Pre-market Analysis Nifty Bank Nifty 21 August 2023Market Recap
Nifty declined 0.28% to close at 19,310.15
Bank Nifty declined 0.09% to close at 43,851.05
India VIX declined 0.80% to close at 12.14
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Pre-market Analysis Nifty Bank Nifty 17 August 2023Market Recap
Nifty advanced 0.16% to close at 19,465.00
Bank Nifty declined 0.33% to close at 43,946.40
India VIX advanced 1.08% to close at 12.12
SCI - Bullish Momentum BreakoutNSE: SCI is closing with a bullish momentum candle supported with volumes.
Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days.
The stock has been moving along the horizontal support for the past few days which is indicating demand.
One can look for a 8% to 13% gain on deployed capital in this swing trade.
The view is to be discarded in the event of the stock breaking previous swing low.
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v o l t a a a a a sVoltas fut broke out of long descending triangle on daily charts with good OI build up as well as very good R:R Ratio.
Not to be missed breakout.
Could be bought with mentioned stoploss & target.
D A L B H A R A TDALBHARAT FUT is on the verge of breaking out of descending triangle as well as consolidation on an hourly chart with decent OI.
Could be bought above 1975 with mentioned stoploss & target.
E I C H E REICHER MOT broke out of descending channel pattern on an hourly charts with decent volumes.
Could be bought with mentioned stoploss & target.
Pre-market Analysis Nifty Bank Nifty 01 August 2023Market Recap
Nifty advanced 0.55% to close at 19,753.80
Bank Nifty advanced 0.40% to close at 45,651.10
India VIX advanced 2.74% to close at 10.41
J A C K P O T HEROMOTO fut broke out triangle pattern with decent OI on an hourly charts.
Could be bought with mentioned stoploss & target.
Not to be missed breakout
D E E P A K N T R - S H O R T C O V E R I N GDEEPAKNTR fut broke out of range & ascending triangle on an hourly chart with decrease in open interest ahead of expiry suggests short covering in the counter.
Could be bought with mentioned stoploss & target.
FEVICOL KA SUPPORT STRONG HAIPIDILITE is trading near its very strong support (jisko fevicol support bol saktey hai) of 2585, this 3rd time it took support @ these level.
If it font dont break 2585 today then its a triple bottom on these levels.
Could be bought here with stoploss below 2585 & firts target of 2630 & if it sustains above it then 2730 2nd target.
B A N K N I F T YBANKNIFTY is trading near its crucial support zone of 45275-45280. It made low(45324) near support & bounced back. As long as banknifty trades above theses level its strong.
Could be bought here with CBSL 45275.
Update target later.
L I C H O U S I N GLICHSNG fut broke out of descending triangle pattern on an hourly chart with good OI.
Risk:Reward ratio very much in favour of bulls.
Not to be missed breakout.
Could be bought with mentioned stoploss & target.
Pre-market Analysis Nifty Bank Nifty 28 July 2023Market Recap
Nifty declined 0.60% to close at 19659.90
Bank Nifty declined 0.83% to close at 45679.30
India VIX advanced 0.53% to close at 10.51
Pre-market Analysis Nifty Bank Nifty 26 July 2023Market Recap
Nifty advanced 0.04% to close at 19680.60
Bank Nifty declined 0.17% to close at 45845.00
India VIX declined 12.10% to close at 10.24
Pre-market Analysis Nifty Bank Nifty 25 July 2023Market Recap
Nifty declined 0.37% to close at 19,672.35
Bank Nifty declined 0.33% to close at 45,923.05
India VIX advanced 1.46% to close at 11.65
Pre-market Analysis Nifty Bank Nifty 24 July 2023Market Recap
Nifty declined 1.17% to close at 19745.00
Bank Nifty declined 0.24% to close at 46075.20
India VIX declined 2.55% to close at 11.48
Kotak Bank- Impulse formationAfter a 5-waves up stock has corrected to 50%-61.8% Fibonacci retracement level and bounced back forming HH HL. Considering the rise as wave-1 and the fall as wave-2 , the current bounce is suggesting that stock is unfolding it's 3rd wave which shall take the prices towards 2230-50 zone in the coming weeks.
TRADING STRATEGY:
Buy near 1970 , SL: 1830 TGT: 2230-50/ 2480
NIFTY BUY NIFTY BUY
nifty took a very good support from its previous day support evel 19800
now sustaining above that next targets are,
20000 ++
SL 19770
FINNIFTY READY FOR BREAKOUT FINNIFTY READY FOR BREAKOUT
Finnifty is getting ready for structural breakout
100 points long momentum possible
TARGET 20450-500
SL 20285
BNF strong bullishBNF strong bullish after huge consolidation
Bought bank nifty at breakout
target 47650-700
sl 45400
NIFTY MONDAY ANALYSIS 17-7-23NIFTY MONDAY ANALYSIS 17-7-23
Monday Market Analysis -
1- Gapup Opening above channel = Bullish
2- Flat Opening = Bearish/Channel Following
3- Breakdown of Channel = Bearish Trend
FOLLOW LEVELS AS GIVEN IN CHART
BANK NIFTY again above channel BANK NIFTY again above channel.
bought some calls for target 45080 -45358
sl day low
below sl short bank nifty
