The very basic foundation of technical analysis is 'anticipation'. The anticipation could be based upon historical facts or data. On the basis of assumptions drawn from the historical data we can predict the future course of action, or at least try to do so. The anticipation, however, could go wrong if data is not backtested. The anticipations based upon properly ...
Price action is consolidating within narrow range. Bullish above the resistance 10840 - 10860 for the targets 10920, 10980 and 11120. Bearish below 10760 for the targets 10680, 10620 and 10560.
Starting from 10334 it seems currently we are in (iv) of (C or 3). wave (iv) retracement level 10740-10693 can be buying opportunity with stop loss of 10655(Not so accurate). From that buying range nifty can bounce up to 10838 and further it can also extend up to 10865-10941.
Nifty though moved in expected lines, corrected much more and reversed with a vertical fall and V-shape recovery last week.
The targets given were based on sub sub sub waves as confirmation for the clear sub wave yet to emerge. As on today the Nifty offers a number of probabilities challenging the analysts saying “catch me if you can.”... A number of ...
High and Tight Flag on a straight Flag Pole. If a breakout happens, target may be about 100 points from the top of the Flag. However, at that target a negative Divergence will be seen which may encourage profit booking.
OI Table: 10000 Put and 11000 Call -- both strikes are almost at the same height. This indicated rangebound move. 10500 Put has increased ...
This sharp decline from 10941 to 10334 is seems like personality of wave C. And recovery towards 10941 after that sharp fall is also indicating that it might be an irregular correction pattern was completed from 10645-10440(as A), 10440-10941(as B) and 10941-10334(as C).
As per this wave count 10974-11126 is the minimum target range, even if wave started from ...
Assigned Free Float Market cap weightage is Flat.
No Big Money Injection or Big Withdrawals are happening.
Option Writers with any Advanced strategy deployed might have earned 15 - 20 % today. Due to the flat nature.
Market Internals/Breadth tools gives you clear Insight in to Direction and Strategy. No other other Indicators have this kind of advantages. ...
nifty has consoildated between a 40 point range from last 2 sessions ... the ATR of two days as well as the next session will bring a one side move of average 150 + point ... crucial level already given in chart!
Assigned Free Float Market cap weightage seems to be Flat
No Big Money Injection or Big Withdrawals are happening.
Use Market/Volume Profile to find the value areas in any RANGE Bound Market.
Real Value area of BankNifty 26720 - 27000, Any Initiation can be triggered only above or below the value areas(Concept Auction Market theory)
Keep a close watch on ...
BANKNIFTY MANAGES TO HOLD ITS 200-DMA
EXECUTING LONGS IN BANKNIFTY 20TH DEC OPT WEEKLY
BUY@55
STOP@25
TARGET@155
LOT:20
QTY:50(20*50)
PLEASE CHECK YOUR SLIPPAGE COST
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