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Neutral

BANKNIFTY analysisBUY SIDE As recently Bank Nifty made a new high just above its previous high so now it is in the wedge pattern which is looking for the support and near by good support is of 40500. Thus we can go for long in Bank Nifty upto next high level or for a double top pattern..... SELL SIDE As BANK NIFTY rejects from its previous high and continously going toward its supports thus support level of 40500 once breaks can lead to long short position. A small short position can be made once that small trendline breaks thats its following to move upward upto the level of 40500 max and can follow above move. NEUTRAL Bank nifty can stay in the range of 500 points from 40500 to 41000.... also we can see some resistance building above 41000 to 41100 which is rejection level. Once nifty crosses that level then we can see a full-bullishness in the index.
NSE:BANKNIFTY
by SUTHARTRADE
2
Nifty: Chart set up, Technical Analysis view and strategy When Nifty was sub 16000 levels this is what was posted Hit the play button and see the magic of Technical Analysis. Now Nifty is near 200 day EMA current levels have also acted as Support in the past can the same zone act as resistance now? Will Nifty fly higher or would it stop? Only time will tell... We are not that bullish from here on . We have covered up our Nifty long position and have a initiated a trading strategy in morning to trade the new situation. Our strategy gives us protection of 550 points to be wrong and yet not be in loss till expiry. F&O trade is risky so trade with proper risk management in place. Take care & safe trading...!!! Life & Follow Disclaimer - The view expressed here is my personal view - Past performance is not a guarantee for future predictions - Use this for educational purpose - Any decision you take, you need to take responsibility for the same - It's your hard earned money. Treat it wisely - Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance - if trading in F&O, understand that F&O trading involves risk - Do take proper risk management measures - Do your own analysis and consult your financial adviser if need be
NSE:NIFTY
by indiamarketoutlook
USDINR View next expiry viewUSDINR has broken down and then took support with bullish divergence it has a good resistance of long term EMAs (200 EMA and 50 EMA) also now Looking at Bollinger bands also it seems they are squeezing... confirming the view of price going sideways range - between 76 and 75 Recommendation : I am going for monthly expiry short iron butterfly. As monthly future is trading at 75.93 (round to 76) My straddle will be of 76 (CE & PE) Sell and will hedge both up and down with 76.25 CE Buy and 75.75 PE Buy Risk / Reward for 100 lots : 2000 / 23000 Very good RR ratio Margin required : 2,07,000 approx... Plan your Trade ! Trade your Plan !
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by NeelamN
14
BankNifty might reach 20 EMA by increasing the priceAccording to a famous theory, the price usually comes to the 20 EMA, or the Moving Average comes to the price. For this week in BankNifty, it looks like it is reacting from a Daily Demand Zone to reach a 75 Minutes Supply Zone, where effectively lies the 20 EMA. So, the price might move up to 35800, but it is not that strong a conviction since the Demand Zone is tested once, and so, I am putting this idea for Neutral. If you are wondering why there are no gaps on my chart, they are due to a script I recently published. Check it out! Have a nice day!!!
NSE:BANKNIFTY
by Tejas_Agarwal