ChartMantra

ChartMantra Updated 

Good evening all, Today was a day where just waited and waited some more. Tomorrow, may not be different. We need some tough levels to broken for the market to trend again. So: Long side view: Buy above 36320 Target 1 - 36425 Above this trail your SL (Long SL - 36175) --------------- Short side view: Sell below 35930 Target 1 - 35820 Target 2 - 35720 Target 3...

ChartMantra Updated 

Good evening all, I am going to stick my neck out to optimistically be 'long' here. If not that, 36250 - 36000 is the range where it'll be. 36320 is a strong resistance level that has been tested 2wice before. We need that to break and then we will fly to the moon and back. As you can see, short is tricky. So: Long side view: Buy above 36230 Target 1 -...

ChartMantra Updated 

Good evening all, Like I suggested yesterday, the market was rangebound between 35950 - 35780 most of the day today but for the last 15 minutes where it broke it's intraday resistance of 35960. For tomorrow, the morning is going to be very important where I reckon a pullback to 35960-50 and then when it crosses over 36000 again, a 'long'. I don't see a short from...

ChartMantra

Good evening all, It was a good day for trading. No? Met the first target on the 'long' side in 15 minutes after a pullback and then achieved two targets on the 'short' side. Tomorrow is the weekly expiry and the index is poised at a level from where it will either climb up to around 300-400 points or be sideways within a range of 200 points. Short looks tricky...

ChartMantra Updated 

Good evening all, Today was a bad day at the office. Had a stop after a very long time. The market was mostly in range a slipped drastically after activating our 'long' entry. While it did offer us, is 100 points, Apologies for the final target not being met. For tomorrow, the day will be as tricky as today and we need to be careful. The market is in a range...

ChartMantra

Good evening all, Today again was a range-bound day and our entry levels were not activated. For tomorrow, across time frames the view suggested by the chart is either range-bound or if it breaches 36200, then, an upward climb of about 200 points. Nothing indicates a southside move as of now and will need to wait for the morning to provide us with better clarity....

ChartMantra Updated 

Good morning all, *Descriptive analysis alert* Friday substantiated the saying, 'money saved is money earned. The index was in the range we had marked out. Any trade taken would have been troublesome to say the least. For what's in store for tomorrow? On the daily chart, it did move above the 35800 mark up till 36200 (dynamic support line working as...

ChartMantra Updated 

Good evening all, Today we achieved our 1st target against our view and then it went North providing us with a good run from the bottom. For tomorrow, my view is neutral. Long side view: Buy above 36120 Target 1 - 36220 above this, trail your SL (Long SL - 100 points) --------------- Short side view: Sell below 35660 Target 1 - 35545 below this, trail your...

ChartMantra Updated 

Good evening all, 36000 done!!! Now let's do 36500. We'll then see about 37300. So what's in store for tomorrow? Well, with the run that we've had for the past 2 days, patterns indicating room above and importantly 36000 breached, we may see a surge. Hence my view stays bullish. Long side view: Buy above 36220 Target 1 zone 36425 - 36500 Target 2 zone 35050 -...

ChartMantra Updated 

Good evening All, What do you think is going to happen tomorrow? I'd love to read your views. Because if you ask me, the index does not show any clear indication. If I were you, I will wait till the market settles down for around 60 minutes and then take a call basis the trend.

ChartMantra Updated 

Good evening all, Despite the mostly sideways market today, we were able to reach the first target. For tomorrow again, my view stays on being 'Long' as the trend of making higher lows continues: Long side view: Buy above 34860 Target 1 34940 - 34950 Target 2 zone 35050 - 35200 Long Target 3 - 35340 above this, trail your SL (Long SL -...

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Good evening all, Friday was non-tradable unless you were scalping and stuck between the SL zone we had marked. For tomorrow, since we have been seeing higher lows and 34750 being tested multiple times, long is a good possibility; Long side view: Buy above 34780 Target 1 zone 34840 - 34850 Target 2 zone 34940 - 34950 Target 3 zone 35050 - 35200 Between this zone...

ChartMantra Updated 

Good evening all, Today was a rather devious expiry ---- of the sellers, by the sellers & for the sellers. Our long side SL was saved by 6 points and then it hit the 1st target. While my view for tomorrow is long, I will be watchful of the move down as well; Long side view: Buy above 34850 Target 1 - 34950 Target 2 zone 35050 - 35200 Between this zone and above,...

ChartMantra Updated 

Good evening all, What a day for us. Today, the index was true to its nature.... VOLATILE and how? Hope you did make a bunch. So what in for tomorrow? Well, monthly expiry and expiries are seldom boring. So, while we get excited, we must be watchful. My view for tomorrow too is neutral; Long side view: Buy above 34600 Target 1 - 34759 Target 2 - 34840 Target 3...

ChartMantra Updated 

Good evening all, Like I mentioned yesterday, not a good sign or a place to be for BankNifty traders. Nothing is indicative of a confident trade. We need to be careful and we will be... How? CLOSE of the candle is very IMPORTANT. And, we will exercise our patience. My view for tomorrow is neutral. So; Long side view: Buy above 35000 Target 1 zone 35180 -...

ChartMantra Updated 

Good evening all, A sideways market is never a good sign. It means, indecision and a potential reversal. So, are we going to see a downtrend? Maybe, maybe not. Having said that, my view is still bullish for where it still is. So; Long side view: Buy above 35140 Target 1 - 35230 Target 2 zone 35350 - 35380 Target 3 - 35475 (Long SL -...

ChartMantra Updated 

Good morning all, Friday was like that Hindi movie where the Hero reaches his destination to vanquish the villain, only to find his mother tied to post and has to drop his weapon.... Our targets were missed just like that (~30 points on each side). But that's past and let's look ahead. My view is bullish for tomorrow based on the current position of the index...

ChartMantra Updated 

Good evening all, Today was a gap up opening of 200 points and gave us an entry on the long side level to meet our 1st & 2nd targets at 35000 (just 11 points shy of 35K). And, I am indecisive on a directional view for tomorrow as the no-trade zone for me is huge, ~500 points actually. Outside of that; Long side view: Buy above 35000 Target 1 - 35125 Target 2...