Banknifty - 7 day range breakoutSo finally bank nifty has come out from a tight range, and today it has been a sideways market.
So our analysis will be simple, tomorrow will be a trending market.
if it opens below the 41800 level i.e previous day's high(PDH) we will wait for the breakout and our target will be the 42000 level.
On the other hand, if it opens gap up, the first scenario will be it can take support from PDH and the second will continue towards the 42000 level.
Note - I'm not sebi registered, this is only for educational purposes. Do your own analysis first.
Intraday
intradayif price is taking rejection from 780 level and making bearish view then you can short it.
if price is giving breakout with bullish candle then you can buy it .
both side potential
avoid first 15min breakout
wait for 15 min candle closing
targets are marked
if the breakout comes after 10:00 am then the probability of winning will be more.
follow risk management
do your own analysis
do workout
do meditation
start reading books
intraday / RSI Bullish Divergenceboth side potential
avoid first 15min breakout
wait for 15 min candle closing
targets are marked
if the breakout comes after 10:00 am then the probability of winning will be more.
follow risk management
do your own analysis
do workout
do meditation
start reading books
Nifty is bullishAs we know, the price does not move up or down like a rocket, it has to take a pullback or a pause.
So after a trending day most probably the market stays sideways.
As you can see today's market was in a trend and most probably tomorrow it will be a sideways market, and our analysis will be simple
if nifty opens above the previous day's high(PDH) market can get resistance from the 17970 level and will be in a range the whole day.
Note - I'm not sebi registered, this is only for educational purposes. Do your own analysis first.
Banknifty - finally price moves.Finally, bank nifty closes away from its 6-day closing price. So now what will be our analysis for tomorrow?
Today after falling in 1st half, bank nifty was in a tight range in 2nd half. If the bank breaks the 41400 level we can target the previous day's high(PDH) i.e. 41660 level, and if the breaks the previous day's low(PDL) 41170 level, our target will be 41000 level as it is a psychological level.
On the other hand, if it opens, above the 41400 level, PDH will act as resistance, and below the 41170 level, the market will most probably sideways.
Note - I'm not sebi registered, this is only for educational purposes. Do your own analysis first.
Nifty down - India vix high So from last week india vix was below 13, which means option prices were not moving due to the low of india vix.
So today nifty fall and after falling it was in a tight range of 70 points between 17800 and 17720 levels. We can expect a trending move as well as a range-bound market.
So if it opens in a 70 points range and breaks the 17800 level we can expect the previous day's high (PDH) target i.e. 17880 level and if breaks the level of 17720, our target will be 17655 level.
On the other hand, if nifty open below the previous day's low(PDL) or gap down most probably the market will be sideways and if it opens above the 17800 level , 17880(PDH) will act as resistance.
Note - I'm not sebi registered, this is only for educational purposes. Do your own analysis first.
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BANKNIFTY LEVELS 13/02/2023BANKNIFTY LEVELS WITH LOGIC :
1) If banknifty opens below on recent low with 15 min candle we can expect downside movement upto 41300 level.
2) If price opens on a flat note and forms bullish candle we can expect upside movement upto 41790 level.
3) Maintain proper SL. Try to buy ITM options to avoid time decay.
BANKNIFTY LEVELS 10/02/2023BANKNIFTY LEVELS WITH LOGIC :
1) If price forms 5 mins bullish candle above 41590 level we can hold buy position till 41792 level.
2) if price retraces near 41590 level we can expect downside movement upto 41255.
3) Range boundness can be seen in between this levels 41255 - 41590.
RSI bearish Divergence / intradaybearish RSI Divergence
Both side potential
avoid first 15min breakout
wait for 15 min candle closing
targets are marked
if the breakout comes after 10:00 am then the probability of winning will be more.
follow risk management
do your own analysis
do workout
do meditation
start reading books
intradayconsolidating in small range. wait for box breakout. both side potential
avoid first 15min breakout
wait for 15 min candle closing
targets are marked
if the breakout comes after 10:00 am then the probability of winning will be more.
follow risk management
do your own analysis
do workout
do meditation
start reading books
intradayBoth side potential
take trade on box breakout
avoid first 15min breakout
wait for 15 min candle closing
targets are marked
if the breakout comes after 10:00 am then the probability of winning will be more.
follow risk management
do your own analysis
do workout
do meditation
start reading books
NIFTY - 15 min.As we saw yesterday, there was a symmetrical triangle in 5 min time frame. Today in the opening, the triangle breaks on the upside and we achieved the 1st target of 17870.
So for tomorrow our analysis we will go bullish if it breaks the level of 17900 i.e previous day's high (PDH) we can achieve the second target which will be the 17970 level.
On the other hand, we saw today's market was in range and breaks a trendline. If the level of 17850 breaks we will take an entry for the downside, in that case, our targets will be 17800 and 17760 respectively.