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BANKNIFTY Intraday Levels | 8th Sep• Support & Resistance zones for 8th Sep . • Major resistance is visible at 40,000 and support is at 38,500. • Immediate support stands at 39,200 and if it is breached, the index can slip to 38,800-38,500 zone. The bias remains on the buy side as long as the support level is held. • Zones marked / drawn on chart can act as a Support & Resistance for price to stuck / to face hurdle. Remaining space can be straight way for Price to make moves. •••
NSE:BANKNIFTY
by PS_108
1
BankNifty-Twist & Turn-Will it die on Euphoria? Island ReversalDisclaimer: This is not an Investment Advice. Trading leveraged products carries a high degree of risk and you could lose more than your initial deposit. "Bull markets are born on pessimism, grown on skepticism, mature on optimism and die on euphoria. The time of maximum pessimism is the best time to buy, and the time of maximum optimism is the best time to sell." -John Templeton What Is an Island Reversal? An island reversal is a price pattern indicating grouping of days on either side by gaps in the price action. This price pattern occurs when two different gaps isolate a cluster of trading days. Pattern usually indicates reversal in trend - which can be short term or long term. Check the charts 7th Sep 2022 Gap down opening as shown in circle shape & 8th Sep 2022 - Possible Gap up opening in next trading session Check the Snapshot / Image - Island Reversal Pattern Try to relate with the current chart of BankNifty. Check yourself where are you in the chart & what could you expect if something similar has to repeat. Thanks for reading
NSE:BANKNIFTYEducation
by WaveTalks
9
US30 Trading Plan - 03/Jul/2022Hello Traders, Hope you all are doing good!! I expect US30 to go DOWN after finishing this correction. Look for your SELL setups. *This BUY is risky and I am biased only for short term upside, if you dont know how to manage your trade, dont take the risk now and wait for it to break the last low for HPB . Please follow me and like if you agree or this idea helps you out in your trading plan. Disclaimer: This is just an idea. Please do your own analysis before opening a position. Always use SL & proper risk management. Market can evolve anytime, hence, always do your analysis and learn trade management before following any idea
OANDA:US30USDShort
by For3xScalper
BANKNIFTY for upcoming week (4 April,22 to 8 April,22)Banknifty closed the previous week with a huge momentum candle on upside. With this momentum it is very likely that bnf will reach towards the couter-trendline Also bnf is in a broad channel like pattern. With breakout of this pattern will add more upside. support on downside are---- 35080 34181 Resistances on upside are---- 38187 39054 I will plan my trades according to these levels for upcoming week. Happy Trading :) Disc: Chart posted only for learning purpose.
NSE:BANKNIFTY1!
by architk
Swing Trading Opportunities for the week beginning 17-01-22SWING TRADING WATCHLIST FOR THE WEEK BEGINNING 17-01-22 INTENT I will only be sharing the time frame and the scrip name. I will leave the trade basis aside as the intent is to engage the reader in learning the basics of finding good scrips. You can have a look at the charts and place your favorite indicators and check out if any of these fit your trade plan. Some readers feel that I am simply listing down several scrips so that if they go up I can claim so. This is not the case - I am not here to score any points. I am sharing my weekly analysis and if you like it, read it and if you do not agree, I am fine with that. ON MY WATCHLIST FOR THE COMING WEEK Important - The indices have performed fairly well in this week and the weekly close is also at a good level. The results season has begun on a good note with both Infosys and TCS posting good numbers and closing the week at their respective All Time High. The market would now be driven more by the release of the quarterly results. It is better to trade/invest in results bound scrips only after the results and not in anticipation of a good outcome. The market seems to have for now discounted the Covid as well as Omicron related impacts and seems to be getting in to the pre-Budget rally mode. I have filtered the sectors based on Monthly candles. Here are the likely candidates for the week - SECTORS LOOKING GOOD FOR LONG POSITIONS- Considering the Monthly Charts, the following sectors look good: NIFTY SPOT at 18255 At this time, I have also chosen sectors with an additional filter of Fibonacci Retracement using the Covid swing low as the base. Auto Bank Nifty CPSE FMCG Media PSU Bank The first 4 sectors were present the last week as well and only the last 2 are the new additions. There are many sectors that are already strongly bullish and these have not been listed above. So if you find a sector bullish on the weekly charts, please check out the monthly as well to confirm its bullishness. Considering the Weekly Charts, the following sectors look good: Nifty Auto Nifty Bank Infra IT Media Metal MNC PSE PSU Bank Realty WEEKLY TIME FRAME- FOR LONG POSITIONS - Nifty Spot at 18255 Coal India Divis Labs Grasim SBI Life HCL Tech HDFC IOC JSW Steel NTPC ONGC SBI Life Tata Consumer Products PNB Indigo Tata Coffee West Life Angel One Avanti Feed IRCTC KSCL Nazara Walchandnagar This week, I have included some other scrips that are part of my watchlist as those seem to offer good risk-reward opportunities. However, not all of them have been screened so you may deep dive into the scrips that you may have on the radar and follow the process covered in this post to filter the candidates for investing/trading. I may / may not take these trades as not every opportunity should / can be traded. Here is the Video Link: youtu.be Thank you for your time and Happy Learning, Umesh 14-1-22 Not SEBI Regd. The post is purely for educational & informational purposes only.
NSE:NIFTYLong
by AVENUESOFINVESTMENT
AUS200 Trading Plan - 06/Jan/2022Hello Traders, Hope you all are doing good!! I expect AUS200 to go Down after finishing this correction. Look for your SELL setups. Please follow me and like if you agree or this idea helps you out in your trading plan. Disclaimer: This is just an idea. Please do your own analysis before opening a position. Always use SL & proper risk management. Market can evolve anytime, hence, always do your analysis and learn trade management before following any idea
AShort
by For3xScalper
Data Driven Analysis of Indices for the week & year ending 31-12DATA DRIVEN ANALYSIS OF NIFTY & BANK NIFTY FOR THE WEEK ENDING 31-12-21 This is a new weekly post/series where I will briefly capture the key highlights of the 2 leading indices. This post is supported by a video that takes you through the details of how I have arrived at the analysis. I encourage you to view the video as well since not everything can be captured in a document form. I hope that this effort would help the readers and viewers to get a crisp idea about what happened in the markets over a period of one week. Important - Nifty as well as Bank Nifty have ended the week on a positive note, however, this positivity comes with increased number of Covid cases in India and also overseas. I am in no way making an attempt to create panic, but I will still be cautious as the markets have sold-off in a big way for no obvious reason - for example on 20-12-21 when Nifty hit a low of 16410. In my view, a weekly close above 17625-50 is when things may seem to be stable. BANK NIFTY The comparison is done with 1-12 Numbers as the start of the month. EOD on 1-12-21 = 36364 EOD on 24-12-21 = 34857 up by -1507 points or -4.14% from 1-12-21 The highest level in the week ending 31-12-21 = 35597 on 31-12-21 The lowest level in the week ending 31-12-21 = 34233 on 27-12-21 Difference Highest - Lowest = 1364 points or 3.98% from the lowest level In the last week, Bank Nifty has made an upward move of 625 points or 1.79% which is refreshingly a good sign. Insight: Bank Nifty as on EOD 31-12-2020 - 31264 Bank Nifty as on EOD 31-12-2021 - 35481 Change - 4218 % 13.49 NIFTY The comparison is done with 1-12 Numbers as the start of the month. EOD on 1-12-21 = 17166 EOD on 31-12-21 = 17354 up by 188 points or 1.09% from 1-12-21 The highest level in the week ending 31-12-21 = 17400.80 on 31-12-21 The lowest level in the week ending 31-12-21 = 16833.20 on 27-12-21 Difference Highest - Lowest = 567 points or 3.37% from the lowest level In the last one week Nifty has made an up move of 350 points or 2.06% which indicates a good positive change in the short term trend. Insight: Nifty as on EOD 31-12-2020 - 13982 Nifty as on EOD 31-12-2021 - 17354 Change -3372 % 24.12 FII - DII DATA: DEC 2021 FIIs = -35,409 Crores DIIs = +30.675 Crores Net is = -4,734 Crores As mentioned last week, there was a slow down already in FII selling and it continued during the last week which brought about some relief to the downward biased market moves. Conclusion: On an annual basis, Nifty has clearly outperformed Bank Nifty which has been able to perform just above half the % gain than that of Nifty. This is indicating a very depressive picture of what happened in 2021. At the same time, I view this as an opportunity for Bank Nifty to outperform and become the recovery engine for the overall market. FIIs have turned net buyers for 2 days in the week and only once in the week their selling was more than 1,000 crores. We have to see how the next week goes. If FIIs keep buying even in the next week, then the market mood would change for the better with some sort of certainty. Insight: India Vix as on 31-12-20 21.09 India Vix as on 31-12-21 16.22 Change 04.87 % 23.09 The above is a significant drop over a period of one year and explains the logic behind the rise in the Indices. Only Nifty has a corresponding increase to the drop in India Vix as Bank Nifty has remained under pressure for most part of the year. Since this week’s analysis is also yearly analysis, I will share a separate post and a video that takes care of the Leaders & Laggards of Nifty as well as Bank Nifty. And that is why I have not compiled separate conclusions for the two indices. On a broader scale for the next few days, it is important for Nifty to end a week above 17650 and for Bank Nifty it is important to close a week above 36800-37000. This is when the indices are likely to shift to the next higher gear. Here is the video link: Please feel free to comment/share your feedback as, like you, I am also a learner of the markets! And therefore, I have the right to be wrong on either side as no one can predict the moves. Happy Trading/Investing! Umesh 31-12-21
NSE:NIFTY
by AVENUESOFINVESTMENT