Get started

Search in ideas for "STRONG BUY"

Banknifty Bulish Expanding TriangleBanknifty Bulish Expanding Triangle Today Banknifty break all time High. It's an historical moment of Indian Economy as well as bank nifty Index. As per the chart pattern Banknifty trying to break all previous highs including today. This is all time high position now briefly understand the position where we are--- Upper side no resistance only at 43900 predicted. Lower side 43300 is a strong support zone. Market close with Green Marubuzu mean to open with green signal or going towards long.(Predicted) as per Oi data of 15th Dec Expiry PCR is 0.75 which is below 1 . it will change after market open tomorrow. FII's strongly Buying Future and Option. as per chart it will move upper side after taking a valid support. depend upon market situation. Perfect fib retracement zone is 43300 with pivot support and price action level. this position can be vary 0.5%- 1% up or down level. So Range 43300-43900 predicted *Anything is possible in the FNO market **Be careful before taking sharp entry watch keenly and do your best trade. ***don't take "One More Trade" which will harm your mindset and damage you capital.
NSE:BANKNIFTYLong
by dasarijit245
PostMortem on BankNifty Today & Analysis of 07 NOV 2022Quite an eventful day today, Banknifty opened mega gap up at 41740 crossing 2 resistance levels in a single go (41314 & 41459). The first candle was red but with a long wick on the bottom - indicating that the opening trade was favoring the buyers. The major reason for the gap up was SBI which published good results this quarter. There was a decent fall till 11.25 where the BN tried to cross the 41459 support level - but it couldnt until 13.20. The candle at 13.20 was pretty long and red maybe just indicating that there could be a bit of selling pressure in the days ahead - unless the SBI results are macro shift capable. BN took support at 13.30 and then had a decent & strong buying momentum till close. It went from 41338 to 41758 between 13.30 to 15.20. The green candle at 15.00 negated the red one formed at 13.20 So now we have the BN near the all time highs and no more resistance levels - this make it quite difficult to set a risk:reward ratio for the trades. --- Of the major bank nifty components SBI ended the day with a gain of 3.4% making a 52wk high of 622.7 HDFCBk traded the 1st hour with a negative bias, and then made a strong rally from 10.15 ICICI started positive and then faded into red by 13.25 and then had a super rally to close the day Axis bank also started gap up went to negative territory by 10.25 made an intraday low at 11.25, a retracement bounce till 12.20 and then slipped back to negative. The final hour showed strength and the closing was in green. Kotak and IndusInd had a similar kind of chart pattern, gap up opening and then trading below the negative territory throughout the day. --- Look at the open and close prices - they are almost the same. Guess what would have worked today? Yes short iron fly.  Also shorting CE options or doing a CE credit spread would have worked out well as the time decay was higher due to holiday on 8th Nov. But shorting the calls would require quite some nerves as the bank nifty is as all time highs and there is no resistance. Mostly markets will follow the path of least friction, here it says UP. Because we do not have any more levels to watch. A single breakout rally can shoot the option premiums exponentially high. So request all traders to either set the stop losses or get into fixed loss strategies like ratio spreads, iron condor, iron fly or credit spreads (emphasis on credit as the time decay will help) --- SPX and bank nifty gap keeps diverging. There is a possibility of convergence if SPX rallies this week. As the mid terms elections and the US CPI data is due this week - we can expect an eventful price action till 11th Nov. The nearest support level is at 3737 and the resistance level is at 3813. From the 1hr red candle made on 14.30 there may be stiff resistance going into 3800+ levels. But if SPX manages to cross above that then the next 100pts can be scaled up so easily. --- 15mts is showing sideways market only, even though we had a gap up and resistance breach 1hr shows bullish momentum unless otherwise it settles for a top formation. So we watch the next 3 days closely and then decide --- Bank nifty support & resistance levels s1: 41459, s2: 41314 r1: no resistance as near ATH --- PS: Read the standard disclaimer at: bit. ly/3Nm3RER
NSE:BANKNIFTY
by viswaram
Banknifty - Weekly Analysis Sep 2022 - BEARISH until 37900?Banknifty Weekly Analysis, Global cues are negative and SGX indicates Big Gap down more than 100 Points in Nifty on Monday. Banknifty likely to Open at 39300 or below, 39250 is going to be the Strong Support level. If any Strong Buying momentum seen on the opening we can expect BULL run in Banknifty . If any weakness Support zone gets broken then Banknifty might fall more. Next support is only at 37800 zone only in Banknifty . On the Higher side we have Resistance at 39300 / 40600 levels
NSE:BANKNIFTYShort
by ViVenTraders
2
Nifty - Weekly Analysis Sep 2022 - BEARISH until 16800 ?Nifty Weekly Analysis, Global cues are negative and SGX indicates Big Gap down more than 100 Points in Nifty on Monday. Nifty likely to Open at 17200 or below, 17161 is going to be the Strong Support level. If any Strong Buying momentum seen on the opening we can expect BULL run in Nifty. If any weakness 17161 line breaks Nifty might test 17000 and more fall would expect. Next support is only at 16800 in Nifty. On the Higher side we have Resistance at 17470 / 17600 / 17720 levels More or less this week going to be Volatile or Range Market between 16800 - 17300.
NSE:NIFTYShort
by ViVenTraders
COROMANDEL INTERNATIONAL: STRONG TREND NSE:COROMANDEL shows strong buy indicated by PSAR, MACD & Fisher crossover. Target 2:1023.50 Target 1:956.45 Stop Loss: 862.70 𝑫𝒊𝒔𝒄𝒍𝒂𝒊𝒎𝒆𝒓: The analysis is only for illustration purposes only. Please consult your financial advisor, agent, broker before acting on any information. We may or may not have positions in the stock and our actions may be contrary to the one mentioned here. This analysis may or may not be updated. We would not be responsible for the profit/loss resulting from this analysis.
NSE:COROMANDELLong
by finogent
ACC LTD: STRONG TRENDNSE:ACC shows strong buy indicated by PSAR, MACD & Fisher crossover. Target 2: 2398.15 Target 1: 2329.45 Stop Loss: 2193.15 𝑫𝒊𝒔𝒄𝒍𝒂𝒊𝒎𝒆𝒓: The analysis is only for illustration purposes only. Please consult your financial advisor, agent, broker before acting on any information. We may or may not have positions in the stock and our actions may be contrary to the one mentioned here. This analysis may or may not be updated. We would not be responsible for the profit/loss resulting from this analysis.
NSE:ACCLong
by finogent
VARUN BEVERAGES: Strong upward trendNSE:VBL shows strong buy indicated by PSAR, MACD & Fisher crossover. Target 1: 1135.55 Stop Loss: 1028.30 𝑫𝒊𝒔𝒄𝒍𝒂𝒊𝒎𝒆𝒓: The analysis is only for illustration purposes only. Please consult your financial advisor, agent, broker before acting on any information. We may or may not have positions in the stock and our actions may be contrary to the one mentioned here. This analysis may or may not be updated. We would not be responsible for the profit/loss resulting from this analysis.
NSE:VBLLong
by finogent
Nifty 50 Futures Analysis in Daily timeframeNifty 50 Futures Analysis in Daily timeframe 1. TREND - SIDEWAYS - 16400 - 18600. 2. Nifty made 4 failed attempts to sustain below 16850, shows strong buying coming from below 16850 till 16400. Expect same to continue, that is buying to come from 16400 - 16850 zone. 3. BUY - If breaks 16800 and reverses . Entry - Next day if breaks above 16800 break candle. Stop - Below candle low. Target - 17800. Same setup for 16400 also. 4. SHORT - Entry - Breaks 16400, wait for weak pull back to short. Target - 15900, 15600.
NSE:NIFTY
by NaveenGr
Could NIFTY be sideways tomorrow.? Expiry special levels As expected and analysed we did see a strong buying above 17300, though it has been huge gap up, it remained sideways, it was bullish the whole day, now it is trading at very important resistance which is around 17480-17500 and you can also see that this level has acted as a strong demand zone ( support ) previously and hence we can expect this level to act as a Resistance ( supply ) if nifty gaps down then we can see nifty to remain sideways unless 14500 is broken above and sustained
NSE:NIFTY
by Wealthcam