refer chart. read in 5 min chart for better price action
Explained in details why Nifty can be heading towards 14800-15000 level if breaks below Friday low (15450) and BankNifty to 32500 level. Watch the video for more details.
sell banknifty cmp 34700 spot sl above 34750 spot tgt 34640---34600 @Banknifty @index @niftybank @short Risky call
buy @niftybank cmp 34320 spot sl below 34280 spot tgt 34380----3420 spot @Banknifty @index
Nifty50 Looking for Short Opportunity The only reason for the short side is that global markets are now weak. Also, Keep It Mind that If stock market gurus were true experts, they would buy stock not selling advice. So don't take anyone's word for it; this is just my opinion; do your own analysis.
Magic Lines: All supports are not for buy level. As like all resistance are not for sell levels After long research and back testing we find which S&R is for sell level & which S&R is buy level. In that result we give the pure intraday levels in charts. BLUE LINE ARE BUY LEVELS (Target lines) ORANGE LINES ARE SELL LEVELS(Target lines) Additionally we added...
Current range for Bank nifty looks to be 34100 - 35450. Below or above these levels, can enter trade based upon the chart.
NSE:TATACONSUM Tata consumer stock is at bearish harmonic PRZ. In simple language the stock is at resistant. as per this harmonic pattern stop loss is quite big as mentioned on chart. CMP= 739.80 Reversal Zone = 741.80 to 772 ( if one can find reversal in this zone they can short this stock as per their trade setup.) Stop loss = 772 Closing Basis ( if you...
Almost all the markets going in red will be a major factor on Monday. Market has been moving up but the momentum was dying since last few days. Here is a comparison chart with Nasdaq. It is amazing to look how the indices made similar moves around similar times. In short, 10% correction is quite possible in near short term. This view goes along with other stock...
view= Banknifty (nifty bank) is looking short for short term. short can be below 34220 with the sl of 34700 for the target of 33350-32700-32250. bwloe 32000 target can be 30300-30100. 1. As we can see trendline breakdown nifty bank and also look like a double bottom breakdown. 2. we can see the bearish pinbar at the top of resistance of 35200. 3. we can see 90%...
Bank Nifty at crucial point. Tomorrow or on Monday may decide further direction
34350-34450 is an important zone, has supported the index multiple times in past few days. Today's close has been lowest since May 21. Incase 34300 breaks and BNifty remains lower, 33980 - 33770 - 33550 can be expected.
Nifty and BankNifty are in wave 5 of (3). Wave i of 5 was completed. Use wave ii correction to go long. Projected level: 16050-100 and 36000-36100. BankNifty
RSI closed below an important support line that was supporting it since May IInd Week, though the index managed to find support today. Many a times RSI provides a early warning. RSI below 62 will be a confirmation of weakness and by then index will also come below the support line. 15601 remains an important support. Bias Neutral to weak.
1. BankNifty closed below an important support line on index as well as RSI. 2. This support line was supporting BNifty since April 2nd week. 3. BNifty must exceed and sustain above 35430 tomorrow, for any major up move. 4. Similarly 21 period RSI need to cross 56 and sustain above that. 5 34500 and 34330 are major supports on downside. Trade on short side...
1. If We observe Bank Nifty was in a range about 6 days (Since 9th June 21), Today also price got rejected from higherlevel(35380) channel Resistance. 2. As we can see very good moves are happening whenever price touches the Channel RES/SUP in chart. 3. We Can plan Tomorrow Market in two Scenarios. a) Taking Todays low i.e., 34900 as Support market may rise...