Bank Nifty Analysis post expiry!If you look at 30 min chart of Bank nifty for today session it was clear from start of the day that buyers are going take the session look at first 30 min candle a pure "bullish wick reversal pattern" it confirmed that options buyers will take over the day!!
Already discussed on 31st Jan analysis keep eye on opening for confirmation of trade. "Check" 45400 ce was trading at 200 at 10 am at 10.15 am it closed at 556 a net 323 points candle it makes your day!
lets look for tomorrow might be same action as today as bank nifty was trading in range in later sessions. But also failed to break resistance twice May take jump from last support at 45600. Still bullish side are bit stronger.
Gap down opening can change the view from bullish to bearish.
Resis - 46200,46550
Supp - 45670,45400
Strongresistance
Bajaj Auto Trade Setup For TomorrowBajaj Auto has already given the breakout, 3900 level was the strong resistance,
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And Bajaj Auto share already broke the level on today.
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So for tomorrow we can expect the good move and it wil more strong, once it goes above 4000,
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Short term targets is 4200.
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What's your view on this comment below in the box.
HINDALCO TRADE SETUP FOR TOMORROW (Long)HINDALCO share tested multiple times the level of 485,
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And every time the share rejected now again in tomorrow or day after tomorrow,
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Stock will retest this level if it is goes above 485 with a good volume you can buy this trade,
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For the target of 495, 500 is a strong resistance level so maybe it will not break the level.
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What's your view on this comment below in the box.
MIRZAINT POSITIONAL TRADE SETUP Mirza International is near to breakout 63 is very strong resistance level .
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MIRZAINT share test multiple times this level, but this time there is a high volume.
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If it break 63, you can make the safe entry at between 65-70 for the targets of 100.
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What's your view on this comment below in the box.
AU BANK POSITIONAL TRADEAs you see in there is a strong resistance of 1203 in the AU Bank Stock,
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In starting of 2020 touch the level of 1203 and then reverse and yesterday AU Bank touch and market closed.
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But now there is high volume so two thing can happen in this case.
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1. Maybe AU Bank will break the 1203 level and touch the target of 1300-1323.
2. Maybe AU Bank can be rangebound or give some correction and then goes up.
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Let see what will happen, what's your view on this comment below in the box.
Trend line breaks by spending time on resistance.The trend line is breaks after spending time at critical levels, which is a follow through as a sign of bullish.
My point of views are
1. Make Strong green candle in 1D Time Frame.
2. Bullish candles are being made continuously over a 1 hr Time Frame, which is an indication of buyers are activate.
My Target
1. Short term target- if it breaks 1509.35 on up coming days in 1 hr Time Frame, Then our target is 1553.55
2. Long term target- 1611.25.
#Banknifty Trade Setup For Thursday (15th April)As you see in the chart, there is strong support from upper side at 31700 levels,
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And strong resistance at 31700 from down side but yes it breaks in the last one hours.
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So for thursday there is a simple Strategy, if Banknifty go Above 32680 then you can buy CE.
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If Banknifty goes down below 30500 you can go for PE side.
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In gap up opening we will buy on dip till Banknifty goes till 14700.
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If Banknifty give gapdown opening will buy when Banknifty cross 14700.
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You can give your suggestions in comment box.
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#Banknifty Trade Setup For Wednesday (24th March)Banknifty is ranging between 33385 to 34360.
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If you see in the chart, Banknifty took 2 to 3 times support from 33385.
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In the upper side, Banknifty Touch two times 34360 so it's a strong Resistance.
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Tomorrow Banknifty can Break 34360, if it you can go for CE.
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If give gapup opening we will buy on dip.
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You can give your suggestions in comment box.
EURCAD - BEARISH TREND DESCRIPTION:
The counter EURCAD is maintaining its price below the flat-top resistance line at the price of 1.5379. The resistance line has been tested twice . Today the counter hit the resistance line and the price started falling downwards. The resistance line is very strong so that the counter can't able to break the line. The downpour of the price indicates the bearish trend of the counter may continue further. The stochastic indicators are at level 80 which gives additional support to the description.
Major Levels of this counter:
R2 - 1.5453
R1 - 1.5416
PP - 1.5353
S1 - 1.5317
S2 - 1.5254
Grasim - Bounce Back from 400 or go to 347Grasim is at strong support currently.
Keep it on Radar for 400 - 410 - 425 +
Considering all global markets are positive today, incase if tomorrow opening is +ve , clearly bounce back is expected.
However incase if falls from this level ... next support is at 347.