Utilizing the support and resistance levels of BankNifty, along with the 5-minute timeframe candlesticks and VWAP, can enhance the precision of trade entries and exits on or near these levels. It is crucial to recognize that these levels are not static, and they undergo alterations as market dynamics evolve.
The dashed lines on the chart indicate the reaction...
📈Keep an eye on Nifty Metals Index .
📈On 13th Feb Index has formed hammer candle which indicates trend reversal.
📈Metal index has taken support on trendline as shown into chart and started moving upwards. 📈Index has made triple top and triple bottom pattern on daily chat. We may see bullishness till 8348 level.
📈Stocks to watch into Metal Sector are as follow:...
Intraday traders sell Nifty @ 22325 - 22335 with the SL of 22370 for the marked targets on the chart with white line.
Sell Nifty: 22320 - 22330
To motivate us, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India
Nifty Trg 22020.
Tdy also is also imp trend change date. Mark H/L of tdy which ever side breaks expect further 200 points move in that direction. Bias Down .
I'm bullish in nifty 50, but currently i dont have any confirmation, so sitting still
i want to see the candle close above 22152 and then retrace back to the fvg.
My primary target is 22300
Bank Nifty levels given on chart. Personal view down .Expecting a sharp pullback of about 300 points . Keep Todays high as Stop for a short trade.
Look for updates.
NIFTY Projection Case Study:
Probability #2
Target Levels & Tentative Timings are marked in chart
In order to navigate the current market uncertainties effectively, it is crucial to grasp the specific stage of the market melt-up. Recognizing whether the market is in the early uptrend, an acceleration phase, or exhibiting signs of overbought conditions...
NIFTY Projection Case Study:
Probability #1
Target Levels & Tentative Timings are marked in chart
In order to navigate the current market uncertainties effectively, it is crucial to grasp the specific stage of the market melt-up. Recognizing whether the market is in the early uptrend, an acceleration phase, or exhibiting signs of overbought conditions...
Welcome To Trend Talk😊
How do the MACD and RSI indicators differ?
- The moving average convergence divergence (MACD) indicator and the relative strength index (RSI) are two popular momentum indicators used by technical analysts and day traders. While they both provide signals to traders, they operate differently. The primary difference lies in what each is...
Welcome To Trend Talk😊
All Levels in a Chart
Options Trading for Beginners
Options are a form of derivative contract that gives buyers of the contracts (the option holders) the right (but not the obligation) to buy or sell a security at a chosen price at some point in the future. Option buyers are charged an amount called a premium by the sellers for such a...
Bank Nifty Weekly Analysis For 26-02-24 to 01-03-24
46400-47400 is the Sideways range for Bank Nifty this week.
If Bank Nifty Sustains Above 47400, more upside possible and targets are 47880/48780.
If Bank Nifty Trades Below 46400, Downside Targets are 45980/45480.
Nifty is continuously testing the resistance zone showing signs of strength
Given the set up, one may consider a short strangle strategy
An example of Short Strangle
Sell Nifty 29 Feb expiry
21700 Put option around 160
22450 Call option around 140
Total incoming 300 points.
Max profit potential of approx 12% on Margin Capital
Inbuilt protection
- for a...
From the impulse wave I've drawn , It seems like NIFTY is due for a correction. on the other hand , we have a strong bull trend going on , Lets see how it works out.
