Today BankNifty opened with a Gap-up around 33810 and after making a low near 33680, it breaks the important resistance of 34000 and we saw good 300 points upmove from 34000 zones though the movement was slow.
Tomorrow if BankNifty sustains above 34400, we can expect another up-move.
Expectations for Tomorrow: Volatile day.
Buy Above 34400
Today will be slightly gap down opening in banknifty . After opening if it is sustain above 34000 level then expected upside movement upto 34950 level. Further upside rally only possible above 34950 level. 34000 will act as an immediate resistance for today's session. Strong downside of 400-500 points possible if banknifty starts trading below 33550 level.
Please have a look into the chart to get all details, I have tried to draw everything as much i found according to my study.
This Analysis has Based on Harmonic Pattern, Fibo & Price action.
Note:- Any of the mentioned levels will be considered for LONG or SHORT, when a fresh candle starts forming above or below the level respectively.
If agree with the...
Trade Setup for 18-05-2022
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up...
If Market Opens as a-
GAP-UP: Support of R@2 (BUY) – Rejection of PDH (SELL)
FLAT: Support of R@1 (BUY) – Rejection of IMP (SELL)
GAP-DOWN: Support of IMP (BUY) – Rejection of IMP (SELL)
Happy Learning and Trading
Rules to fallow...
Option trading is an exciting process and almost every market participant has at least experienced the thrill of trading options, almost all the time with unsatisfactory results.
To avoid such accidents an option trader seeks different tools to trade sucssessfully,
The most important of tools are the Option Greeks and they are usually...
BANKNIFTY Intraday Trade Setup For 18 May 2022
T-34600 34800 35000
Buy_2- From 34000
T-34300 34600 35000
BANKNIFTY has closed with 2% gain on Tuesday. It went as per our plan. We planned to buy above 33800. It closed at day high at 34300. It gave 500 points gain. This was smooth. Now 34000 will act as a support. No aggressive...
Banknifty trading at the supply Zone but is Bullish, I plan to sell in the Supply Zone (But not sure), so be active on this post to see my live positions and Trades
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The chart is for study purposes only!!
bank nifty option trading...
Today will be slightly gap up opening in banknifty. After opening if it is sustain above 33550 level then expected upside movement upto 33950 level. Further upside rally only possible above 34050 level. 33950 will act as an immediate resistance for today's session. Strong downside of 400-500 points possible if banknifty starts trading below 33450 level.