Banknifty analysis and trade strategy for 9/12/2021 on the basis of OI data and Charts, A Channel breakdown may possible if not sustain at upper levels.
Nifty was in a down trend channel, on lower highs and lower lows , today at 17090, NIfty broken down the channel, Tomorrow, if NIfty sustain below 16900, Short Nifty, Tgt 1 - 16700, Tgt 2 - 16351 SL - 17025
This is just for study purpose, don't blindly trade into it. Please discuss with your financial adviser before trading into stock market. I'm learning and sharing thing what I'm doing. Feedback is more valuable for me.
The adjusted closing of NIfty at 17025, H&S Neck line already broken, A fresh channel break down happened, FII watching the drama, Covid playing in the globe, Be careful. Trade, If Nifty start trading below 17000, Short Nifty , Tgt 16850, 16700 & positional 16350 SL is very deep. 17620
Bank Nifty 1 Hr Chart with Fibonacci Retracement towards Target of 38200 Option/ Future buyers- Buy only December Month expiry Also with a view of Monthly and weekly expiry.. Volatility will be there to eat premiums are on both Side. Dont trade option with November Month Expiry. Still if you want to trade , go only with 1 lot of 38000 with very stick stop...
If you observe, Call writers writing the calls only after breaking the each level, where they can generate the fresh resistance, Bulls trapped badly, Nifty can survive only if FII start buying, else, H&S pattern neck line broken. Fresh Nifty Support 17000, 16700, 16365, 15965 Trade, Sell Nifty at 17400 Tgt 17330, 17250, 117150 SL 17525
this is only study purpose , make position with consulting your sebi registered adviser. friend keep learning.
Banknifty could be go down at Thursday 18/11/2021, But if market open up from blue line which is i draw then we can see some upper targets. Important condition for upper targets:- Market Should be gap up open for 100 Points. if market open down from blue line then we can see some down targets. "Recommend:- Please watch market first 15 Minutes."
Banknifty could be go up at Wednesday 17/11/2021. if market go down after open i recommend do not trade because their are no any big targets. When Banknifty cross the line which is i draw then we can see some upper targets.
Nifty got failed too sustain above 18200, FII may not continued buying, I think todays positive consolidation happened because of local traders and investors, Tomorrow if Nifty break support of 18060, Short nifty, Tgt 17990, 17945, 17900 SL 18150 Long side trade can be initiate only if Nifty sustain above 18225, On 15 minutes timeline, MACD is in negative...
Banknifty clould be go down at Tuesday 16/11/2021. First target could be 38500/-
Nifty closed in the middle of a 115 minutes channel, RSI showing good strength, MACD in negative mode, Conclusion, If opened above 18130, Short covering possible, which will take nifty 18175, 18200, 18225, But as RSI at higher level, MACD slightly negative, sharp profit booking possible at higher levels, If FII start buying, then only Nifty can continue...
NSE:NIFTY ⏺ 4/1 Hourly - As Nifty breaks the long time Resistance, we can see good up move after 18090 ⏺ 15/5 min - same as above. ✅ Support - almost everywhere, 18000,17960 ❌ Resistance - 18090 📈 Trend? - 100% up (what this basically means is that you should avoid treading against the trend *whatever it may be* as it will not give you much points) ↕ Market...
MY VIEW ON BANK NIFTY IS NEUTRAL TO BEARISH FOR NEXT WEEK FOLLOW THE LEVELS MENTIONED ON CHART Trade with Only Low Qty Note : This is only for Education Purpose
Bank nifty making head and shoulder in big time frame as u seen my analysis So trader comments ur idea or view Mr . Trader Thank you....
-Buy Nifty 18100-150 Call when it is above 167 --- Let Nifty trade till 5-10 min after that you can buy call for Target 18230 -250 - Buy Nifty 18100-18000 PE when it goes below 18060 - Let nifty trade 5-10 min after that you can buy PE for Target - 17955..
The stock is under accumulation for the past few months.The chart is self explanatory.Read the details given in the chart for a thorough knowledge. Option sellers can use this script by doing strangle or straddle with break-even falling between 885-999 preferably. This post is for educational purpose only.
Following trade is for educational purposes only. An Iron Condor is an option strategy, where the expected outcome for next week is range-bound. A CE option mentioned below is a European Call Option, while a PE option is a European Put. A hedger always buys these options and a speculator mostly sells one. But when the speculator only sells these options, the...