Trader
BANKNIFTY, will not back again? Answer is, Still exist BULLSBankNifty closed at support.
Last hope at 29211.
Trendline support 29395 - 29450
Even if the trend channel is continuing, and the following possibilities still exist;
1) Gravitate price will attract the value, so long traders have target 29977.
2) The support at 29395-29450 will push the nifty toward to 29700.
3) Last hope at 29211, if bank nifty slip to that will be a pure bearish trend.
The formation of a bearish candle following a Bearish Belt Hold on the daily scale indicates that bears are now forcing the market to restrict its momentum.
It can slip the next 1-2 sessions if above is not exist.
Words for nifty: choppy, range, sideway and break up-down...In last update, We have book good amount of profit from the option trade:
Comment : BUY PUT OF NIFTY strike 11700 70-76 with stoploss 65 and targets 121-148 (CMP 79) wait for range
8 hours ago
Comment : start booking on NIFTY PUT... CMP 102
Click here for last update:
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From the daily chart view, is signaling a sideways range movement in the market.
Short term trend of Nifty is choppy and will expect to trade in the range of 11547-11636 intraday. after breaking, up-side will require a new update and downside breaking will lead to attracting target 11476-11489.
Intraday resistance at 11636 nearby where sellers can start taking thier steps for target 11476-11489 if breaking down 11545.
The general trend, however, is expected to remain bullish. General elections on April 11.
Ibul, Ready for supply?Ihave mentioned things.
Either breakout and boom
or a downside?
or a fake breakout which i hope doesnt take place.
NIFTY, An IMPORTANT WEEK.In my previous analysis about nifty, i have a perspective of bearish market for weeks and month but now, this week is really important because the price has touched that level several times, resisting, going down, again taking control on naked unnaked zones, and in the end not giving up breaking above.
Thus, this week is really important. I prefer waiting for appropriate priceaction setup on any levels, on going down or obviously going above.
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