Banknifty Future Intraday price action & analysisBanknifty analysis:-
Banknifty Fut today may open at 41100 & may test 41000 & 40812. If banknifty hold 41000 level then it may bounce back towards 41200. If break 40800 in second half free fall is expected.
Rollover cost 18.61% & Maxpain of today's contract is 41200
How to execute this plan
Scenario 1:-I am expecting fall till 1:15 p.m @ 40812. After that Banknifty may take support here & it may bounceback towards 41000 & it may expire at 41100
Scenario 2:-Suppose if it opens at 40812, then Banknifty may take support here & small bounceback is possible till 1:15 p.m & after 1.15 p.m it may again dragged below 40812 with volume & may reach 40700, 40593
Intradaytrade
BANKNIFTY - 15 min TF Analysis for 22nd SeptThe above analysis is purely for educational purpose. Traders must do their own study & follow risk management before entering into any trade
Checkout my other ideas to understand how one can earn from stock markets with simple trade setups. Feel Free to comment below this or connect with me for any query or suggestion regarding this stock or Price Action Analysis.
NIFTY 50 - 15 min TF analysis for 22nd SeptThe above analysis is purely for educational purpose. Traders must do their own study & follow risk management before entering into any trade
Checkout my other ideas to understand how one can earn from stock markets with simple trade setups. Feel Free to comment below this or connect with me for any query or suggestion regarding this stock or Price Action Analysis.
Banknifty Future Intraday view 19-09-2022All support and Resistance are drawn on the chart. Today my prediction is that Banknifty Future may touch the shaded region which I have drawn on the chart. If banknifty future rejects from the shaded region we can buy put with the SL of upper line of the shaded region. You can buy atm or slight ITM put along with selling of 500 points far OTM if you get the above mentioned scenario. Above shaded region, it'll turn bullish.
WIPRO 19SEP2022Wipro from past days taking the support of level 400 and jumps back to make a bull run but from the past days it makes the DESCENDING TRIANGLE PATTERN which is a bearish
pattern
SELL
SELLING below the level of 400 can lead it up to 380--350 level on the lower side.
BUY
Buying is gonna be risky from this point but taking support of level 400 can push it to the rejection trendline.
ROUTE MOBILE 19 SEP 2022As the INDIAN IT showed some bearishness in the last two trading days so as per that and as per BRITISH inflation data most of the IT sector also we can see through the US data countries are starting to go into a recession. Thus IT sector is crashing so this share which is having most of the business in EUROPEAN countries also it is showing exhaustion after hitting the 1500 level so we can short it with simple price action and trading analysis for the 19 SEP 2022 intraday.
SELL levels are 1400 or before to reach the level of 1400 and then continue the move further.
BUY side is not recommending that much as its already on the sell-side and ran from the opening price up to 2100 which is 6 times of it so exhaustion in it is already seen and past trading days it's consolidating between the 1400 and 1500 even though it tries, to crack the 1500 but could not sustain that and now it is coming back its last support.
HINDALCO FOR 19 SEPTEMBER 2022As in the chart, we can see that HINDALCO successfully achieved its previous breakout zone but started consolidating at the level of 412 - 450. It created a box pattern. based on these levels we are expecting a gap-down opening which can lead it to up to the level of 400.
expected price opening to be around 412 to 410
THE FIRST TARGET ON SELL SIDE is FRIDAY'S low which is 405.
For the BUY Side, it must have taken the support of 412 which makes it hold that level and continue to be in the consolidation zone.
further buying is possible only when it breaks the level of 450.
NOTE- If open flat and try to trade in less quantity as it can respect the support level.
selling side can be possible only trying to go below 412 or 410.
level 405 (previous low) is a 50 DMA line on that level so it can go for a u-turn from that point if that break we can hold for the lower point.
Silver price change #silver trading for Intraday on Silver as per price action as silver consolidated near 57000 to 56600 on thurday level. So these levels will act as the support and resistance again and here its forming the consolidation pattern.
another major trendline coming up from the high of 13 septemberso for the buyer once that trendline breaks will give the breakout. and downside breakout is possible when the level of 56600 got breakout....
NIFTYKeep an eye on triangle marked with yellow lines for either side breakout or breakdown.
Balid for intraday only for 7th sept 2022.
Condition is market must open flat then only we can get good trade in this.
RR will be favourable.
Price ranges are mentioned for Target. 150 pts minimum we can get. Thank you
Happy Trading 😇