate the fresh resistance, Bulls trapped badly, Nifty can survive only if FII start buying, else, H&S pattern neck line broken. Fresh Nifty Support 17000, 16700, 16365, 15965 Trade, Sell Nifty at 17400 Tgt 17330, 17250, 117150 SL 17525
Without hitting SL our one target achieved today, PCR showing over sold indication, If opened and sustain above 18075, Long Nifty, Tgt 18125, 18175,18225 SL 17975
As expected, BN traded at short side today, Our both targets achieved, Closed above 38300 after adjustment, 38300 is a important level, PCR indicating over sold, MACD over stretched, RSI at lower level, If BN test 38127 tomorrow, a sharp bounce back may surprise us, If start trading above 38425, Long BN, Tgt 38550, 38620, 38780 SL 38250
On last trading session (FRIDAY) before the closing of the market we have seen a clear bounce from the important zone of 17600 if market manages to sustain above 17600 level on Monday index is heading for 17900/18000 in coming days. As a trend reversal trader I will like to built a long position in NIFTY above 17760 for the above mentioned targets. Also RSI Is...
Nifty closed in the middle of a 115 minutes channel, RSI showing good strength, MACD in negative mode, Conclusion, If opened above 18130, Short covering possible, which will take nifty 18175, 18200, 18225, But as RSI at higher level, MACD slightly negative, sharp profit booking possible at higher levels, If FII start buying, then only Nifty can continue...
BN closed near important resistance level of 38780, RSI weak, MACD negative, If opened and sustain above 38800, long BN, Tgt 38950, 39100, 39225 SL 38750 If start trading below 38700, Short BN, Tgt 38550, 38400 SL 38780
Today BN tested 38345 level, Our both targets achieved, Now, RSI is at 43 and MACD expected positive turn for tomorrow, Range bound trade expected between 38200 - 38700 Trade, If Opened above sustained above 38600, Long BN Tgt 38775, 38840 SL 38300 If sustain below 38250, Short BN, Tgt 38075, 37925 SL 38400
On Day chart, BN still showing negative trend for short term, An "Insider Candle" pattern formed and today closed in down side direction of child candle, Also, RSI is weak, MACD negative diversion formed, Even if it touch 39800, A sharp down fall possible, and If it start trading & closed below 39300 without upper side movement, we can see a lower level up to...
On Day chart, BN still showing negative trend for short term, An "Insider Candle" pattern formed and today closed in down side direction of child candle, Also, RSI is weak, MACD negative diversion formed, Even if it touch 39800, A sharp down fall possible, and If it start trading & closed below 39300 without upper side movement, we can see a lower level up to...
Banknifty closed at important support level after a volatile session, Possibility of breaking 15 minute trend line at down side, RSI weak and MACD Parallels If opened and sustain below 39000 tomorrow, Short BN SL 39200 TGT 38800, 38550, 38250 If crossed and sustain above 39200, Long BN SL 39100 TGT 39300, 39450