** Nifty & Banknifty Trading setup for 19 Jan **
Market Analysis for 19 Jan 2022 (Wednesday )
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* Nifty 50 *
---------------------
Support Area Resistance Area
-------------------- -----------------------------------
1st Support Area : 18051.60-18075.15 | 1st Resistance Area : 18153.16-18170.39
2nd Support Area : 17949.06-17973.65 | 2nd Resistance Area : 18270.05-18291.17
* Nifty Bank *
------------------------
Support Area Resistance Area
----------------------------- ----------------------------------
1st Support Area : 38031.64-38098.74 | 1st Resistance Area : 38396.48-38480.75
2nd Support Area : 37705.30-37798.27 |
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Expectation : As for tomorrow expecting a flat negative market.
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If want to know my Trading Approach for tomorrow. Please stay connected with me.
Jai Hind.
Disclaimer:
This video is only for educational purposes. Please consult your financial advisor before you take any trades. I am not a SEBI Registered Analyst.
Support and Resistance
Nifty Today: “Tough Nut” - 13 Jan’22
Nifty View: Benchmark Nifty index shows good resilience with another 46 points positive close for the day's trade today. So far, we have five consecutive positive daily gains from the index throughout which the index has successfully posted a sequence of higher highs and higher lows. There is no doubt that the underlying trend is up and resilient, but a look at momentum indicators shows that this recent gain is slowly but surely losing momentum. BankNifty, and especially HDFCBank with the other private sector banks that did show early signs of correction in today's trade. Strategically, one should stay with the trend and look to initiate long trades but not in haste. On the other hand, wait for lower levels, specially at supports, wherein risk-reward ratio is are far more favourable.
Thank you for following my work and please feel free to share your thoughts and suggestions.
Trade Well. Trade Wise.
Nifty Today: “Runaway or Exhaustion?” - 12 Jan’22 The rally continues for the benchmark Nifty index as it gains another 157 points in today's trade to post a close at 18,241. A look at the last ten trading sessions, and we notice that eight of these have been positive closes - such has been the strength and resilience of this recent uptrend. Most sectors and heavyweight stocks have also participated in this rally, but we start to notice very early signs of momentum slowdown in the Nifty and the BankNifty. Strategically one should stay on the bullish side but should not add long positions aggressively for the rest of this week. Amongst the large-cap banking stocks, it is HDFCBank which has created a bearish pattern on the daily charts alongside price momentum divergence. And so, going forward, this banking heavyweight can slow down the gains from bank nifty and probably the overall pack.
Thank you for following my work and please feel free to share your thoughts and suggestions.
Trade Well. Trade Wise.
Nifty Next week outlookNifty Next week outlook.
It is been seen that the nifty closed above the down trend line formed in short term . That is why should be bullish on nifty but the bears are not out of the game the trend reversal and bullish sentiment will be confirmed only above 17600 closing above 17600 will be very crucial. I think for next week the range will be between 17600 and 17250
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003 RBL BANK CUP AND HANDLE PATTERN24-Nov-20
Monthly: After Pandemic it is improving & it is in the process of recovering the loss. Immediate Target looks to be at ~ 300
Weekly: Forming a Cup and Handle pattern, it is for reversal of the downtrend
Daily: BreaKout Retest and now the continuation of Cup and Handle pattern
** Take only 1 or 2 Quality Trade on an Expiry Day in Nifty **Good Morning Traders..
Today is Expiry Day i.e., Thursday 09 Dec.
Today i have some free time .
I am going to post my trading idea and also the analysis also. Please respond in the comment section if you are also taking the trade with me or you want to get some more trade ideas.
I am happy to help you all.
**What To Do in an Expiry Day -
i) Decrease your position size(Take 2 to 3 lots ) as there will be a huge theta decay,
ii) Always keep your Stoploss in system ,
iii) Take 2 Quality trades.. if both stoploss hit exit the system..
iv) Control your Emotion and Be disciplined.
I have found one good opportunity so i have shared with you..
If stoploss is hit toh fir sinna tannke lena...
Have a good day.
Jai Hind.
002 JinDal Steel Trading Setup, Price Pattern Action Trading Mahurt Trading _ 14-Nov-20:
15K 69 Shares
Monthly: Bullish: - Looks Like a W reversal Pattern - will confirm at 280 Closer on Monthly, If this pattern succeed to close at 280 monthly then we can hold it for 604 Target
Weekly: Still trending in a ranging situation, expected to growth, 1st target 345. 2nd target 450, 3rd target 580 and 4th target 600
** Trading is a way of life not just an occupation ** ** Nifty & Banknifty Analysis & Trade Setup **
Market Analysis for 03.12.21 (Friday )
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* Nifty 50 *
---------------------
Support Area Resistance Area
-------------------- -----------------------------------
1st Support Area : 17281.01-17301.60 | 1st Resistance Area : 17441.65-17428.18
2nd Support Area : 17169.86-17201.72 | 2nd Resistance Area : 17529.79-17553.26
* Nifty Bank *
------------------------
Support Area Resistance Area
----------------------------- ----------------------------------
1st Support Area : 35587.68-35762.20 | 1st Resistance Area : 36664.12-36784.61
| 2nd Resistance Area : 37115.96-37251.51
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Expectation : As for tomorrow expecting a positive negative market.
---------------------------------------------------------------------------------------------------------------------------------------------------------------
If want to know my Trading Approach for tomorrow. Please stay connected with me.
Jai Hind.
Disclaimer:
This video is only for educational purposes. Please consult your financial advisor before you take any trades. I am not a SEBI Registered Analyst.
** Nifty & Banknifty Analysis & Trade setup for 2 Dec**
Market Analysis for 02.12.21 (Thursday )
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* Nifty 50 *
---------------------
Support Area Resistance Area
-------------------- -----------------------------------
1st Support Area : 17084.75-17066.23 | 1st Resistance Area : 17202.52-17218.33
2nd Support Area : 16927.74-16950.69 | 2nd Resistance Area : 17324.51-17341.29
* Nifty Bank *
------------------------
Support Area Resistance Area
----------------------------- ----------------------------------
1st Support Area : 35534.82-35656.37 | 1st Resistance Area : 36702.09-36784.21
2nd Support Area : 34898.97-34990.32 | 2nd Resistance Area : 37099.53-37218.90
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Expectation : As for tomorrow expecting a positive market.
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|| Don't look Back || Nifty & Banknifty Trade setup for 1 Dec
Market Analysis for 01.12.21 (Wednesday )
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* Nifty 50 *
---------------------
Support Area Resistance Area
-------------------- -----------------------------------
1st Support Area : 17304.90-17323.40 | 1st Resistance Area : 17713.05-17735.70
2nd Support Area : 17216.70-17233.05 | 2nd Resistance Area : 17635.15-17652.05
3rd Support Area : 17113.25-17129.35 | 3rd Resistance Area : 17549.25-17570.60
* Nifty Bank *
------------------------
Support Area Resistance Area
----------------------------- ----------------------------------
1st Support Area : 36591.15-36674.85 | 1st Resistance Area : 37721-37847.85
2nd Support Area : 36189.15-36263.60 | 2nd Resistance Area : 38586.00-38677.30
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Expectation : As for tomorrow every thing has been said in the video.
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** Nifty & Banknifty trade setup for 24 Nov (Beware of Traps)**
Market Analysis for 24.11.21 (Wednesday )
*******************************************************
* Nifty 50 *
---------------------
Support Area Resistance Area
-------------------- -----------------------------------
1st Support Area : 17304.90-17323.40 | 1st Resistance Area : 17713.05-17735.70
2nd Support Area : 17216.70-17233.05 | 2nd Resistance Area : 17635.15-17652.05
3rd Support Area : 17113.25-17129.35 | 3rd Resistance Area : 17549.25-17570.60
* Nifty Bank *
------------------------
Support Area Resistance Area
----------------------------- ----------------------------------
1st Support Area : 36591.15-36674.85 | 1st Resistance Area : 37721-37847.85
2nd Support Area : 36189.15-36263.60 | 2nd Resistance Area : 38586.00-38677.30
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Expectation : As for tomorrow every thing has been said in the video.
---------------------------------------------------------------------------------------------------------------------------------------------------------------
If want to know my Trading Approach for tomorrow. Please stay connected with me.
Jai Hind.
Disclaimer:
This video is only for educational purposes. Please consult your financial advisor before you take any trades. I am not a SEBI Registered Analyst.
** Nifty & Banknifty Trade setup for 23 Nov **
Market Analysis for 23.11.21 (Tuesday )
*******************************************************
* Nifty 50 *
---------------------
Support Area Resistance Area
-------------------- -----------------------------------
1st Support Area : 17294.45-17312.50 | 1st Resistance Area : 17490.30-17509.40
2nd Support Area : 17080.20-17100.20 | 2nd Resistance Area : 17552.25-17564.90
3rd Resistance Area : 17635.15-17647.55
* Nifty Bank *
------------------------
Support Area Resistance Area
----------------------------- ----------------------------------
1st Support Area : 36669.90-36864.55 | 1st Resistance Area : 37787.95-37926.00
2nd Support Area : 36170.10-36263.60 | 2nd Resistance Area : 38586.00-38677.30
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Expectation : As for tomorrow we should look a place where we want to short the market both nifty and banknifty.
The Trend is Bearish. But at this levels we cannot short because the market is all ready oversold.
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** Nifty & Banknifty Analysis for 22 Nov **We can be rich only by adding value to someone's life.
Chose your Risk Reward ration wisely.
Market Analysis for 22.11.21 (Monday )
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* Nifty 50 *
---------------------
Support Area Resistance Area
--------------------------- -----------------------------------
1st Support Area : 17578-17536 | 1st Resistance Area : 17875 - 17857
* Nifty Bank *
------------------------
Support Area Resistance Area
----------------------------- ----------------------------------
1st Support Area : 37723-37823 | 1st Resistance Area : 38431 - 38292
2nd Support Area : 37218-37317 | 2nd Resistance Area : 38926 - 39114
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Expectation : As for tomorrow we should look a place where we want to short the market noth nifty and banknifty.
The Trend is Bearish. But at this levels we cannot short because the market is all ready oversold.
---------------------------------------------------------------------------------------------------------------------------------------------------------------
If want to know my Trading Approach for tomorrow. Please stay connected with me.
Jai Hind.
Disclaimer:
This video is only for educational purposes. Please consult your financial advisor before you take any trades. I am not a SEBI Registered Analyst.