kotak mahindra bank swing trade idea follow for more banknifty
just for educational purpose
Reason Type 2 Uptrend Pattern,
RSI Divergence Confirmation
Educational Only
note a buy sell advice i am also a Lerner as only 5 years experience in this field
could be a flat opening for tomorrow as nifty is still looking slightly bearish, but global cues are positive. if flat opening 18140 could be a resistance and above that could go up to 18240. if gap down opening 18000 -18010 could be a support level. could go for CE above 18140 in small qty and increase of qty above 18240-265 if sustained on 15 min time frame....
The rise from the Mar'20 bottom was an impulsive move which should be considered as the Primary Degree Wave-1 concluded near the zone of 18600 in Oct'21. From that top Nifty50 fell down in a corrective way and made a low of 15183 in Jun'22. This fall was not even reached to Fibonacci 38.2% retracement level positioned at 14400 zone where the previous fourth of 1...
Support Zones For nifty Intraday Trading
First Support Zone For nifty50 – 18534 - 18548
Second Support Zone For nifty50 – 18444 - 18455
Third Support Zone For nifty50 – 18380 - 18385
Resistance Zones For Nifty50 Intraday Trading
First Resistance Zone For Nifty – 18615 - 18608
Second Resistance Zone For Nifty – 18680 -18670
Third Resistance Zone For Nifty – 18730...
NSE:NIFTY is at important make or break level, can plan for btst put if head and shoulder is confirmed, can buy month expiry 18000 put at 18148/18175 (left shoulder high range) after head is created.
#NIFTY 50
Nifty : Facing stiff resistance at 17800, If nifty fails to cross and hold above 17800 we can make bearish sentiment.
Fed meeting in Nov 2. Market will react after the meeting, untill then market will move in sideways. Happy trading
#Watchlist
#MCDOWELL_N (W):-CMP 878 looking good for 1000/1020++, Only above 885/890 Weekly Closing.
#Disclaimer:-View shared is for educational purposes only.
#StockToWatch
A clear upside trend formation, with consolidation near resistance!! AND Nifty not breaking below 17400 is a clear sign that 17800 is coming thick and fast!! I would go long..placing my sl below 17400
Nifty today started from my zone 16510-16494 and ended at the same zone.
Power of Zones and Levels
Tomottow i am expecting a corrective move, but global markets are positive by now, lets see how it plays out.
Even if its a profit booking corrective move tomorrow, uptrend has not yet completed, kindly note it..
The following chart you see is a predicted movement of NIFTY 50.
The current nifty daily chart is showing some type of movement it showed previously but for a very short period
But this is forming on a long period.
I have predicted the following movement by backtesting.
*I Am not A financial Advisor
I will not be responsible for your loses if you incur losses...
Nifty can consolidate/sideways on Monday unless we see short time optimism in this bearish market. 30-50 points can be scalped within the trend channels. A short upmove can be seen above 15450 to 15650. Heavy selling may come below 15200 levels.
Time frame (mins): 1/2/5
Minimum TP: 10 Points
Once the profit is booked you can stop trading for the day. Remember...
