Get started

Orderflowtrading

BANK NIFTYImportant levels for 26/08/2022. Hope everyone had a wonderful expiry. As the contracts have changed, we will look at spot charts for a couple of days and then back to future charts. Once we break today's low the next reference to look forward for old buyer zone is around 38502 followed by 38319-38225. We can expect a slight support at 38680 regions. Safe traders can book part here and trail for lower targets. The sellers of today are present at 38305-38419 levels and in case we see any up move, these reference area should act as resistance. Any intra longs taken shall look to these zones as final targets.
NSE:BANKNIFTYShort
by deepss4u
NIFTYImportant levels for 25/08/2022. We now have had 2 days of almost same VA and seeing it get breached in the final 30 minutes. For tomorrow, once we break 17643 and see a 15 min candle close above it we can take longs and look for targets of 17690 and trail our positions till the previous seller reference of 17760-17834. On the downside, we can take shorts when price goes below 17570 with SL of 17600 and wait for it to test the previous buyer reference at 17490-17450 zone. If we see a big gap up we shall wait for VA to develop and then take positions.
NSE:NIFTY1!
by deepss4u
BANK NIFTYImportant Levels for 25/08/2022. Just like yesterday we saw buying that too with volumes pot 3pm and it being inside our old seller zone was wisely avoided. If we open flat and cross 38204, we can take positions for longs as the next seller reference zone at 39460-39688 as final targets. SL for this trade can be kept at 39120. Any gap down open and we can look to take longs at 38940 with SL of 60-70 points for targets of 39145 and 39200 as targets. Shorts can be taken if we see rejection between 39145-39205 with 38940 as target or if we see a big gap down and price going below 38784 for targets of 38580,38470 and 38310. Strictly no fresh trades between 38780-38940 (NO TRADING ZONE).
NSE:BANKNIFTY1!Long
by deepss4u
NIFTYImportant Levels for 24/08/2022. Shorting the index near current levels is a big NO for me as we do not see a good RR. If we see any pull back to 17600-17610 we can take longs but if we open flat we can take longs once we see a positive first 5 min candle. The next reference to look here is 17760-17834 zones. This is the only trade which looks feasible to me for tomorrow unless we open with a gap up around the previous seller zone of 17760-17834, then only we can short with a 20-30 point SL with 17610-17640 as potential targets.
NSE:NIFTY1!Long
by deepss4u
BANK NIFTYImportant Levels for 24/08/2022. The index opened well below the previous buyer reference area and moved up quite rapidly till previous day VAH before facing resistance and stayed thereabout before the final burst. Looking at the charts, we can decode that the buying volume has increased and 38310-38430 should act as a big support. The untested seller reference now lies at 39003-39145 and as we have closed near these zones, we shall wait for this zone to be breached before placing longs. If we see this zone sees another influx of sellers, we can look for targets of 38340 and 38210. Once 39145 gets breached and we get a 15 min candle close above it, the next reference to look forward is 39460-39675.
NSE:BANKNIFTY1!
by deepss4u
NIFTYImportant Levels for 22/08/2022. The sellers look to have taken firm control in one day of selling, but market does like to spring surprises. 17920-17980 is a strong seller reference area and likely to see another round of selling when we reach these zones again. The closest selling area is from 17780-17823 but to be on the safer side longs should be avoided till we see a 15 min candle close above 17860 as per OFA. Any pullback to these reference zone can be used to enter shorts with SL of 20-30 points with initial targets of 17715 and trailed for targets of 17690,17645 and 17620. In case if we don't see any pull back frsh shorts can be taken if price sustains below 17690 for targets of 17645 and 17620. In case of big gap down, it will be wise to wait for pullbacks or VA to be formed before taking any kind of positions.
NSE:NIFTY1!Short
by deepss4u
BANK NIFTYImportant Levels for 22/08/2022. One day of brutal selling and we engulf 3 days in one move. The big sellers are now concentrated in the reference zone of 39460-39670 and likely to sell again when the price reaches here again making it a great place to go short again. The nearest resistance area is between 38990 and 39210 and advised not to take any position as long as the price stays in this zone. Fresh shorts with 50% position size can be taken with a candle close below 38825 with SL of 60-80 points and rest quantity be added when the price breaks 38680 for targets of 38400,38250 and 38120. A big gap down open and we can expect to see the previous buyer zone 38250-38400 to act as support.
NSE:BANKNIFTY1!Short
by deepss4u
BANK NIFTYImportant Levels for 19-08-2022. First half the sellers got the control after a long time but the force with which the byers fought back was the thing to look for. The index is super bullish and the next major levels to look forward to is the reference zone of 39985-40085 an till that there is no stopping the index. The largest volumes in the up move post 2pm are concentrated in 39690-39740 and that can act as a support zone and dips can be bought till here, below it the next support area will be at 39490-39560 areas. Will avoid shorts for the time being.
NSE:BANKNIFTY1!Long
by deepss4u
NIFTYImportant Levels for 19-08-2022. The index is so bullish that we are printing Higher highs every day. The next important reference on the upside is from 18047-18096 and there is a high probability of that happening. The up move post 2 pm is concentrated in the range of 17949-17965 and any dips till this zone can be bought. 17912-17922 will be another zone to mark as potential profit booking zones for someone who dares to short the index;) The major support still is at 17854-17886 and we can think of shorting only below this. The volumes and sentiment looks bullish tomorrow and would be my suggestion to avoid shorts.
NSE:NIFTY1!Long
by deepss4u
BANK NIFTY Important Levels for 18-08-2022. The way the index is behaving major moves are happening overnight and intraday ranges are too tight to aim for big targets. The index has closed at good levels and above the surge by late buyers. The last leg of the up move today has good buyers in the zone between 39410-39440 and if by any chance we open flat or with a small gap down, we can expect another round of buying. SL can be placed at 39365 and the targets we can look to is 39500,39540. If we open with a gap up and sustain above 39550, we can see another move till 39700 levels. Any gap down most likely will be bought. No shorts unless we break 39260 levels and if it does we can short for targets of 39000.
NSE:BANKNIFTY1!
by deepss4u
1
NIFTYImportant Levels for 18-08-2022. The index is getting tougher and tougher for intraday directional players and tomorrow being the weekly expiry we can hope that changes. 17930-17960 can be the support reference area, below 17930, we can see 17910,17885 and 17860. We should look for small targets on the downside and trail aggressively as we are seeing buyers coming in at all dips. SL can be placed at 17960. Once we trade above 17990, there is a chance we can see 18070 levels. But would like to play very light tomorrow as the trend is very strong to the upside and with 18000 looming nearby coupled with the expiry, moves can be vicious.
NSE:NIFTY1!
by deepss4u
BANK NIFTYImportant Levels for 17/08/2022. Another volatile day and again no supports being broken. The largest sellers for today are concentrated in the zone 39270-39320. Unless we close a 15 min candle above this region, my bias will be to short. In case of a flat open, ideal levels to short will be below 39270 with SL of 39320 for targets of 39220,39180,39100 and 39000. If we open flat and trade up, then we can go long above 39320 with SL of 39270 for targets of 39420 and 39470, if buyers still show strength we can look for 39700 as our final targets. Any big gap up or gap down and we must wait and then take positions.
NSE:BANKNIFTY1!Short
by deepss4u
BANK NIFTYImportant Levels for 16/08/2022. The index is showing strength and we are seeing gaps being sustained and supports holding fort. But one thing against it no shift in Value Area despite the fact that the price has stayed well above the VA last session. These two points being contrary to each other does create enough doubt regarding the movement of the index. In my point of view i will be waiting for a retest of the VA before initiating any long trades. With important reference on the upside being 39130-39210, any negativity seen with volumes, i will look to short with a 50-60 point SL for targets of 39000,38940 and 38830. Longs i will be taking if the price finds support at VAH 39000, with SL of 38940 for targts of 39110,39200 and 39250.
NSE:BANKNIFTY1!
by deepss4u
BANK NIFTYImportant Levels for 12/08/2022. Clearly the stronger of the two indices. We opened gap up and clearly sustained above it, although there was no follow through and a big move, we did not come close near DL. 38830 is the reference level to look for before initiating shorts. Once we trade and sustain below 38830, we can place shorts with SL at 38900 for targets of 38770,38700 and 38600. If we trade above 38980, we can look for targets of 39160 and 39250, with SLs placed at 38900.
NSE:BANKNIFTY1!
by deepss4u
NIFTYImportant Levels for 11/08/2022. A completely range bound day. 17465-17585 is the zones which need to be broken for some good moves. Longs can be taken above 17585 for targets of 17620,17640 and 17660. SL has to be kept around 17550. Shorts can be taken below 17520, with SL of 17550 for targets of 17470,17440 and 17380. Today we witnessed good buying at 17470-17480 levels but it was buyers defending their positions rather than fresh and aggressive buying, Sellers can gain control if we slide and sustain below 17467 and eventually will can see 17316 reference levels. Can be a volatile expiry tomorrow.
NSE:NIFTY1!
by deepss4u
BANK NIFTYImportant Levels for 11/08/2022. Much like Monday's closing, today's closing does not give any indication as to where the index is heading. On the upside 38420-38500 is a major resistance zone and on the downside 38150-38240 can act as a strong support. So unless we break out of these reference zones choppiness is expected. For tomorrow, safe traders can wait for the mentioned zone to break and risky traders can look to short at the break of 38250 with SL of 38315, for targets of 38140, 38080 and 38000. On the upside, if we sustain for the first 15 mins above 38450, we can go for longs for targets of 38560,38660 and 36800 with a 50-60 point SL. The buyers are defending well but we are not seeing aggressive buying, that is making trading the index a bit tricky.
NSE:BANKNIFTY1!
by deepss4u
NIFTYImportant Levels for 05/08/2022. If we open flat, any price rejection seen at the reference region of 17380-17425 can be used as an entry for shorts will SL of 25-30 points and we can look for targets of 17320,17280 and 17250. If price sustains above 17325, we can take longs with SL of 17400 for targets of 17470 & 17500. In case of a gap up, i shall wait for proper price action before initiating trades. If we see a gap down, 17230-17250 can act as support and longs can be planned if we see good volume support for targets of 17310,17330 and 17380. SL can be of 20-25 points, In case of a big gap down, will prefer to sit tight till the price is not above 17200 and then plan longs, shorts only below Day low.
NSE:NIFTY1!
by deepss4u
BANK NIFTYImportant Levels for 05/08/2022 We witnessed a highly volatile expiry and a close below the previous support zone. If we open flat and start moving up, 37800-37875 can act as a resistance zone and if we get good selling volumes, we can sell at this zone with a 50 point SL for targets of 37560,37500 and 37420. But if we open flat and sustain above 37875, we can go for longs with SL of 37800 for targets of 38080,38200 and 38270. If we open with a gap up, we wait for the price action at our mentioned references and then initiate trades. On the upper side the important reference point is 38400 once we trade above 38250. On the down side short trades if taken from 38080 levels can look for 38860 as potential final targets. If we see a gap down, 37440-37500 can act as support and shorts to be initiated below 37450 for targets of 37300,37120 and 37000. In my opinion, the presence of a buying tail indicates positivity.
NSE:BANKNIFTY1!
by deepss4u