Nifty important support and resistance for tomorrows intraday trading.
BankNifty Analysis - Stance Bullish ⬆️ The beauty of BankNifty today was that its fall did not go below yesterday’s close. Yes, the fall was intense, but the recovery was more elegant - a steady rise showing immense Bull strength. And if you read today’s report along with what we wrote yesterday, you might have become a true fan of the Bulls. A true jump above...
Hello Everyone. I have provided bank nifty trades and targets above. The market was in a very bullish today. Let the resistance or support range break with 15-minute candle before going for any trade book profits every 50 points as we are getting very few trending moves. If we do in between these zones premium eating will happen and we end up seeing losses.
Nifty Analysis - Stance Bullish ⬆️ Recap from yesterday: “This is because if Nifty50 reverses, there is no way BankNifty can maintain the positive momentum. For tomorrow we wish to start with the bullish stance itself and go neutral if the 22295 levels are not holding.” Absolutely crazy price action today, we fell a whopping 315 points ~ 1.4% after hitting new...
Hello Everyone. I have provided nifty trades and targets above. The market was in bullish and bearish today. Let the resistance or support range break with 15-minute candle before going for any trades. If we do in between these zones premium eating will happen and we end up seeing losses. Book profits every 30 points as we are getting very few trending moves.
NIFTY Levels for Today Here are the NIFTY Levels for today. Please note, these levels are only for Intraday. The levels identified above can act as support or resistance, although they are shown as three different supports and resistances. The SL (Stop loss) for each BUY trade should be the previous RED candle below the given level. Similarly, the SL (Stop...
BANKNIFTY Levels for Today Here are the BANKNIFTY Levels for today. Please note, these levels are only for Intraday. The levels identified above can act as support or resistance, although they are shown as three different supports and resistances. The SL (Stop loss) for each BUY trade should be the previous RED candle below the given level. Similarly, the SL...
Nifty is following the Trendlines as I posted on 1april. Today morning Nifty touched 22346 and then reversed, it is moving between the Trendlines, now awaiting a strong green or red candle to break the trendlines and decide the move, CE or PE? lets see. For my learning and digital records purpose only.
BANKNIFTY Intraday Trade Setup For 5 Apr 2024 Bullish-Above 48260 Invalid- Below 48150 T- 48800 49150 Bearish-Below 47700 Invalid-Above 47810 T- 47350 46970 BANKNIFTY has closed on a positive note with 0.92% gain today. Both side moves were seen in today's session after a long time. We saw an increase in candle's size and which is due to Expiry and RBI Credit...
NIFTY Intraday Trade Setup For 5 Apr 2024 Bullish-Above 22620 Invalid- Below 22570 T- 22830 23030 Bearish-Below 22300 Invalid-Above 22350 T- 22090 NIFTY has closed with a 0.36% gain today. It was most volatile day after many days, maybe due to RBI event tomorrow. It opened with a big gap up and 10 o'clock range was to be used as per trade setup. Range broke...
Nifty opens hug gap up and broke three days consolidation strike. Nifty has made record high of 22619 level but didn’t survive at top. Bear took charge and made days low of 22303 level, nifty recover almost in last couple of hours. Nifty has formed a big red body candle with long lower shadow, which indicates buyer were buying from lower ends. MACD is giving...
Nifty witnessed both sides momentum on Expiry Day Today was a Trending day * For Education Purpose Practice and Learn price action setups
Analysis A five wave decline from 107.34, the high on Oct 03, 2023 to 100.62, the low on Dec 28, 2023. In Elliott terms, this impulse structure tells us that the movement at the next larger degree of trend is also downwards. Within this impulsive structure, wave (i) is a Leading Diagonal, wave (ii) is a Flat which neatly predicts a Zigzag wave (iv) by...
Today Market witnessed both sides momentum *For Education Purpose Practice and Learn price action setups
DXY with strong super cycle uptrend targeting 111.60
Banknifty is in process of making a head and shoulder pattern price rejected from 47400 area if continues and breaks the support of 46950 area it will again test the lowerside levels of 46000 to 45800 about 1250 points.And to otherside of view if 47400 failed to hold and price sustains above upperside it will look to test 48000 and further up. keep checking...
#Banknifty spot -Positional call 04.04.2024 Looks good above 48260 Closing Stoploss 47200 Tgt 49400/50800 Cmp 48060
NSE:NIFTY_MID_SELECT Maximum Call writing buildup of 11.36 Lakh is at 10800 strike followed by 6.66 Lakh at 10700 Strike and Put writing of 12.55 Lakh at 10700 Strike followed by 10.30 Lakh at 10800 Strike. Index is closed above support level of 10800. Index is expected to trade between 10700 - 10880 level with resistance near 10800 level. If Index is...