MCXBULLDEX is currently trading at 17350 which is a long term resistance zone (17300-17700) for it. I'm expecting a profit booking in MCXBULLDEX from these level. I'm creating short positions at CMP 17350 & will be adding more short positions if 17650-17700 comes & Hold with 18000 as SL. I'm expecting minimum 1000 point fall from here & expecting 16400-16200...
NSE:BANKNIFTY Bearish Bias, small gap up or at last close. Red day. Open: small gap up or at yesterdays close. Bearish Bias. Should retest yesterdays low, if broken should go further low as highlighted. Should end in red. Model Prediction: (Caution: Models hallucinate sometimes): { 'Day': 'Tuesday', 'Date': '09-APR-2024', 'Gap': 'Up', 'GapChange':...
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...
Hello Friends, Sunday is a good time to count wave Nifty still in ending diagonal pattern Counts updated. We are in 5C of 5 of Ending Diagnal pattern and its last leg of ED and this prime impuls cycle. Regards
today bank nifty range 48500 - 49000. major support at 48500 OI data build side ways data
The FASP for BankNifty is listed for 09-04-2024. You can add this levels to your trade setup for better results. This should not be the only indicator but an additional tool to increase your winning possibilities. What is Fibolysis Anchor SupRes Points(FASP)? It is a unique level arrived by using Fibonacci Retracement , Fibonacci Extension , Standard Pivot levels...
Nifty Daily chart - Short more if get @ 22222- 22350 SL above 22650 Short for target 21600- 21200- 21000-20500- 20000-19500+++ I am expecting 13-13 K let C when can can get ( Super levesl for long term investment
Nifty CMP 22460 - Shorting Shorting Targets - 22160- 22000- 21700 - 21200+ Sl above 22650
The FASP for Nifty is listed for 09-04-2024. You can add this levels to your trade setup for better results. This should not be the only indicator but an additional tool to increase your winning possibilities. What is Fibolysis Anchor SupRes Points(FASP)? It is a unique level arrived by using Fibonacci Retracement , Fibonacci Extension , Standard Pivot levels...
Banknifty didn't match the performance compared to the nifty. However, it also has some bullish sentiment, so if the gap-up sustains, we can expect a rally continuation with minor consolidation. The reversal will be considered only if it breaks the Fibonacci level 38%, while if it rejects the major resistance level. An alternate view indicates if the gap-up...
Good morning, friends! Here are the directions for April 9th: The global market trend is still moderately bearish, supported by the Dow Jones, while our local market sentiment indicates a bullish trend. It might open with a slightly neutral to a gap-up start, as suggested by Giftnifty, showing a +60 point. Nifty made another new high yesterday. Structurally, it...
Nifty respects levels for every timeframe according to Fibonacci Series. 0.0, .38, .62, 1.00 For 09-04-24 More Volitality Stop loss for holding longs is 22250 (on closing basis) In Hourly Chart A Diamond Pattern is build-up. Breakout above 22580 will give 300 points upward rally up to 22848. Breakdown below 22410 will give you 300 points downward rally to...
NIFTY has been recovering the bullish momentum and made a fresh high of 22526.6 on 11Mar24. It failed to keep higher low and closed below 21860.65. It seems to be making a Head and Shoulder pattern. I'm watching levels 22289 and 22231 for potential reversals.
BNF tried to move past 46753, it failed and made a double top before testing 46546. This is a level that had previously pushed price to around 47000, however, with recent movement, it had been respecting a parallel channel formed in 15MTF. If level 46699 is not broken, we can expect a movement down, this will also fill the gap before moving to 46360. Note:...
There is good resistance at 46923 and support at 46546. If price opens near 46923 and rejects, it's a good opportunity to short. T1 can be 46699. T2 can be 46546.
An inverted Head and Shoulder pattern seen in BNF, 15M TimeFrame. neck line is weak, but 2nd shoulder is firmly in place. If price breaks the 3 resistances above (46700, 46850, 47000), it could make a good recovery most likely with a cup and handle formation. This recovery will most likely sustain and revert to a parallel channel in 4H TF.
On April 9th, FINNifty presents dynamic opportunities amidst market volatility. Traders analyze sector-specific trends for potential short-term positions, exercising caution in uncertain conditions. Breakout strategies require patience, awaiting clear market signals. Adhering to strategic risk management practices is essential for effectively navigating FINNifty's...