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...
Nifty support and resistance levels are valuable tools for making informed trading decisions, specifically when combined with the analysis of 5-minute timeframe candlesticks and VWAP. By closely monitoring these levels and observing the price movements within this timeframe, traders can enhance the accuracy of their entry and exit points. It is important to bear...
The market (NIFTY50) is currently trading at 22436. However, it's important not to blindly follow the buy or call side under the yellow box, as it signifies a sideways zone. For the past two days, I've observed a sideways market with premiums not showing significant increases. Here are the levels and analysis for the NIFTY Monthly Future Traders: Once the...
NSE:NIFTY picture says it all!! may be i would be wrong just shared what i observed
Nifty 50 Wave Count And Targets optional counts are in perple Minimum after Ending Diogonal Target 1 21763.10 if turns from here then 21956.45 - 22149.80 Target 2 21487.85 Target 3 21137.20
Far Out of money Strangle. Looking at the current volatility, have taken a comparative safer strangle in bank nifty Combined premium of 44 x 1 lot that is 660
BNIFTY : As told earlier took long call at 47150-its 50DEMA for a target of 47500-600+ with a SL of 47100(For educational purpose only)
Any hourly closing above 21911 then upward momentum 📈 to price level marked on the chart Closing below 21804 📉 📉 in any 1hr 🕯 then more corrections is possible 21804 --- 21910 ( No trade zone ) sideways Disclaimer: It's a personal view not a financial advise and I assume no responsibility and liability whatever outcome arises.
Short Nifty June 23000 Call near cmp 260 - 265. It has broken a trend line which started in start of 2024. It is moving in a range for nearly 2 years and has failed to cross the upper trend line, it can test lower support which may coincide with previous major low of Nifty 21710.
Note - One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells at "where" to act in "what direction. Unless it triggers, like, let's say the candle doesn't break the level which says "Buy if it breaks", You should not buy at all. ======= I use shorthands for my trades. "Positional" - means You...
As we discussed, Banknifty has been falling for the last four sessions. If we look at the charts: The market is reaching near the support trendline, which is going to provide a potential support zone for Banknifty. if we look at the OI: PCR = 0.67 shows the market is in a bearish phase. 47000 is going to provide a good support zone as it has good PE...
BNIFTY:Entire market is bleeding,BNIFTY failing to hold 46600 on a closing basis would trigger fresh sell off by another 500+ points. For me any raise till BNIFTY convincingly holds 47100 its likely to be sell on raise.for me any long trade only when BNIFTY holds above 47100 its 50DEMA(For educational purpose only)
The Nifty is making new highs on the weekly chart, but it seems momentum is being lost, since the RSI is not moving in the price direction. A Bearish divergence is visible on the charts. Further, there is a 220-point gap between 20510 and 20290. This region also coincides with 50 EMA. If Nifty breaks from its current support region of 21850–21530, it is likely to...
Bank Nifty (banknifty) index weekly major support trend line will decide its next move. It is safe as far as trade above the line. On the other side, a major correction will start if closed below the trendline. Stay tuned and keep a close eye.
"Good morning, friends! Here are the directions for April 19th: The global market trend is bearish, supported by the Dow Jones, while our local market sentiment also indicates a bearish trend. It might open with a gap-down start, as suggested by GiftNifty, showing a -350 point decrease. GiftNifty indicates a long gap-down, so I don't know where it will be open....
"Good morning, friends! Here are the directions for April 19th: The global market trend is bearish, supported by the Dow Jones, while our local market sentiment also indicates a bearish trend. It might open with a gap-down start, as suggested by GiftNifty, showing a -350 point decrease. GiftNifty indicates a long gap-down, so I don't know where it will be open....
Looking back into daily chart and trying to find similar scenarios in the past which may be a copy of events happening right now in the chart