Bigbear2022

Bigbear2022

As discussed , Bank Nifty opened near resistance , sold off , day low was made near our support and good rally which went above to close above resistance level. Overall good day with large tradable range. Decision range for the day 32156-32213 Resistance for the day 32354 Support for the day 32076 Expectation Rallies getting sold off , expecting 32076 to...

Bigbear2022

As discussed Bank Nifty shot to our resistance level quite early in the day and spent the day around those levels. Decision Range 32126-32152 Support for the day 32013 Resistance for the day 32240 Expectation Initial rally might get sold , support of 32013 might get tested My trade I'll try to short calls near resistance

Bigbear2022

As discussed Bank Nifty made day high at our resistance and fell back to spend rest of the day in decision range. Overall , good day. Decision Range 31995-32043 Support for the day 31851 Resistance for the day 32140 Expectation Range bound , Sharp reversal in last hour My trade I'll look to short puts at support

Bigbear2022

Apologies for late post. Decision Point 31931-31988 Support 31824 Resistance 32153 Expectation Support of 31824 to test today My trade Short calls at resistance

Bigbear2022

As discussed , Bank Nifty hit our resistance and stayed there for quite some time , once the resistance broke after 12 pm , it was a breakaway rally as expected. Decision range for the day 31536-31623 Support for the day 31439 Resistance for the day 31801 Expectation Range bound with mild dip in last hour My trade I'll look to short calls near resistance...

Bigbear2022

As discussed Bank Nifty made a high 31337 which was 2 points from our resistance level. It made a low around our support zone , although last hour volatility pushed bank nifty further to 30996 where it could not stay for 30 min and we saw a sharp reversal towards close. Overall , good day for those who just watch price action to make trading decisions. Hopefully...

Bigbear2022

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...

Bigbear2022

As discussed yesterday , bank nifty made a low 20 pts from our support of 31099 and made a high 20 pts away from our resistance level. Low for the day was 31122 and high was 31537. It managed to enter decision range but never threatened to turn a range day into a trending one. Overall good day Decision point for the day 31335 Support for the day...

Bigbear2022

As discussed yesterday , we tried buying calls near our support zone of 31520 , however market broke the support without holding it for even 15 min. We booked losses and then market never went above support zone and decision range was out of question for whole day. Rest of the day bank nifty trended downwards unabated as multiple trendlines got smashed along with...

Bigbear2022

As discussed yesterday, Bank nifty made a high of 32126 , fell off to enter decision range low 31731 and found support twice in the day, third time it broke 31731 and made a low 31628 , 20 points from our support of 31607. Overall great day for those who watch price action alone as we witnessed good sell off in last hour. Decision range 31769-31880 Support for...

Bigbear2022

As discussed yesterday bank nifty found support at our support levels and went up to hit our resistance level. It retraced back to decision range and went to close at day high blasting through the resistance in last hour. Decision point 31731-31893 Support for the day 31607 ( might be tested tomorrow) Resistance for the day 32190 Expectation Rangebound ,...

Bigbear2022 Updated 

As discussed yesterday , bank nifty broke our support of the day and never came back above it triggering stops on long side. Decision Range 31655-31722 Support of the day 31432 Resistance for the day 31868 Expectation Rangebound , sharp rally in last hour , might challenge 31868 My trade If bank nifty opens below decision range , I'll long calls at...

Bigbear2022

As discussed yesterday , Bank Nifty found a top at 32024 and traded below decision range for whole day. Bank Nifty found a support near our pivot support level , with an intraday low at 31720 closing right near the decision range. Decision range for the day 31862-873 Resistance for the day 32018 Support for the day 31721 Expectations Trend day , close at...

Bigbear2022

As discussed yesterday Bank Nifty broke decision range 32028 and went down to find support at our level 31807. Low for the day was hit at 31770 and high for the day was 32086. Decision range for 2nd Dec 31926-31942 As we can see decision range is very close to today's close so we should expect minor afternoon volatility. Resistance for the day...

Bigbear2022

As discussed yesterday 31024 was final resistance for the day and we tried shorting calls. Market dropped for the only time in the day from 31040 and moved up to break resistance for the day and kept trading above the resistance which acted as support whole day. Market never went below our decision range so no put trades were executed , however, we had to bear...

Bigbear2022

As discussed yesterday , Bank nifty found resistance at 31890 and dropped back to pivot range. I just wanted to mention that bank nifty low was 31734 which was 20 points above our pivot point range, but corresponding nifty levels were 12046-12065 and nifty made a low of 12055 which obviously provided support. Market rallied back to close near resistance level....

Bigbear2022

As discussed yesterday 31754 was too much of a resistance for bank nifty. It corrected till pivot range and rallied back sharply from there in late afternoon. Decision point range for 27 Nov - 31656-31699 Resistance for the day - 31890 Support for the day - 31503 Expectation - Since the pivot range is very narrow , I expect very choppy session or a session we...

Bigbear2022

As discussed yesterday , range day converted to trend day above 31122 and broke resistance to close at high. Call buyers above 31222 and put sellers gained handsomely. Key Levels for tomorrow - Pivot range for decision making - 31322-31480 Resistance - 31754 Support below pivot range - 31207 Expectation - Rangebound for first half , sharp rally in afternoon...