Understanding TICK volume is very important and most of the professional traders use this information and build custom tools to trade Nifty and BankNifty. They spend a huge amount of money and time to build systems that are good at understanding the behaviour of other traders.
Reading the general public and traders interest is very important to be successful in...
Though I predicted earlier 31000 as bottom of wave (IV), had I not missed the ending diagonal of lower degree of wave v (marked as a wedge) of wave (IV) in lower TF, I wold have predicted end of wave (IV) correctly. The power of ending diagonal is evident from the 1000 point movement in a span of 2 days and less than an hour.
Wave (V) will be formed in 3...
Plan A: Fresh Entry Zone:
-- If it will come to 12055-70 and will sustain above this zone.
-- If it will come to 12020-12035 and will sustain above this zone.
Plan B: NF is trying to come out from the sideways zone. So Both Side Option Selling is not this option
and it may be risky. This is a buy on dips market.
Plan C: Avoid Short Position. The buyer will use...
ghstocktrading.webnode.comNIFTY 50: WEEK-TECH-SHEET-> 09thDecember2019 to 13thDecember2019
Nifty 50 moves around +266.55 pips from 09thDecember2019 to 13thDecember2019, in which nifty 50 break last week 02ndDecember2019 to 06th December2019 bottom 11888.85.
Bank Nifty: Uncommon Data Buildup
Plan A: Fresh Buying Zone
--- If it will sustain above 32120 for the target of 32260-32415.
--- If it will come and sustain above 31675-31715
--- If it will come and sustain above 31520-31575
Plan B: Avoid Short Position. The buyer will use every minor and major dip for a long position.
Very Strong Data Buildup on the positive...
Unlike Nifty, Banknifty (BNF) gave ample signals of what’s going to come in latter half. As written in my post about on Nifty, Nifty did not break its earlier high and low for more than 4 hours. But BNF kept on making higher highs and higher lows periodically, which clearly told us how the move was going to be in latter half. However, this was today and that is...
In first 10 minutes Nifty made a low and in first 35 minutes, Nifty made a high. Then for next 4 ½ hours it did NOT break those high and low levels. That told us 2 things – 1. If nifty was expected to go down after yesterday’s sharp upmove during last few minutes, it was not going to be, and 2. Since it was expiry day, second half move will definitely take place,...
As discussed , Bank Nifty hit our resistance and stayed there for quite some time , once the resistance broke after 12 pm , it was a breakaway rally as expected.
Decision range for the day
31536-31623
Support for the day
31439
Resistance for the day
31801
Expectation
Range bound with mild dip in last hour
My trade
I'll look to short calls near resistance...
Zones are thin which is a good thing, but then Uzone and Lzone are very close. Tomorrow's Nifty trading on zones is recommended only for skilled ones.... rest go for Banknifty zones instead.
Dont be a Bull, Dont be a Bear...Just try to be a Hare.
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