As predicted Bull were trapped today and sentiment still remain bearish. As now We can put option are become costly so we can see some upper side momentum for eating PUTS premium but overall sentiment is Still bearish and selling pressure will be there. Trend deciding level 17700-17757 for upside and 17554 for more downfall. If Nifty break 17554 level we can see...
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Dated 06.04.2021, Good Morning Friends
Spot levels Nifty Cmp 14637
PCR -1.60, RSI -47.19, VIX-21.21
Resistance:-*14671*, 14720-35, 14765
Support: -14621, 14458*, 14358, 14295, 14195
Both indices are weak now , sell on rise market , huge OI build-up seen on higher levels,
can short Nifty if come 14721-56 stop loss 14845 for target 14621,14458 and 14358...
Price 9356 to 8637 is the range in this upcoming week.
Reasons:
1. price likely to create an equal ABCD pattern.
2. Rsi divergence on the daily time frame.
3. Price following through a bearish parallel channel.
4. Price 9356 Fib level 0.50 and 0.618% there's a huge supply zone, and then price eventually travels to Fib level 1.27 which is my favorite one. Also...
LEARN HOW TRAPING IS DONE BY INSTITUTIONS BY OPENING GAP UP AND DOWN WITH YESTERDAY PLANING TO TRADE.
1. IN THE FIRST POINT OF YESTERDAY PLANING SECTION , I SHARED THAT TILL PRICE DO NOT BREACH GREEN TRENDLINE BNF IS IN IMPULSE WAVE. SO IT OPENED GAP UP. SEE IN PINK CIRCLE COMPLETE MOVE IS TRAPING OF BULLS. WHY I AM SAYING THIS TRY TO UNDERSTAND THE LOGIC. IN MY...
HOW I TRADED IN BNF TODAY WITH YESTERDAY PLANING \
1. AS YESTERDAY I TOLD YOU DID NOT CARRY ANY POSITION IN EITHER SIDES . THE OPENING OF MARKET GIVES THIS ANSWER WHY? YOU ALL KNOW IN MORNING SGX NITY WAS ALMOST 65 PTS UP INSPITE OF THAT BNF OPENED 331PTS DOWN FROM PREVOIUS DAY HIGH .I WAS EXPECTING SUCH THING IN PRICE STRUCTURE THAT IS WHY DID NOT CARRY. TO...
HOW I TRADED WITH YESTERDAY PLAN SHARED ONE DAY ADVANCE.
1. AS I DISCLOSED YESTERDAY CARRIED LONGS. SO HOW MARKET REACTED TOADY ? INFACT IT OPENED WITH GAP ABOVE DOTTED GREEN LINE ALMOST 450 PTS UP. SINCE THE PRICE WAS UP FROM DOTTED GREEN LINE I WAITED TO SEE WHETHER THIS WOULD ACT AS SUPPORT OR NOT. FEW MINUTES LATER I FOUND PRICE BREACHED IT WITHOUT DELAY...
I SHARE MY TRADING PLAN PRIOR ONE DAY OF TRADING SESSION WITH HIGH PROBABLITIES OF MANIFESTATION IN SAME DIRECTION. TODAY ALSO TRIED TO SEE THE MOVE OF BANK NITY IN ADVANCE FOR COMING DAYS WITH NEAR SUPPORT AND RESISTANCE . GENERALLY I DO NOT SHARE THIS BECAUSE IT IS TOO SUBTLE TO UNDERSTAND . PEOPLE ARE MORE INTRESTED ONLY IN DIRECTION AND TARGET RATHER THEN TO...
