Banknifty Moving in Range From Last 2 Trading Session...no Opportunity for Option Buyer and Hunting on Sl on Both Side ... Now 39500 (R) and 39300(S) to Be Watched...price Need to Sustain Above or Below Either Side for Good Momentum..till No Trading for Option Buyers. :) ****EDUCATIONAL****
Index is looking week and Data is also Week Support is 39300 if broken we can see 39000 down level in coming session. On the Upside 39500 is Resistance :) ****EDUCATIONAL****
Banknifty Upper resistance breakout done now waiting to hold the price ...levels are givne on the Chart Play Safe and in Small Qnty. :) **** EDUCATIONAL****
Banknifty Live Levels for 22-03-2023. We have Highest Open Interest At 400000 Level acting as Resistance as per Option Chain Data. Sentiment is Sideways to Upside. as premium are high writer taking advantage of premium eating to make market in the range of 39500-40000 level :) **** EDUCATIONAL****
Expecting a Bounce Back from Support Area...We must refer major weightage sotcks of BankNifty for Confirmation.... :) ****EDUCATIONAL****
Gapup and Profit Booking Followed by Strong Support at 17000 level as per Open Interest Data... We will look for buying side on dip near to 17000 level with strict SL :) **** EDUCATIONAL****
Gapup the Profit booking market is throwing out week buyer and strong support lies at 39000 level. We will look opportunity on buying side on breaking our resistance level. :) **** EDUCATIONAL****
Continuous Selling and Global Pressure...driven Index Down now i am expecting here to halt and trend to change in coming days. :) ****EDUCATIONAL****
We are Near to our Pivot Date 09-March-2023 as price already reversed Let See How it Will behave in future..... ****EDUCATIONAL****
We have Seen day by Day Selling...Now i am Expecting Market to Halt here for sometime and reversal may happen. Anyone entering Long must have strict SL...Do not fall in HOPE Let See :) ****EDUCATIONAL****
Pressure to remain in Both Index. Keep Trailing SL and Keeps eyes on BankNifty Major Stocks like HDFC,AXIS KOTAT and SBI :) ****EDUCATIONAL****
Pressure to remain in Both Index Keep Trailing SL :)
Banknifty Intraday Levels for 08-02-2023... Sentiment is Positive but Data is Week....41500 important and crucial level :) **** EDUCATIONAL****
We have seen tremendous fall in Adani Group due to Statement by Hindenburg statement. Now Price has Squared the Time as per Calculation ...Expecting Price to halt at this point or went to Consolidation zone. Price must respect the 50% fibonnaci level mention on the chart (2367.80) if on any circumstances price went below this then...Stock may suffer more. Let see...
Maruti Given a Good Breakout in Last Session. Gann Fann and Fibonacci levels are drawn on the Chart. Also Mind the rectangle given expected a halt zone or can say accumulation/distribution zone for next move in Maruti. Price is already above Fibo 50% Important level so we are bullish on it. Will Enter any trade on breaking my levels on either side. EDUCATIONAL :)
This is Just my Findings, Please comment your views. :)
Fabulous Recover in Last Momentum due Short Covering, But Still index is in pressure....Level re given on chart..... for any long position we need to observe the Composition and heavy weightage stocks of Index.... Play for Small profit with proper risk management. :) NEED TO KEEP IN MIND THIS MOVE WAS DUE TO SHORTCOVERING..... PCR : 0.75
After Some Recovery Index , Sharp Selling Hunted all Long Players. Now Index is at Very Crucial Zone. Levels are given in the Chart :)