Buying or Selling during PANIC situations - Whats the plan.
Most of the traders are afraid of the Selling or Buying during panic times and having a plan with proper stop-loss is very good.
The answer is previous Sessions Point of Controls - So as a trader we always love to buy or sell at a discounted zone and fining the discounted zone is very important.
The...
Banknifty (BNF) finished as a strong red candle on daily chart with lower high, lower close but slightly higher low as compared to yesterday’s candle. So BNF was looking quite strong today but Nifty not supporting it too went downhill in 2nd half after European markets opened. Please check my video posted on youtube under name Market Movers India for slightly more...
Key Levels for BANK NIFTY are : t.me - JOIN TELEGRAM CHANNEL
Upper Breakout~31230
First Target~31320
Interim Resistance~31430
Final Resistance~31510
**Lower Levels**
Lower Breakout~31110
First Target~31050
Interim Support~30930
Final Support~30810
Please trade with caution and consult your financial adviser before trading. You can also join...
The level 31000 seems almost the bottom at present, but wave (IV) is not yet completed. The up move started at today’s fag end may continue upto around 31500-31600 and then will come all the way down towards 31000 but stopping just above it, touching the trend line, to complete the wave (IV). Still BANKNIFTY cannot be predicted that much easily. Might be going...
As discussed yesterday , bank nifty made a low near our support zone but it was very late in the day so I doubt if anyone would have made any money out of it. Bank Nifty tried to break our decider level twice but could not close 15 min above it. Overall a very dull day where bank nifty stayed in a range of 50-100 pts all day.
Decision range
31198-31272
Support...
Positional View #BankNiftyFutres for Dec Series. BankNifty Fut Triggers Point are 31940 is a Buy Break-Out Zone & 31860 is Break-Down Zone. kindly refer to the chart posted for a graphical understanding of above.
Lets discuss 2 possible Trade Setup.
1) Nifty Fut Break-Out above 31940 mark - > Heading for a Tgt of 3210 / 32700 on fut basis.
2) Nifty Fut...
Or not?
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The negative view on Bank Nifty
Note: It will fill the gap zone: 30750-30850 for sure buy when is a ?
Plan A: I already have a position in 30800 put writing and 31500 call writing.
Plan B: Sell Fut when it will test 31500 for the downside targets of 31100-31000
Option traders - See the Session Point of Controls and take the decision for Intraday trading. Apply Smart Money Flow analytics to see how the Cash flow is supporting your trading decision.
Understanding Nifty or BankNifty formation based on the Free Float market cap is the success of trading.
The chart explains the power of value-based Trading + Market...
KING OF REVERSAL'S - MAGICAL BREADTH TOOLS
Investors and traders saw the moment and started profit booking. Breadth tools have shown this pretty accurately on the change of interest in the market. Reading this information is very critical for successful trading in Nifty and BankNifty.
Apply Breadth tools to improve your trading skills. And reduce the dependency...
KING OF REVERSAL'S - MAGICAL BREADTH TOOLS
Except for Breadth tools, no other tool in this real-world market scenarios can capture the reversals so accurately.
Breadth tools will help you to read very precise information on how the volumes are flowing on an Uptick and Downtick.
Understanding tick volume is very important and most of the professional traders use...
Confidence is a very important factor in trading and a single trade can increase it or reduce it.
Why I always stress on Breadth tools? And how different are they from traditional indicators?
1. Breadth tools don't take the price of the asset in the account
2. Breadth tools will help us to see important information like "Number of Stocks Moving on UP TICK" and...
The reason why I mentioned trade today is one should enjoy trading intraday.
Don't guess tomorrow - Price is a subset of EVENT/NEWS + VOLUME, so we are not certain about the News/Events that flows into markets.
So keep guessing about tomorrow disturbs our sleep and peace of mind.
If you are trading in F&O, World's renowned statistician Steidlmayer mentioned...
A MARATHON OF SUCCESSFUL TRADING - POSITIVE CASHFLOW BY DII's
KING OF REVERSAL'S - MAGICAL BREADTH TOOLS
Except for Breadth tools, no other tool in this real-world market scenarios can capture the reversals so accurately.
Breadth tools will help you to read very precise information on how the volumes are flowing on an Uptick and Downtick.
Understanding tick...
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