Nifty is near the support zone and we may see some bounce from this zone. Would be looking for Buying opportunity near 18250 zone.
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
BankNifty opened flat at 39600 level and we saw a sell-off in the morning, BankNifty took support at 39300 in the morning and we saw good up-move from that zone.
Trades we took Today:
> Bought BankNifty 39500 CE at 250 which we booked with 20 points loss at 230.
> Bought BankNifty 39600 PE at 320 which we booked with 50 points loss at 270.
Overall, bad day for...
Nifty opened flat today near 18450 level and we saw a sell-off in the morning, Nifty took support near 18320 and rebound towards the 18450 zones again but couldn't sustain.
Trades we took Today:
> Bought Nifty 18350 CE at 120 which we booked at 105 with 15 points loss.
> Bought Nifty 18500 PE at 135 which we booked at 115 with 20 points loss.
Overall today was...
Today will be slightly gap up opening expected in banknifty. After opening if banknifty sustain above 39550 level then expected 400-500+ points upside rally. Downside possible if banknifty starts trading below 39450 level. For today's session 39050 will act as an important support.
NIFTY will open gap up today. After opening possible nifty will trade between 18250-18350 level. Important level for nifty for today's session is 18200 support level. In case nifty gives breakdown of this support then there will be 100-150+ points quick fall expected.
From my understanding of the charts, Hindustan Unilever has dropping below 50 days moving average and touching 100 days moving average with RSI well within oversold levels indicates the completion of a cycle of profit booking.
Historically, Hindustan Unilever has respected the 100 days moving average line as a firm support level and hasn't faltered more than 7%...
Trading suggestion:
". There is a possibility of temporary retracement to the suggested support line (39.50).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. DOTUSD is in an uptrend, and the continuation of the uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a...
Breakout retest done
Good Zone to Accumulate :- 1340-1360
Short term target :- 1550-1600
Long term target:- 2000
Short term stop:-1250
Long term stop :- 1100
Disclaimer :- Chart is only for educational purpose.
Bank Nifty Trade Plan for 21 OCT 2021
Very narrow CPR in Bank Nifty.
Lot of resistance on the upside for bank nifty , expecting to be a range bound setup today.
Any rejection around the Bullish Breakout zone we can expect BN to again test CPR.
CPR getting compromised on the lower side we can expect below Virgin CPR to provide strong support.
FLag Formation in TAMO
if Breakout Happen then 520/530/540
not far away
otherwise GAP will filled soon and
fresh position can be made at 430
enjoy the technical
Support mark on chart
trading plan-1
buy ce 1 lot @ 510
sell ce 2 lot@ 540
October expiry
mcpriceaction
Trading suggestion:
". There is a possibility of temporary retracement to the suggested support line (64.12).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. FILUSD is in a range bound, and the beginning of an uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic...
![BANKNIFTY: [INTRADAY] #BANKNIFTY PE & CE Levels(21/10/2021)](https://s3.tradingview.com/j/J6Dd4uKH_mid.png "[INTRADAY] #BANKNIFTY PE & CE Levels(21/10/2021)")
