Nifty and Banknifty both saw a weak day today, with higher levels being rejected after a weak intraday momentum. While option decay was present, trying to go contra might have yielded a better RR as even though the broader bias appeared to be on the downside, we did see a few very strong spurts, especially the first candle in Banknifty. So let's analyse #nifty...
Support and Resistance Buy on dip
Nifty is just a smudge away from 16k! Private banks, Media and Realty stocks did quite well today, with PSU banks and many other sectors retracing. Interestingly, Banknifty saw some strength in the second half, but Nifty saw some selling. Let me break it down for you, candle by candle. Along with the top stocks, Reliance, HDFC Bank, Infosys, HDFC, ICICI Bank,...
Support and Resistance, Bank Nifty Downtrend channel breakout Buy on dip
Support and Resistance Buy on dip
btc rainbow , tarhet 2,3lakh$ till june 2022
nifty and banknifty both in sell. stop loss nifty 15841 spot for nifty and banknifty both.. thoko both
#Nifty50 and #Banknifty both saw some stiff resistances in today's broad-market fall. This could be profit booking considering how the markets have gained consistently so far. Generally, after a big move we have seen price consolidating or moving in a range-bound way, however today we saw several massive candles being formed. Option decay was fairly high, but...
#Nifty50 yet again performed better than #banknifty today. This is typical behaviour which we have witnessed for quite some time now. To show you the extent of divergence, Nifty's hourly RSI is 60+. Banknifty's is below 40. The main culprit for this were the HDFC twins along with Kotak Bank. They might be looking for a trigger for added momentum which has the...
Support and Resistance Buy on dip
Despite the lack of momentum in the first half, the markets were able to recover, with Nifty nearly touching 15,700. Banknifty showed strength, too As an option buyer, if you were able to manage the first half well (by either scalping or not trading), you could have entered using a simple setup in the second half to capture the rally. Overall, choppiness seemed...
Despite the weak open, the markets were able to recover in the second half, with Nifty nearly touching 15,600. While the short-term trend still appears bullish to me, we have seen a bit of consolidation of sideways correction after a fresh ATH is made before the next leg of the rally. Open interest data appears to have a bullish bias as of today's closing, but a...
FIBO day targets for bnf on 5 min basis
BANK NIFTY may join the party with Nifty already making all time high, the open interest buildup in Bank Nifty is suggesting huge upside and every dip is a Buy for Bank Nifty. Shorters beware. I am very bullish from 33000 levels in Bank Nifty.
The markets saw a little weakness post a dream run even though Nifty tested 15,600 levels. While the short-term trend still appears bullish to me, we have seen a bit of consolidation of sideways correction after a fresh ATH is made before the next leg of the rally. Open interest data appears to have a bullish bias as of today's closing, but a lot can change...
Yes, Peter right on both point. It never happen that 50% correction not lead 70% correction and BTC not give new all time high within 7 month. We use bitstamp chart to explain it which is from Aug 2011 while btc hit $30 in June 2011. That's why peter mention May 2011. But again as we said that charts are like sea and analyst search pearls in that. You will find...