Nifty Earlier we were expecting Nifty to do a sub 14000 level. In that post we had highlighted that Nifty has a chance of bouncing back towards 14655. Well the bounceback has been much more than that and today despite we seeing a big dip in Nifty, it is so far trading well above - 20 day EMA at 14648 & - 50 day EMA at 14622 currently Trading above the EMA...
Bank Nifty Observations - we observe Bank Nifty trading in down trend channel - Bullish Engulfing candlestick pattern seen in chart Pattern gets invalidated if Bank Nifty closes below 30405 Given the set up, Strategy that may be considered Consider selling Bank Nifty 27 May 2021 expiry 30000 Put option between 700-800 (Last traded Price 753) The strategy...
1-hour Breakout clearly shows an uptrend with volume supporting it. 1320 is an immediate resistance that will act as 1st target.
There will 3 kind of scenario in the market .1. Gap up2. Gap down 3. normal .L ets discuss all three scenario in detail and set a trade plan accordingly . 1} Gap up :- If nifty opens above 14575 or 14650 . then we will look for buy on dip till market sustain above 14450 . 2 } gap down opening :- if nifty opens below 14450 .then we will look for Sell on rise till...
Nifty Derivative data analysis for trade day April 9, 2021 Futures Data - Retail participants added 10.97K Index Futures Long Contracts & exited 434 Index Futures Short contracts - FIIs added 990 Index Futures Long Contracts and added 6.56 K Index Futures Short Contracts - Proprietary traders added 1.47K Index Futures Long contracts and added 5.98K Index...
Sell 34000CE, Buy 34600CE Sell 31300PE, Buy 30700PE
As we analyzed yesterday it was a trending day for BankNifty. It made low in first 5 mins, once broke the high of 15 mins candle then all day up. I mentioned about Spanattack strategy which gave us good trade which I shared in the Public Telegram channel and it has approx 80-85% accuracy. Expectations for Tomorrow: Range-bound day. Resistance: 33400 Support:...
As analyzed it was a Volatile day due to the Credit Policy. We saw the gap-up opening and soon it tested our Buy Level and went up, as per set-up we didn't get the entry as it was done within 15 mins. I mentioned Spanattack (time-based price action) Strategy which is giving around 80% accuracy until now. All our Trading Rooms would get Spanattack Strategy before...
Nifty CMP 14774 - We have got the rise we were looking for - on charts we see 2 important resistance levels at 14818 and 14885 levels given the levels we have suggested a trading strategy in chart The trading strategy covers risk for a rise in Nifty price up to 14954-14964 giving us ample scope to adjust / exit in case Nifty movement is not in favor. Take...
Consider for long only 30 minute candle should close above 14880. These days market is very volatile and set ups are ruined because of gap up/gap down so wait for proper levels before entering into any trade
Banknifty Analysis for Tomorrow-31-03-2021
Bank Nifty has formed Pole and Flag in 15 minute time frame. Consider targets of 3400/34450/34600 in coming sessions if 15 min candle closes above 33600/33650 P.S. Pattern fails if 15 min candle close below 33000
Simple Strategy Banknifty For Tomorrow. . Will Buy CE if Banknifty cross 33387. . Will buy PE if Banknifty goes down below 32873. . Note: Tomorrow Banknifty can also be goes in range bound because last week it happened. . If Banknifty give gapup or gapdown, we will wait for the right time. . You can give your valuable feedback in comment box.
As I told you on yesterday that Nifty can fill the gap between 14350-14450. . And actually today, same thing happened. . As you see, after filling the Gap Nifty reversed from 14270. . So maybe on tomorrow market can be in the range bound. Last week same it's happened. . We will buy CE After Nifty cross 14500. . We will buy PE after Nifty go below 14200. . You can...
Both support and Resistance Levels Mentions what's your view mention here below Kingprenuer
Look for selling opportunities. Resistance and Support levels mentioned kingprenuer
Told you buy on Dip till Nifty sustain above 14650. Tomorrow again we will look for buy on dip again till nifty sustain above 14750. will long above 14830 and sell below 14730. Market moving in both direction so scalping is best method , Scalping level mention in chart.
Banknifty is getting weaker every time it tries to touch 200 ma. Before closing of the day, BNF tried to break MA but couldn’t sustain. Based on price action we can analyze that there’s a breakout of a trendline but it’s fake because we have 200 ma just above the current price. Also we have a good Fibonacci 38.2% level that can act as a reversal. So looking at...