Yesterday we discussed a possibility of finding a trend on wednesday, read yesterdays report as the related item Although i was not sure about the direction yesterday, it turned out on the bullish side. Deep down i really wanted to see NSE:BANKNIFTY break down & fall to the support levels of 39742 - mainly because the option premiums were very low due to the...
CRUDEOIL Time Frame = 15 Min Patter = None Pattern Type = Chart Looking Bearish
My bearish call for yesterday turned out to be wrong - sorry to have disappointed you ! We had a dramatic performance by NSE:BANKNIFTY today even after a higher than expected inflation of 6.52%. Although we had 2 sharp moves, none of the support or resistance was broken - which means we still have no clue on the direction. NSE:BANKNIFTY opened at 41410 made...
Quite a boring day today with bank nifty, maybe the bulls would have already started partying for the wonderful year they had in 2022. 21% return on investment for bank nifty this current calendar year - why would the bulls not party? BN gap'd up at 43401 and was falling gradually, there was an interesting candle at 09.30 & equally interesting counter move at...
NIFTY ON 25-11-2022 Opened gap up Index failed to hold 18500 during the initial hours of trade and remained range bound until the final two hours. Except BANK, FINANCIAL SERVICES and FMCG all the Indices supported NIFTY. AUTO and IT emerged as the leaders with gains of 0.88% and 0.53%. Buying in RELIANCE ( 1.49%) also supported the Index in its northward...
Bank nifty might have closed in the green today, but i am of the opinion that the price action formed today is negative. I would like to short bank nifty from here especially because its weekly expiry tomorrow. BN opened gap up at 41914 made a strong red candle - keep in mind this is the all time high. Although the first candle was red - its not the base reason...
NIFTY Intraday Trade Setup For 21 Oct 2022 Buy-Above 17585 Sl-17535 T- 17642 17723 17808 Sell-Below 17520 Sl-17570 T- 17465 17420 17340 NIFTY has closed on a positive note with 50 points gain today. Our swing long position which was triggered on 18 Oct @ 17430 is intact. Today level was retested but none candle closed below 17430. Our TSL is cost , if a 15 min...
Bank nifty opened gap up at 40556 and tried very hard to go up, even though it tried for the first 18 candles - BN was unable to just rally. This may be due to exhaustion after few days of rally. Or maybe the fresh longs are waiting on the sidelines for another trigger. From 10.40 to 13.05 we had a beautiful fall which even closed the gap, but couldnt take out...
At all time low with divergence in RSI, even bonus announcement could not turn around the sentiments none of the patterns activate before 1540 high is taken out !! Buyers should consult their advisor before taking any action !!
Banknifty opened gap down at 38081 and in the first 5mts candle itself it took out the support line of 37946. There was an immediate bounce somehow giving us the impression that the support was intact, the minor pullback tried to close the gap but lost steam by 10.15. The fall from 10.20 to 10.45 looked interesting because the support level proved quite important...
Marking out ONLY the Current wave on NS. I see that we will bottom out in this wave at apprxx 17600 plus minus, and Move Higher probably towards ATH, @ 3....then come down again towards 4. None of this will happen in a day as this is the Weekly chart, and I expect volatility to increase . Keep a Good WATCH on 17610 as a BASE /BOTTOM
1)GLOBAL UPDATE -American markets are in focus globally -bearish trendline breakdown in weekly chart -bearish engulfing on weekly chart -fed meet on wednesday -80% have factored 75 bps rate hike -20% now are factoring 100 bps rate hike -wall street is preparing itself for the volatility -major central banks are seeing pressure and are raising rate WHAT TO...
There are some of you who are asking Me CRAZY questions. The TROUBLE is not the Questions.... What TROUBLES Me is the Ability of MOST here to even try and GRASP the A of EW. None barring a few have even tried to understand the EW basics, hence questions such as the one posted by Mr Sanket Kumar Sudan has NO basis...Neither is the one posted by Tradeview 1234. I...
The handout from US markets were very weak, S&P500 falling 4.3% overnight. And as expected bank nifty was supposed to start gap down and further break down. Contrary to the expectations, this is what happened - BN opened gap down 565pts at 40308 and made a mega rally to close at all time highs. Within the first 30mts itself BN closed the gap took a minor pause...
BANKNIFTY Intraday Trade Setup For 9 Sep 2022 Buy_1-Above 40270 Sl-40165 T-40465 40600 Buy_2- From 39940 Sl-39840 T-40100 40250 Sell-None BANKNIFTY has closed on a positive sentiment with almost 2% gain. It has closed above the hourly range of 39800 which was since last 2 weeks. Important support is 39200 below which this breakout will fail. Now the next...
Important levels for 07/09/2022. Looks like the bulls and bears are having a nap with none exerting firm control on the index and seems we can have one more session without any proper direction. For tomorrow, safe bets on longs can be placed above the seller reference zone of 40145-40276 and safe shorts below 39430. For Intraday, scalps can be taken as the day...
Matic was facing resistance around 0.85-87 for a while, and a breakout has been done above this , also in lower timeframes retest is successful, hence we can see a upside move towards the next resistance around 0.95-99 , there is a small resistance around 0.91 but it seems to be broken in coming days. Enter now for the above target with a safe stop loss of...
BANKNIFTY Intraday Trade Setup For 05 Aug 2022 Buy-Above 37840 Sl-37720 T-38000 38120 Sell-Below 37520 Sl-37650 T-37220 37000 BANKNIFTY has closed on negative sentiment with 0.6% cut today. The daily candle range is too big as it was too volatile in intraday today. Last day we planned to buy above 38180 on a 5 Min candle close. Level was tested but none 5 Min...