Nifty will gap-up or show a strong upside rally if it wants to go down side then it should take a deeper pullback so be aware of that and then it may come down and show us some correction.
Nothing more for today. Just simple analysis if it happens i will trade otherwise I can avoid if market performs against my analysis.
Use small sl according to your risk...
Tomorrow if Nifty takes support at 18000 - 17970, then we can see a rally towards 18150 or may break 18150 as it has been waiting to break it.
#intradaytrading #banknifty #nifty #OptionsTrading #optionselling #optionbuying #nifty50 #Nifty
As we discussed in previous idea , if nifty break 18000 level we may see more selling to 17900-800 levels , as it did in friday trading session.
Now , you can see simple Resistance and Support area in the chart , we may expect this week in this zone , so try to buy at support level and sell at resistance level
let price make a reversal pattern at the support...
Banknifty has completed the cup & handle pattern in weekly time frame.
Generally when this pattern is completed its a bullish sign.
Analysis for 14/11/2022 will be posted by evening.
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Nifty will be gap down opening in today's session. After opening nifty sustain above 17070 level and then possible upside rally upto 17150+ in today's session. in case nifty trade below 17040 level then short target can go up to 16960 level.
Nifty will be gap up opening in today's session. Expected opening above 17050 level and 17050 to 17100 level is the consolidation range and if nifty break 17100 level this level then possible upside rally upto 17200+ in today's session. in case nifty trade below 17050 level then short target can go up to 16950 - level.
Today we are going to discuss Auto Index.
I have given an littile complicate forecast but it was needed to give you an complete picture because you may be having Maruti already in your portfolio.
1) See Maruti is likely to complete its L3 in that price range that mean L5 wont be long. Simply price wise there is not much space for upper side.
Nifty will be flat opening in today's session. Expected opening above 17550 level and 17500 to 17590 level is the consolidation range and if nifty break 17590 level this level then possible upside rally upto 17730+ in today's session. in case nifty trade below 17500 level then short target can go up to 17350 - level.
Today's will be gap down opening in Nifty . After opening if nifty sustain below 17450 level then possible downside rally 100-200 points. in case nifty trade above 17550 level it can go upto 17720 level.
If you observe the market on 1h Time it's is in good range and if it gives breakout to that level, we can expect a good momentum either side.
And also you can take entry based on 5 minutes TF for intraday.
Before taking trade make a view, that will help in the trading.
According to me we are in a negative phase of Nifty.
The gap between 17457.40 and 17414.70 - almost 43 points is not yet filled.
If the gap remains unfilled, it tells the earlier structure was dominant, in this case the down moves (bear Phase).
As of today, we can expect a gap down open, and then the small upmove, probably towards 17350-17375 approx.
As per my...
Bandhan bank was following a channel pattern in weekly time frame in daily time frame a hammer is formed where we shortlisted this scrip for long the but the hammer was so big that we waited for a small SL and we got that on 30th dec where you can see a wick exactly on our channel.
Potential Opportunity as Swing Trade in NSE:BAJAJHIND
Risk : Reward - 1:2
Entry - 15.30
Stop Loss - 14.10
Target - 17.70
This is for Educational Purpose only, apply your prudence & consult your adviser before any investing.
HAPPY TRADING...... :)
#nse #swingtrade #nifty #bajajhindustansugar #nifty50 # #inverseheadandshoulder #trendline #headandshoulder...