NSE:BANKNIFTY
on can short till below PRZ levels (res horiz lines) as per their trade setup even m riding 24200PE from 430-40 almost 1000 high as of now still riding with trailing sl
#banknifty no sign of trend reversal, still in a very strong uptrend.
Decision Zone
Upside Targets 24,190 / 24,433 / 24,692
Downside Targets 23,555 / 23,446 / 23,100
I will be cautious with my long, will prefer low volume long now, and will only short if the price falls apart from the channel.
Always trade what you see, never trade what you feel. Make this...
SBI and even other PSU banks, may catch up with their pvt sector peers.
Buy SBI with a target of 204 and 211, keep 194 as stop loss.
Consider trading a bull spread, or some other risk defined strategy with an aim to capture benefit of upside.
Carry due delegence, this post is not intended to encourage any speculative trading.
#banknifty Last 70 trading hours have moved 3499 points.
FII:- Sell 39.39 Cr& DII 126.61 Cr buy today on 9th Oct'2020.
The India VIX (volatility index) Up by 11% this week.
Technically, all indicators, PA across all time frame is in plus, which is a sign of caution.
The last 2 days I have been posting short, didn't work never did the short got triggered as all...
Distribution Happens in 23,250 - 23,450 Zone and trader Careful Below 23,065.
Last 2 weeks, 3046 point movement from 20,404 to 23,450, too fast movement without consolidation.
I have got a sell signal on my trend indicator on 4-hour TF.
Decision Zone is 23,394 - 23,451, below this zone will short and above will buy.
Targets on lower size:- 23,063 / 22,607 /...
#banknifty OI down by 1.39% and price up by +0.49 %, which indicates a neutral setup.
Long positions are trapped in 22,750 -23,000 zone, any gap up will get sold off, and selling pressure will intensify below 22,700.
Bold Recommendation:- Short market at higher levels with SL of 23,388.
FII bought 1093.81 Cr & DII sold 1129 Cr, DII is selling for the last four...
#banknifty OI down by -11.44% and price up by +0.56 %, which indicates short-covering.
FII bought 236.71 Cr & DII sold 471.56 Cr, DII is selling for the last two days and FII buying intensity has reduced, which indicates capped upside.
FII & PRO:- Index Long
DII & Retail:- Index Short
Overall neutral.
Decision Zone 22,359- 22,506 below is bearish, and above is...
#banknifty OI down by +9.15% and price up by +2.16 %, which indicates long build-up.
Bold Recommendation:- Short market at higher levels with SL of 23,388.
FII bought 1101.76 Cr & DII sold 934.84 Cr, DII is selling for the last three days and FII buying intensity increased once again.
Data Analysis:- FII unwinded long position on the index and DII & PRO shorted...
The Index has given breakout and is currently retesting its trendline, as long as it stays above TL the movement is overall bullish and entry can be taken above day high.
These are my personal views, follow your own analysis.
#banknifty OI up by +2.90% and price up by 3.70 %, which indicates a neutral position.
FII bought 1632.25 Cr & DII bought 259.46 Cr, FII has turned into buyers after a long time.
FII has created fresh long position & covered up the short positions, DII has created fresh short, Retail & PRO have unwinded the long and created fresh shorts.
BN Range <22,015 -...
#banknifty OI up by +0.19% and price up by 16.77 %, which indicates short positions were added today.
FII sold 712.48 Cr & DII bought 409.47 Cr, FII selling pressure has reduced today.
10.00 AM Low was 21,128.50 and the high of 11.00 AM was 21,472.85,344 point rally is purely due to short covering.
Again last 1 hour data is weak, only short covering and long...
#banknifty OI up by +4.07% and price down by -1.17 %, which indicates short positions were added today.
FII sold 1,456.66 Cr & DII bought 576.50 Cr, FII selling pressure has intensified, which is not at looking good at all.
Don't read much into the rally into the last 30 mins, as 21,320 to 21,468 from 3:00 PM to 3:30 PM, it was pure short covering.
Decision...
