BankNifty Today Analysis It all started with BankNifty today, the options flow was indicating immense bearishness. But Nifty50 options flow was showing strong bullishness. This contrasting directional bias barely works in our market. And 9 times out of 10, Nifty50 mends its way to go as per BankNifty’s directional bias. The reason is, BankNifty is still the...
BankNifty Analysis Going neutral on BankNifty worked out pretty well today. But things were not looking in favor till we got the reversal at 10.03. Till then BN was following the falling price action from yesterday. I was kind of worried that we may even re-renter the ascending channel today. 4mts chart link - click here How and why we got the reversal - No...
Nifty Analysis Recap from yesterday: “Nifty has shown it is stronger than thought by bouncing off the channel’s upper boundary. For tomorrow, my stance is revised to bullish. Since we are at ATH, I do not have an upper target, but my support level will be 21037.” 4mts chart link - click here Results continue to amaze and amuse me. Never have I been rewarded so...
Fibonacci 0.5 zone respected. Wait for 0.3 level sustain completely to go futher. Gift nifty showing 150+ points Dow Jones 400+points Nasdaq 130+ points Big breakout will there on 14th December. NSE:BANKNIFTY NSE:NIFTY
- CDSL is India’s largest securities depository in terms of number of accounts with the highest - -share of incremental growth of demat accounts. - The total number of demat account investors in India reached over 12 crores, with more than 9 crores registered with CDSL. - Highest Ever Quarterly revenue of 207 crore. - Highest every net profit of 109 crore in...
So well NIFTY is currently trading at 20068 points with -BIG Support levels at 1.19207.75 2.18832.75 -Resistance levels at 1.19877 2.19983 3.20228 The index well is near its highest resistance level that is 20228 which was actually achieved because of the G20 summit that was held in india that had crossed resistance levels at 19983. Now looking at the RSI...
Looks Bulls are entering which kept market floating for past 2 days might get good movement by tomorrow or expiry, if open without gaps or open in previous days range. - As per trend analysis bulls making lower highs as support may hit 43800 - Bullish move above 43800 , Resistance at 43970 - 43600 may act as support & resistance both. - 43400 support on down...
Nifty given strong monthly closing as usual, but still fear of stock market has not been over by seeing global market last late night on friday. Nifty near to 200 SMA support and also at its price action supportive Trendline zone.
Nifty Analysis Recap from yesterday: “For tomorrow, I wish to maintain my bearish stance and expect Nifty to trade between 18880 and 18762. If we break 18762, my next target would be 18597.” Nifty took a breather today, opened gap up around the 18930 area and rose steadily. We did not retouch or break the low of 25 Oct ie 19075 zone, slightly indicating that the...
BankNifty Analysis BankNifty was a pure support and resistance play today. If you had seen my charts earlier - you would have seen the marked SR zones and noticed how we reacted to 3 of those levels today. Open was gap-up above the 43253 SR level. We went up to 43404 zone and got rejected and came back. We spent some time back at the 43253 levels with no special...
BankNifty Analysis One thing that really gave me confidence in the bearish move was the build up of momentum in banknifty. I did not get this feedback from Nifty, but Banknifty’s pulse gave me hope that further down moves are highly possible. Since I rely on options flow also to gauge the sentiment - the intensity of CE shorts were too good today especially in...
Index is currently in a no trade zone and i'd recommend traders refrain from trading any related instruments to avoid getting chopped out . Plots available on the chart how the earlier zone was traded for referrence . Trade wisely !
Hi banknifty trader. there is a high probability that banknifty can form ascending triangle pattern and continue its bullish trend. also, it is forming this bullish at its all-time high region. so upside momentum can be good if breakout will happen.
Banknifty. (Only for Experienced traders" ) Enter after " Breakout and Retracement ". . . For " long " entry: 44575 / 45025 target: 45030 - 45250 - 45760 stoploss: 44430 . . For " Short" entry: 44430 target: 44250, 44030 stoploss: 44580 . Enter only if market Breaks "Yellow box" mentioned. . Wait for proper reversal and conformation. . Don't make...
#Banknifty at the moment with Bullish trend with the Grip of Bears. Follow Price Action at these levels to initiate your trades.
Looking good for buying once the trend line breaks or wait for the reversal at bottom trend line. Also make sure to follow the index trend and take position accordingly. Please follow me if you like my analysis. More ideas publishing soon…
#HDFCBANK #BANKNIFTY #NIFTY50 #NIFTY #SENSEX #TATA Intraday trading involves buying and selling options within the same trading day, rather than holding them for an extended period. By adopting this approach, traders can make profits by capitalizing on the short-term price movements of the underlying asset.22-Apr-2023 Is option buying good for intraday? Trading...
Market broke down in last trading session after gap up on previous session, US market closed in green zone post US FED meet with no rate hike, expected to open in green zone but 19240 level is crucial support which have tested too many times. VIX is also rising. So follow chart for proper entry and exit levels.