Finnifty is trading below budget day low and is going to face resistance around it, however on 45 min tf the structure which is currently developing is suggesting that it may be forming a reversal pattern and anticipation is that inverted H&S pattern is under development. As long as recent swing low is protected it can take support at the trendline which is coming...
Nifty seems to be bullish if it breaks the above trend line and sustain for few hours or a day at least
Zones Above - 18123-136, 18161-183, 18238-250
Zones Below - 18078-063, 18032-016, 17955-926
As we discussed in previous idea , if nifty break 18000 level we may see more selling to 17900-800 levels , as it did in friday trading session.
Now , you can see simple Resistance and Support area in the chart , we may expect this week in this zone , so try to buy at support level and sell at resistance level
let price make a reversal pattern at the support...
If banknifty fut face resistance at 39350 then one can take short banknifty. Target-39275,39160, 39130. This zone is very good support zone. If 39130 is break in the downside then free fall is expected till 38850. Banknifty should not break 38200. Banknifty is trading in very narrow range. but Pralay is coming. It should made new all time high..
Banknifty may open near 39450-500. If banknifty directly touch 39771 then avoid buying in between these. If it retraced back towards shadded zone then one can take entry. As banknifty is bullish so we can take buy trade at proper area.
Banknifty Future buy above 39352, Target 39440,39541, 39771. 39772 is a danger zone. Banknifty can reverse from here. so we have...
Support Zones For Nifty
First Support Zone For Nifty - 17046 - 17056 ( Minor Support )
Second Support Zone For Nifty - 16940 - 16955 ( Major Support -1 )
Third Support Zone For Nifty - 16742 - 16758 ( Major Support -2 )
...
Apollo Hospital Breakout and Retest in weekly chart.. Buy Apollo Hospital At the Money Ce buy on dips upto 4120.. Target will be double in a 2 or 3 weeks for option CE. Expect upmove 10% for a script.. Nifty Gapdown expected on Monday.. Buy on dips recommended for Apollo Hospital
BankNifty Weak bellow 35920.
SL - 36020
Target - 100-150 points
35800 PE looking good.
Note : Trade only when the trade signals. Don't be a hunt of FOMO.
Look at the 5 min TF to get better picture.
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BankNifty buy above 35060.
Target - 100-150 points
35100 CE looking good.
Note : Trade only when the trade signals. Don't be a hunt of FOMO.
Look at the 5 min TF to get better picture.
For more updates -
Follow me on Tradingview
Hit the like button, this really motivates me to do more.
BHARAT ELECTRONICS
Stock good support at around 190 levels & also stock up by 6.01% v/s NIFTY 50 down by -7.85% in last 1 month
With recent global news like sanctions on Russia and China has increased defense budget and India must follow all these must suit BEL, should raise on more orders.
Save bet to enter if it breaks the trend line just above 215/220 levels...
December Expiry for Bank Nifty might be trendy as it consolidating within nearly 3% range since last 9 days.. Option Buying might give a Jackpot trade tomorrow.
- Nifty went for Side ways for whole trading hours apart from last one hour.. There is no trend today in last one hour it went down.. still i feel that it is very narrow range.. So more chances of SL hit.. on both side..
- As per my yesterday Analysis it went up from 320 till highest 342.. but it reversed from there and on lower side from 18220 till 18180.....
