Understanding TICK volume is very important and most of the professional traders use this information and build custom tools to trade Nifty and BankNifty. They spend a huge amount of money and time to build systems that are good at understanding the behaviour of other traders.
Reading the general public and traders interest is very important to be successful in...
In first 10 minutes Nifty made a low and in first 35 minutes, Nifty made a high. Then for next 4 ½ hours it did NOT break those high and low levels. That told us 2 things – 1. If nifty was expected to go down after yesterday’s sharp upmove during last few minutes, it was not going to be, and 2. Since it was expiry day, second half move will definitely take place,...
As discussed , Bank Nifty hit our resistance and stayed there for quite some time , once the resistance broke after 12 pm , it was a breakaway rally as expected.
Decision range for the day
31536-31623
Support for the day
31439
Resistance for the day
31801
Expectation
Range bound with mild dip in last hour
My trade
I'll look to short calls near resistance...
Zones are thin which is a good thing, but then Uzone and Lzone are very close. Tomorrow's Nifty trading on zones is recommended only for skilled ones.... rest go for Banknifty zones instead.
Dont be a Bull, Dont be a Bear...Just try to be a Hare.
The stock is taking its time out at the 60 levels on RSI. After a unstoppable rally from August it has moved sideways and have consolidated. As of now he prices are resting on KS/TS support line, if a breakout is not registered within a session or two then some serious momentum loss may be grip up thereby pushing the stock into some sharp corrections.
In last update, I have updated everything about nifty which was clear. Actual support also mentioned 11854(made low 11844). Still nothing is much change in this update.
Support 11854 is strong and reference of Cycle(ii) 11934-11955 non stop move. Breaking and closing below 11812 previous investor's supoprt will push nifty down but chance is very low till.
Everything is clear on spot nifty. Resistance 12021 and 11955.
Support and targets 11889 and 11854.
You have to create your action plan if you are ready to trade,…
Buying or Selling during PANIC situations - Whats the plan.
Most of the traders are afraid of the Selling or Buying during panic times and having a plan with proper stop-loss is very good.
The answer is previous Sessions Point of Controls - So as a trader we always love to buy or sell at a discounted zone and fining the discounted zone is very important.
The...
As discussed Bank Nifty made a high 31337 which was 2 points from our resistance level. It made a low around our support zone , although last hour volatility pushed bank nifty further to 30996 where it could not stay for 30 min and we saw a sharp reversal towards close. Overall , good day for those who just watch price action to make trading decisions. Hopefully...
A sharp run up in indices after 2.40 pm propped Nifty by almost 90 points and closed above 11900 level. At around 2.35 pm when Nifty was at low of 11832, Banknifty was at around 31000. So both were at their crucial supports and hence, I think, buying emerged in indices. Please check my video posted on youtube under channel name Market Movers India for slightly...
The stock was into dominant trend up, last few months the stock hasn’t displayed any zeal to move up. Now at a high intensity resistance level, the price consolidated and formed a negative candle pattern. The RSI is into neutral zones creating bearish signs. Macd is into bearish zone. The stock is expected to correct to 1620-1540 levels where it may find support....
As discussed yesterday , bank nifty made a low near our support zone but it was very late in the day so I doubt if anyone would have made any money out of it. Bank Nifty tried to break our decider level twice but could not close 15 min above it. Overall a very dull day where bank nifty stayed in a range of 50-100 pts all day.
Decision range
31198-31272
Support...
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