Important Levels for 04-08-2021 We have had a breakout and we just need a good follow through to continue our upward movement. Longs above 35350 can give us targets of 35450,35560 and 35700. SL can be kept at 35270. With call writers missing from action today, open interest is highly bullish which means we should not short unless we get some good -ve price...
Important Levels for 03-08-2021 The price did not find acceptance inside Friday's range and it did well to finish where it started. With the price still stuck inside the range, will wait for tomorrow to see which direction we can see a move coming. 34950-34980 will act as a resistance zone and we can look to take longs only after 35050 is breached with volumes for...
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Understanding Banknifty future Trades for 03.08.2021 (Tuesday) on the basis of support and resistance.
Backtesting results with NIKI BANKNIFTY Indicator. No chance to repent. For the Beck test, I consider Bank Nifty Future 1 Lot (75) with a 0.4% target and stop loss from the entry value. A maximum of 4 trades per day is considered. This is done on an intraday basis for a period of 1 year(2019 to 2020).
As Describe In Chart Trade Accordingly. Support And Resistance Lines Plot On Chart. Once You Buy or Sell Then Always Book Partial Profit. Do Not Wait For Final Target. Note: As We Seen Today After Opening Market Continue Sell Off In That Case Wait For Sometime To Take Entry In Either BUY Or SELL Side. Thanx.
34900 up side brack than by 34590 Down side brack than sell
Sustaining 34680 - 34720 will make the price to move towards 34860, 34980, 35120, 35340, 35560 and 35880. Bearish below 34580 - 34620 for the targets 34400, 34280, 34060, 33860, 33720, 33600 and 33480.
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HIgh 34916, 35300 Low 34632 34236
The Key targets are High- 34782 35188- Resistance Low- 34463 34153 33844 33681 Support
intraday reasearch analysis
understanding trades of banknifty future for 30.07.2021 (Friday).
Looking weaker compared to NIFTY, if we got downward pressure, can fall faster than NIFTY.
The Key targets are High- 34575 34845 34925- Resistance Low- 34116 33963 33681 Support
View is bearish and short can be initiated from 34800 levels