Nifty closed at 18500 sustaining above 18500 can lead to 18700 and ATM too but as per RSI a king setup market looks poised and strength in buying is week now chances of fakeout are more i will keep eye on 18420 level below this a nice slip can be planned by a good trader new traders stay away
: entry & exit is very important : try to manage money management : know your stop loss : find the chart pattern / analysis the chart before you enter
Profit booking can be seen on upper levels of the market. Since budget is near keeping small targets and trading only at proper levels will be my suggestion. All the levels are mentioned on the chart. Disclaimer: All the levels are for educational purpose.
Resistance 1635-50 Support - 1540-50 Target - 1800-1820 Avoid below 1500.
Where nifty has been seeing making new ATH almost every other day, bank nifty is struggling to keep up with the same pace. Technicals analysis, just tells us the probability of happening of a situation. And now sighting of a strong bearish pattern hence trade with caution for the coming week!
ABOVE 30800 IT IS VERY BULLISH
BANK Nifty Past 10 Years Historical Data Back test *Bank Nifty have made 5 Red and 5 Green Candles. * Showing no Correlation with pervious month * Mostly Every DECEMBER month Have formation of doji candlestick. * possibly if November close above then new high will be seen in December. / else will be in range between 27700 to 29700
ghstocktrading.webnode.com BANK NIFTY: WEEK-TECH-SHEET->09thNovember2020 to 13thNovember2020 Bank nifty moves around +1961.95 pips from 09thNovember2020 to 13thNovember2020, in which bank nifty break last week 02ndNovember2020 to 06thNovember2020 top 26853.45.
ghstocktrading.webnode.com BANK NIFTY: WEEK-TECH-SHEET->19thOctober2020 to 23rdOctober2020 Bank nifty moves around +1068.75 pips from 19thOctober2020 to 23rdOctober2020, in which bank nifty break last week 12thOctober2020 to 16thOctober2020 top 24190.35.
ghstocktrading.webnode.com BANK NIFTY: WEEK-TECH-SHEET->28thSeptember2020 to 02ndOctober2020 Bank nifty moves around +1238.65 pips from 28thSeptember2020 to 02ndOctober2020, in which bank nifty break last week 21stSeptember2020 to 25thSeptember2020 top 22098.85.
ghstocktrading.webnode.com BANK NIFTY: WEEK-TECH-SHEET->21stSeptember2020 to 25thSeptember2020 Bank nifty moves around -1693.95 pips from 21stSeptember2020 to 25thSeptember2020, in which bank nifty break last week 14thSeptember2020 to 18thSeptember2020 bottom 21784.90.
Note: This is for educational purpose only. There is a hammer at support in hourly chart of Bank Nifty. RSI is at 25 which shows oversold. Expecting a bounce back.
ghstocktrading.webnode.com BANK NIFTY: WEEK-TECH-SHEET->14thSeptember2020 to 18thSeptember2020 Bank nifty moves around -972.40 pips from 14thSeptember2020 to 18thSeptember2020, in which bank nifty break last week 07thSeptember2020 to 11thSeptember2020 bottom 22080.40.
Chart structure looking weak , expecting sharp fall below red line green line will be the next target ! . DISCLAIMER { Educational Purpose } All investments involve risk. Please Do your analysis before initiating any trade GOOD LUCK !
SBIN IF FOLLOWING THE TREND OF NIFTYBANK AS WELL AS HDFC BANK SBIN MAKING STRENGTH FOR UPSIDE GOING BULLISH ABOVE 160 UPSIDE -- 172-180-185 SUSTAINING LEVELS @154-158 STOP BELOW 154 OBSERVATIONS FOR 7-10 TRADING DAYS
BANK NIFTY moving in channel, good short opportunity for those considering monthly options. For Intra Keep an Eye on IV and take actions.