Today will be gap up opening in BANKNIFTY. After opening if banknifty sustain above 48550 level then possible upside rally of 400-500 points upto 48950 level & this rally can extend another 400 points if market gives breakout 49050 level in todays session.Any Major downside only expected in case banknifty starts trading below 48450 level.also possible reversal...
Index has made an ATH at 11120 on 23 Feb 2024 and swing low on 20 Mar 2024 at 10054. A swing of nearly 1066 points. A lower high was made on 12 Apr 2024 at 11030 and a higher low was made on 19 Apr 2024 at 10532. Again a swing of 498 points. Current swing high on Friday is 11000 nearly. So clearly above 11000 we may challenge the lower swing of 11120 very soon....
Nifty respects levels for every timeframe according to Fibonacci Series. 0.0, .38, .62, 1.00 For 29-04-24 Book Profit If you have ANY in holding. Head & Shoulder Pattern will emerge. It gives bearish signal to change the Uptrend into downtrend after some futile effort to close above previous high. Now “Sell on Rise” will play for next few months. Stay In...
Index is still consolidating in raising wedge pattern But RSI is giving divergence which hints towards limited bullishness If raising wedge is broken broken on upside with RSI trendline breakout it would bring strong rally
Bank nifty closed at 48200 .Due to Parliment elections ,market is so volatile but not going anywhere. for next two days 48500 and 48000 are crucial levels .only we can expect 400 points rally after breaking 48500 or below 48000. so short strangle is the best option of 48500 call and 48000 put .
Disclaimer : Educational ideas only. You are responsible for whatever you choose to do from this analysis. From the chart, we see two very powerful upsloping resistance lines in green, one from a decade ago, another from 2020 low. In addition, we see a bullish flag like consolidation under the resistance line, but in RSI, we see lower highs and lower lows...
Which is better NSE or BSE? Market Capitalisation and Volume NSE generally has a higher market capitalisation and trading volume. Especially, compared to BSE due to its larger number of listed companies and higher trading activity. This might make NSE more attractive to institutional investors and those seeking higher liquidity. How To Become a Professional...
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...
Hi mates and friends, Here i am sharing again an educational post and this time it's all about Swing trading as you might have guessed after reading the title so sharing some insight on this topic below mates !! Swing Trading: A Strategy for Riding Market Waves Swing trading is a popular trading strategy utilized by investors seeking to profit from...
The chart shared itself is self explanatory. My plan will be as follows : In case 1, I will buy 48300CE when Banknifty touches 48359.55 and shows any confirmation on M1. In case 2, I will buy 48300PE when Banknifty touches 48231.6 and shows any confirmation on M1. In case 3, will buy 48400PE when price touches 48359.55 and shows any confirmation on M1 . Also ...
Banknifty forming Head and shoulder pattern and neckline is placed at 46743 if it breaks the 46743 then Banknifty becomes bearish
29 APR 2024 WORLD MARKETS 1. US markets are consolidating with a negative bias. 2. Europe and Asia is consolidating with a positive bias. INDIA VIX AND GIFT NIFTY 1. INDIA VIX is below 11. GIFT Nifty is indicating a 75 points uptick at 22490. This amounts to 48400 for Bank Nifty. INDEX HEAVY WEIGHTS 1. HDFC Bank is consolidating with a positive bias. It has...
NIFTY Intraday Trade Setup For 29 Apr 2024 Bullish-Above 22630 Invalid-Below 22580 T- 22810 Bearish-Below 22380 Invalid-Above 22430 T- 22145 NIFTY has closed with a gain of 1.23% last week. Index is still trading sideways in the parallel channel. Till the time index trades between this parallel channel direction trades in short term is risky. 21700 and 22800...
As per friday price action tell us monday market open will be gap down . if market showing any revarsal between 47560 to 47760 you can plan a trade for buying .... and last hope for buyers level is at 47170 . blow this last buying level 47170 you can see any 30 min candle close . market turn in to selling trend with blood bath..........
NIFTY seems to have been in a bullish channel since Dec23. No trade plans yet. Watching this channel
Hi Nifty 50 is making Dark Cloud cover pattern in daily time frame and is in parallel channel in 15min and 5 min. The market may open gap down due to bearish signal in daily time frame but being good support near 22400, precisely 22385. Market may push beyond that point to 22355 making all to enter short side and then bounce back sharply to hunt SL of all short...
as we can see despite the strong trend, NIFTY failed to close above our median and got rejected leading to unidirectional fall. Hence as long as NIFTY couldn't maintain itself above the given median, we can expect more of sideways to negative market so plan your trades accordingly