Please read this post along with the post on Nifty to get complete idea. Let's analyse BNF with relevant points:
1) Option Chain data: Option chain reveal the picture not revealed by Nifty. On PUT side, the highest total OI (5.99 lakhs) and higest fresh Put writing (2.90 lakhs) is at the strike of 27500. At ATM strike of 28100, OI build up (63,100) and Put writing...
TREND ANALYSIS
TRADE SETUP
Follow Chart Instruction.
Do not be Hurry for entry.
Wait for Proper Entry Setup.
Buy/Sell with Best Risk Reward.
Educational Chart Only.
You can Comment and ask the TREND ANALYSIS of any STOCK/SCRIPT/INDEX/FOREX.
Wait for entry setup, if available then short.
Bank Nifty spot closed at 28098.75 as on 13/09/19.
This is bank nifty daily chart.
CMP : 28098.75
Immediate resistence is 28282.62 then after 28483.32 and 28603.27, all the above blue lines are tough barriers.
Watch and count the blue pins under each candle and watch the price action.
From the first resistence of 28282 ish levels the index has cracked down nearly...
BANK NIFTY IS AT RESISTANCE .
SEEMS TO BE MORE BULLISH THAN NIFTY.
HOWEVER IF IT GAPS UP AND FALLS THEN IT MAY GET SUPPORT AT 28129 AND 28049.
RESISTANCE LEVELS ARE RETARCEMENT LEVEL IN THE CHART AND 200 DAYS SMA..
IF IT OVERCOMES TARGET MAY BE 28839
Confidence is a very important factor in trading and 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...
Understanding TICK volume is very important and most of the professional traders use this information and build custom tools to trade Nifty and BankNifty. They spend a huge amount of money and time to build systems that are good at understanding the behaviour of other traders.
Reading the general public and traders interest is very important to be successful in...
ONCE AGAIN SIGNAL SYSTEM PROVES: ENJOY 600 POINTS PROFIT TODAY IN BNF
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...
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