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Bank Nifty: Friday - 11/11/22Levels: Support: 41350, 41100, 40850, 40645, 40420. Resistance: 41700, 41950 OI Data: ---------------------------------------------------------------------| Bank Nifty => Price: 41603.75 ATM: 41600 , ITM: 41500, 41400, 41300 , OTM: 41700, 41800, 41900 ---------------------------------------------------------------------| Highest OI Call in Bank Nifty per OI data: 41600 Highest OI Put in Bank Nifty per IO data: 41500 Nearest Major Resistance in Bank Nifty per OI data: 42100 Nearest Major Support in Bank Nifty per IO data: 41200 ---------------------------------------------------------------------| Trade setup: 1. For any buy trade, follow the N pattern (let the price run above the level, let it retraces back to the level and let it hold the level as support) 2. For any sell trade, follow the mirror-N pattern (let the price fall below the level, let it pull back to the level and unable to pass through the level as resistance). +++++++++++++++++++++++++++++++++++++++++ Trade | Level | SL | T1 | T2 ----------------------------------------- BUY | > 41650 | 41550 | 41850 | 42000 ----------------------------------------- SELL | < 41500 | 41600 | 41350 | 41200 +++++++++++++++++++++++++++++++++++++++++
NSE:BANKNIFTYLong
by pradipandsuvra
FinNifty: Monday - 07/11/22NOTE: As Tuesday is a Holiday for Guru Nanak Jayanti, so the FinNifty expiry for this week is Monday. Levels: Support: 18520, 18450, 18300 Resistance: 18640, 18740. Trade Setup: 1. For any buy trade, follow the N pattern (let the price run above the level, let it retraces back to the level and let it hold the level as support) 2. For any sell trade, follow the mirror-N pattern (let the price fall below the level, let it pull back to the level and unable to pass through the level as resistance). 3. One can go long till the price-action stays above the green uptrend line. 4. If the uptrend line is broken, wait for the next immediate support line. That's the place it will take support. Please note: FinNifty is highly volatile in Tuesday. +++++++++++++++++++++++++++++++++++++++++ Trade | Level | SL | T1 | T2 ----------------------------------------- BUY | > 18700 | 18650 | 18800 | 18850 ----------------------------------------- SELL | < 18230 | 18300 | 18150 | 18050 +++++++++++++++++++++++++++++++++++++++++
NSE:CNXFINANCELong
by pradipandsuvra
Bank Nifty: Monday - 07/11/22Levels: Support: 41150, 41000, 40850, 40650 Resistance: 41430, 41680, 42000 OI Data: ---------------------------------------------------------------------| Bank Nifty => Price: 41258.45 ATM: 41300 , ITM: 41200, 41100, 41000 , OTM: 41400, 41500, 41600 ---------------------------------------------------------------------| Highest OI Call in Bank Nifty per OI data: 41500 Highest OI Put in Bank Nifty per IO data: 41000 Nearest Major Resistance in Bank Nifty per OI data: 41700 Nearest Major Support in Bank Nifty per IO data: 40900 ---------------------------------------------------------------------| Trade setup: 1. For any buy trade, follow the N pattern (let the price run above the level, let it retraces back to the level and let it hold the level as support) 2. For any sell trade, follow the mirror-N pattern (let the price fall below the level, let it pull back to the level and unable to pass through the level as resistance). +++++++++++++++++++++++++++++++++++++++++ Trade | Level | SL | T1 | T2 ----------------------------------------- BUY | > 41350 | 41250 | 41500 | 41600 ----------------------------------------- SELL | < 41200 | 41300 | 41000 | 40850 +++++++++++++++++++++++++++++++++++++++++
NSE:BANKNIFTYLong
by pradipandsuvra
1
Nifty: Monday - 07/11/22Levels: Support: 18080, 18050, 18020, 17990 Resistance: 18150-18180 OI Data: ---------------------------------------------------------------------| Nifty => Price: 18117.15 ATM: 18100 , ITM: 18050, 18000, 17950 , OTM: 18150, 18200, 18250 ---------------------------------------------------------------------| Highest OI Call in Nifty per OI data: 18000 Highest OI Put in Nifty per OI data: 18000 Nearest Major Resistance in Nifty per OI data: 18350 Nearest Major Support in Nifty per OI data: 17950 ---------------------------------------------------------------------| Trade setup: 1. For any buy trade, follow the N pattern (let the price run above the level, let it retrace back to the level and let it hold the level as support) 2. For any sell trade, follow the mirror-N pattern (let the price fall below the level, let it pulls back to the level and unable to pass through the level as resistance). +++++++++++++++++++++++++++++++++++++++++ Trade | Level | SL | T1 | T2 ----------------------------------------- BUY | > 18150 | 18100 | 18250 | 18300 ----------------------------------------- SELL | < 18080 | 18120 | 18000 | 17950 +++++++++++++++++++++++++++++++++++++++++
NSE:NIFTYLong
by pradipandsuvra
Bank Nifty: Friday - 04/11/22Levels: Support: 41050, 40850, 40650, 40450 Resistance: 41430, 41680, 42000 OI Data: ---------------------------------------------------------------------| Bank Nifty => Price: 41298.35 ATM: 41300 , ITM: 41200, 41100, 41000 , OTM: 41400, 41500, 41600 ---------------------------------------------------------------------| Highest OI Call in Bank Nifty per OI data: 41300 Highest OI Put in Bank Nifty per IO data: 41300 Nearest Major Resistance in Bank Nifty per OI data: 41700 Nearest Major Support in Bank Nifty per IO data: 40800 ---------------------------------------------------------------------| Trade setup: 1. For any buy trade, follow the N pattern (let the price run above the level, let it retraces back to the level and let it hold the level as support) 2. For any sell trade, follow the mirror-N pattern (let the price fall below the level, let it pull back to the level and unable to pass through the level as resistance). +++++++++++++++++++++++++++++++++++++++++ Trade | Level | SL | T1 | T2 ----------------------------------------- BUY | > 41350 | 41250 | 41500 | 41600 ----------------------------------------- SELL | < 41200 | 41300 | 41000 | 40800 +++++++++++++++++++++++++++++++++++++++++
NSE:BANKNIFTYLong
by pradipandsuvra
Nifty: Friday - 04/11/22Levels: Support: 18020, 18020, 17950 Resistance: 18100, 18120, 18140, 18170 OI Data: ---------------------------------------------------------------------| Nifty => Price: 18052.7 ATM: 18050 , ITM: 18000, 17950, 17900 , OTM: 18100, 18150, 18200 ---------------------------------------------------------------------| Highest OI Call in Nifty per OI data: 18100 Highest OI Put in Nifty per OI data: 18000 Nearest Major Resistance in Nifty per OI data: 18250 Nearest Major Support in Nifty per OI data: 17850 ---------------------------------------------------------------------| Trade setup: 1. For any buy trade, follow the N pattern (let the price run above the level, let it retrace back to the level and let it hold the level as support) 2. For any sell trade, follow the mirror-N pattern (let the price fall below the level, let it pulls back to the level and unable to pass through the level as resistance). +++++++++++++++++++++++++++++++++++++++++ Trade | Level | SL | T1 | T2 ----------------------------------------- BUY | > 18100 | 18060 | 18200 | 18250 ----------------------------------------- SELL | < 18000 | 18040 | 17900 | 17850 +++++++++++++++++++++++++++++++++++++++++
NSE:NIFTYLong
by pradipandsuvra
Bank Nifty: Thursday - 03/11/22Levels: Support: 41000, 40850, 40650, 40450 Resistance: 41330, 41430, 41680, 42000 OI Data: ---------------------------------------------------------------------| Bank Nifty => Price: 41146.65 ATM: 41100 , ITM: 41000, 40900, 40800 , OTM: 41200, 41300, 41400 ---------------------------------------------------------------------| Highest OI Call in Bank Nifty per OI data: 41500 Highest OI Put in Bank Nifty per IO data: 40500 Nearest Major Resistance in Bank Nifty per OI data: 41600 Nearest Major Support in Bank Nifty per IO data: 40700 ---------------------------------------------------------------------| Trade setup: 1. For any buy trade, follow the N pattern (let the price run above the level, let it retraces back to the level and let it hold the level as support) 2. For any sell trade, follow the mirror-N pattern (let the price fall below the level, let it pull back to the level and unable to pass through the level as resistance). +++++++++++++++++++++++++++++++++++++++++ Trade | Level | SL | T1 | T2 ----------------------------------------- BUY | > 41250 | 41150 | 41450 | 41600 ----------------------------------------- SELL | < 41000 | 41100 | 40800 | 40650 +++++++++++++++++++++++++++++++++++++++++
NSE:BANKNIFTYLong
by pradipandsuvra
Nifty: Thursday - 03/11/2022Levels: Support: 18050, 18020, 17980 Resistance: 18100, 18125, 18175 OI Data: ---------------------------------------------------------------------| Nifty => Price: 18082.85 ATM: 18100 , ITM: 18050, 18000, 17950 , OTM: 18150, 18200, 18250 ---------------------------------------------------------------------| Highest OI Call in Nifty per OI data: 18400 Highest OI Put in Nifty per OI data: 18000 Nearest Major Resistance in Nifty per OI data: 18150 Nearest Major Support in Nifty per OI data: 17950 ---------------------------------------------------------------------| Trade setup: 1. For any buy trade, follow the N pattern (let the price run above the level, let it retrace back to the level and let it hold the level as support) 2. For any sell trade, follow the mirror-N pattern (let the price fall below the level, let it pulls back to the level and unable to pass through the level as resistance). +++++++++++++++++++++++++++++++++++++++++ Trade | Level | SL | T1 | T2 ----------------------------------------- BUY | > 18120 | 18080 | 18200 | 18250 ----------------------------------------- SELL | < 18020 | 18060 | 17950 | 17900 +++++++++++++++++++++++++++++++++++++++++
NSE:NIFTYLong
by pradipandsuvra
Bank Nifty: Wednesday - 02/11/22Levels: Support: 41000, 40850, 40650 Resistance: 41350, 41425, 41675 OI Data: ---------------------------------------------------------------------| Bank Nifty => Price: 41289.55 ATM: 41300 , ITM: 41200, 41100, 41000 , OTM: 41400, 41500, 41600 ---------------------------------------------------------------------| Highest OI Call in Bank Nifty per OI data: 41500 Highest OI Put in Bank Nifty per IO data: 41500 Nearest Major Resistance in Bank Nifty per OI data: 41700 Nearest Major Support in Bank Nifty per IO data: 41100 ---------------------------------------------------------------------| Trade setup: 1. For any buy trade, follow the N pattern (let the price run above the level, let it retraces back to the level and let it hold the level as support) 2. For any sell trade, follow the mirror-N pattern (let the price fall below the level, let it pull back to the level and unable to pass through the level as resistance). +++++++++++++++++++++++++++++++++++++++++ Trade | Level | SL | T1 | T2 ----------------------------------------- BUY | > 41350 | 41250 | 41500 | 41650 ----------------------------------------- SELL | < 41200 | 41300 | 41000 | 40800 +++++++++++++++++++++++++++++++++++++++++
NSE:BANKNIFTYLong
by pradipandsuvra
Dr Reddy: Unable to sustain breakout above key level NSE:DRREDDY seems could not be able to pierce through the major resistance line around 4625 (the recent swing high). Note the volume. It's pretty significant and coincides with the Q2 result. So, things are interesting here. Chartically, the following traits are seen: A Head & Shoulder formation is seen with the neckline around 4200. There is a downtrend line coming down since last one year. The downtrend line & the H&S neckline is creating the symmetrical triangle (pennant) pattern. Now the most interesting part: 31/10/22 has it's Q2 earning date. And see the volume, huge surge. BUT The volume surge does not able to push the price above its recent swing high (Head of the H&S pattern) 4625. Rather it closes (CMP: 4433) closes near its long-term support line of 4420-4430 level. For it to go up, has to convincingly break past 4625 level. Tradewise, Resistance: 4625 Support: 4290 Next target: 4750/4900 The breakout above 4625 has to sustain good volume.
NSE:DRREDDY
by pradipandsuvra
Bank Nifty: Friday - 28/10/22Levels: Support: 41000, 40600, 40450, 39900 Resistance: 41400, The red uptrendline (whereever the price crosses) OI Data: Highest OI Call in Bank Nifty per OI data: 41300 Highest OI Put in Bank Nifty per IO data: 41000 Nearest Major Resistance in Bank Nifty per OI data: 41700 Nearest Major Support in Bank Nifty per IO data: 40900 Trade setup: 1. For any buy trade, follow the N pattern (let the price run above the level, let it retrace back to the level and let it hold the level as support) 2. For any sell trade, follow the mirror-N pattern (let the price fall below the level, let it pull back to the level and unable to pass through the level as resistance). +++++++++++++++++++++++++++++++++++++++++ Trade | Level | SL | T1 | T2 ----------------------------------------- BUY | > 41350 | 41250 | 41500 | 41650 ----------------------------------------- SELL | < 41200 | 41300 | 41000 | 40850 +++++++++++++++++++++++++++++++++++++++++
NSE:BANKNIFTYLong
by pradipandsuvra
Borosil: Nice bullish formationA very interesting chart formation. Let me explain: There is an outer rounding bottom at the outside (since Jan 2022), followed by rectangle a consolidation. Inside the outer rounding bottom there is another rounding bottom, followed by a rectangle consolidation. After the inner rounding bottom - just note the big green candle. Who knows the same will happen today or tomorrow also :) Concern : Low Volume Try above 450 with a SL of 425.
NSE:BOROLTDLong
by pradipandsuvra