NIFTY50 in 15 mins chart.Looking at OI data, FII & DII data we can expect some up move in NIFTY. Dow Jones is trading at +350 points while posting this. Talking about lockdown news there is been some ease with the rules. Looking at overall sentiments we believe we can see some positive move up. Targets are set by Fibonacci levels. We have also drawn the red box which indicates the range we believe market will move if hedging position are held on expiry day. Trade at your own risk. Trade safe. Targets are marked in charts.
NIFTY-NSE
BANKNIFTY ON 15 MINS CHARTBanknifty had broken its major downtrend channel. It’s also sustain below 50% Fibonacci level on its major downtrend. US bond rises again and it affected the USA market while closing. Historical data sys, whenever this news has affected USA markets, there were selling seen the next day in Indian market. Bank nifty closed in rangebound market & any side breakout will result in good momentum. Plan your trade accordingly. Trade safe
BANKNIFTY ANALYSIS ON 15 MIN CHART.BNF has been trading in downward range market and it’s making LH LL pattern with price squeezing at the end if the range market.
We also observed that every time BNF was making LH LL pattern the retracement on minor trend was from 50%, both the times (marked in red circle) so we believe BNF might gap down and sustain above the Demand zone, give us a reversal , retrace from 50% again in minor trend and end the day in range.
If it breaks below the provided zone trade safe because that the area where we had really bullish movement because of BUDGET DAY WEEK.
DIVISLABTrendline and the specially designed volume action analysis suggest a BEARISH run on the DIVISLAB.
This is my this week analysis on DIVISLAB pivot point and resistance line are supporting the bearish view.
The background with light green color are indication for bulls taking the position and the Light red background suggest Bears are dominating in the region.
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There is a very high degree of risk involved in trading. Past results are not indicative of future returns. I assume no responsibilities for your trading and investment results. The indicators, strategies, columns, articles and all other features are for educational purposes only and should not be construed as investment advice.
Nifty showing resistance from its important trendline...As we have seen that nifty is taking resistance from its importance trendling on daily time framealso we have decreasing momentum on RSi showing that the buyers are dimnishing. 11400-11450 comes out be important resistance zone one must stay cautious here. Longs should be avoided here.. if any correction comes nifty can test its previous support levels of 11000-10800 zones...
Breakout with heavy Volume Should trigger to next big move A long consolidation with triangle pattern is seen in sbin trend line daily chart shows a breakdown , MACD is on bearish crossover , RSI Flat and above 40 ,
long if breakout happen over trend line with heavy volume . average volume seen increase in recent days in consolidation phase . long above 196-197 on closing basis for short period gains 1 week . long above 204 close base for 30 days or more for gains . accumulating opportunities if you are a long term investor. short if breakdowns below 186-185 .
long targets 208-210 236-240
short targets 175-166
Nifty Rising Wedge PatternA rising wedge pattern seen in the NIFTY chart clearly says that Nifty is trading at highest levels of the upper band and upside is limited till 10300. Firstly, Nifty will touch the lower band of the Rising wedge pattern & later can break also. Breaking lower side of Rising wedge can drag Nifty towards 10500 levels.
Nifty Breakout expected soon!1. Weekly demand and supply zones are identified with the black horizontal lines
2. only act on the breakout confirmation - till then you can trade intra-day strategies. I suggest you to use 60 min or a 30 min timeline!
3. Weekly gap at a previous support now acting as a resistance shown by the yellow zone and black dotted line respectively
Trade with caution as it is sqeezing!