Nifty has formed a hanging man candle and is just 40 points down. The nifty crossed previous day high and retested the support of 15690. Though market has tested its 15 minute 20 ema but couldn’t sustain above it at day closing and closed below it. The market may remain bearish or consolidate in a narrow range. Support:- 15690, 15625 Resistance:- 15850,...
Nifty will open gap down in today's session. After opening if it's starts trading below 15670 level then expected further downside upto 15580 level. Any strong upside rally only expected above 15820 level.
NSE:BANKNIFTY Trade Setup for 14-06-2022 1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action. 2) Everything is mentioned on the chart. I hope it is easy to understand. 3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level. 4) Avoid gap up...
Understanding trends through support and resistances.
Nifty was in a bearish mode and the initial gap down of 300 point made it clear. The market on day to day close is down by 400+ point. It has taken support from its 15720 support. The market has gained some points in the last trading hour. Though market has closed near its 15 minute 20 ema. The market may remain bearish or consolidate in a narrow...
NSE:BANKNIFTY1! 📊 Each levels Act as support and resistance 📈📉. One can trade on 3min, 5min and 15 min as per their trade set up. For reference, one can check our old published ideas. If any candle taking support from any level then try to identify that is that reversal candle at support or what if that is reversal candle then go long above that reversal candle...
BANKNIFTY Intraday Trade Setup For 14 Jun 2022 Buy-Above 33775 Sl-33700 T-34050 34250 Sell-Below 33200 Sl-33300 T-33000 32800 BANKNIFTY opened with a huge gap down today, the 10 o'clock range broke downside and gave a small downside move then whole day it consolidated between 33400 and 33200. Coming to tomorrow's trade setup, if index opens flat and a 15 Min...
Understanding trends through supports and resistances.
Nifty on weekly time frame has respected its 0.382 fib levels and retraced. On daily time frame, it has closed below its moving averages and properly took resistance from its 200 ema. There is a moving averages bearish crossover on hourly time frame and even the daily time frame evening star pattern shows some bearishness. Support :- 16000, 15920 Resistance :-...
NSE:BANKNIFTY 📊 Each levels Act as support and resistance 📈📉. One can trade on 3min, 5min and 15 min as per their trade set up. For reference, one can check our old published ideas. If any candle taking support from any level then try to identify that is that reversal candle at support or what if that is reversal candle then go long above that reversal candle...
BANKNIFTY Intraday Trade Setup For 13 Jun 2022 Buy-Above 34550 Sl-34400 T-34700 34800 Sell-Below 34345 Sl-34450 T-34200 34100 BANKNIFTY closed in a complete bearish sentiment last week due FOMC meeting. We are likely to open with a huge gap down on Monday. Immediate support will be near 34000. Weekly support lies near 33000. No buying till daily candle closes...
NSE:BANKNIFTY1! 📊 Each levels Act as support and resistance 📈📉. One can trade on 3min, 5min and 15 min as per their trade set up. For reference, one can check our old published ideas. If any candle taking support from any level then try to identify that is that reversal candle at support or what if that is reversal candle then go long above that reversal candle...
Understanding trends through support and resistances.
BANKNIFTY Intraday Trade Setup For 10 Jun 2022 Buy- Above 35150 Sl-35000 T-35300 35400 Sell-Below 34765 Sl-34850 T- 34660 34500 BANKNIFTY has closed in a positive note toady. It opened and triggered our sell level 34830, hit our 1st target 34700. Then 10 O'clock range broke upside above 34830 and gave a good short covering move till 35149. Coming to...
Today nifty will open gap down. Expected opening near 16220 level. After opening in case nifty starts trading below 16180 level then possible strong downside upto 16000 level. Any upside rally only expected if nifty sustain above 16220 level.
BANKNIFTY Intraday Trade Setup For 9 Jun 2022 Sell_1-From 35200-50 Sl-35350 T-35000 34850 Sell_2- Below 34830 Sl-34950 T-34700 34500 BANKNIFTY has closed almost flat today. It was V shape market today, showed all kinds of violent moves in intraday, triggered by the RBI event today. Already updated in the morning to avoid taking any trades as per pre analysis....
Understanding trends through support and resistances.