NIfty50 : 18 August. morning analysisGood morning, traders.
Analysis for thursday still remains intact. On thursday, market opened in the range of last trading session and remained in that range, thus the price action was kinda choppy.
my plan for today:
case 1: 19460-19300 remains no trading zone.
case 2: if the market opens below or crosses 19300-280 zone, will short for immediate target of 19200 and secdond target of 160.
case 3: if market opens above or crosses 19490, will go long for the target of 19640.
Thanks for reading, Have a great weekend!
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Disclaimer: This is my trading plan and i am just sharing it here. I do not intend to post it here as a trading advice or suggestion. It is shared here only for the sole purpose of sharing and discussing with fellow traders. Do your own due diligence and trade responsibly.
Tradinglevels
BankNifty Future Analysis for Today 2nd June 2023BankNifty Future Analysis for Today 2nd June 2023
As per our #analysis for #BankNiftyFuture, we are expecting these Intraday levels today, kindly check the charts on 15 min time frame and act accordingly.
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Disclaimer: All the provided levels are for #educational purpose only, please do your own analysis before doing any trade in the live market or consult your #financial advisor before act.
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Bank NIFTY- Possible Trades on 27-05-2022Making a massive rally of more than 700 points in the second half on monthly expiry, Bank Nifty has successfully managed to break above the recent strong zone 34700-34800. While the Nifty Bank did close above 34800, one can observe price- momentum divergence in the shorter time frame and this could indicate the possibility of a correction. If the correction does happen it can be used as an opportunity for adding to long positions closer to 34700-34800 levels. The immediate upside targets or Bank Nifty can be 35360-35580-35660. For the day and next expiry we maintain the view that Bank Nifty is likely to trade between 35660- 34700. Trades can be taken closer to either of the boundaries looking for a move to the next boundary. One may profit by buying ATM Calls or Puts when the price comes near to the price boundaries mentioned above.
Levels for the day and immediate expiry
Upside levels - 35360/35580/35660
Downside levels - 35050/3492/34810/34720
Disclaimer:
Center for Research in Financial Markets and Economy (C- FAME) is an initiative of the School of Business & Management at Christ Academy Institute for Advanced Studies, Bengaluru. The views presented here are for educational purposes only. C- FAME or the author does not take any responsibility for the trades initiated based on the view presented here.