KarniKripaa

KarniKripaa

Market is in retracement, so far no sign of weakness. Minor corrections will be there for it to make new highs In short term sell on rise looks good In medium term buy on dips looks good. wait for right set up and trade with high RR probability trades. buy at support & sell at resistance is basic funda to follow

KarniKripaa Updated 

1. Flag & pole pattern breakout 2. 9 months consolidation 3.Entry before breakout has its own benefit

KarniKripaa

4 days of struggle & yesterdays downside rally, only shows price is finally getting into retracement until yesterday was expecting price to touch again the ATH again before further push down, but sellers are aggressive and did not even cross 19866 levels sell on rise for intraday is suitable can if good pull back comes can short positional

KarniKripaa

No proper price action , no clear trend, no clear levels to play out, stay cautious. Nifty is bearish and BN has no sign of bearishness, jut retracement. So big move is not possible as both index are not in line, BN may hit the target first then reverse and get in line with nifty.

KarniKripaa

Nifty is not able to pull back & selling pressure is coming on every time it is try to pull back. Most likely all the early sellers will be trapped by sharp recovery. Also selling at already discounted price is very risky, lets price get in to premium for a good entry point to short.

KarniKripaa

While BN is yet to achieve its short term target. Combining with nifty, while nifty fill then gap BN can make its short term target and then reverse with nifty. Stay cautious, and do not trade random.

KarniKripaa

Sever fall on Friday after very strong rally on Thursday. What it has done is damaged the sentiment of the market for short term. It is advisable to wait for clear direction to take positional trade. On intraday break of channel can be played out as upside but the gap created on friday can be filled before the fall begins.

KarniKripaa

Nifty perfectly gave steep move as mentioned when got channel breakout, now all we have is support on dips. only buy is suitable if want to trade with main trend, however counter trade can be also an opportunity for a pro trader but simple and easy trade plan is to wait for price to come to your buy level to capitalize your hard earned money. Say "NO TO RANDOM TRADING"

KarniKripaa

Nifty had very steep rally, so nothing much to analyse, where BN structure is still trade-able as support zone is nearby. Buy on dip suitable, more then intraday, positional trades are more beneficial. watch for first hr to confirm the clear direction small scalp trades would be good, big move is less probability.

KarniKripaa Updated 

Banknifty managed to close at top of the day. Also 2 days range has gone tighter in triangle. Also we have expiry tomorrow, we can get good move by tomorrow or day after if not tomorrow. RR is not suitable with current set up on chart, intraday may be we can get good buy on DIP trade. Nifty is more clear then BN as yet.

KarniKripaa Updated 

Nifty worked well with buy on dip, as explained in yesterday's analysis Now tomorrow is expiry and market managed to closed above today's high which is also a ATH. must break this channel on upside to see steep move on the upside Lower levels of the channel can act as support.

KarniKripaa Updated 

Nifty most likely to open gap up tomorrow. If it does do not go long at resistance, wait for dip to breath and then trade the breakout, or trade at reversal of the dip. Most likely that will be the low of the day. Buy on dip will have better RR trade set up then trading short side on break of today's low.

KarniKripaa

Banknifty price action is bit dicey. A little more dip could be give a good RR trade set up, if gap down, If gap up opening then better to wait for clear direction , minimum retracement can expect is upto today's close to fill the gap and then upside rally can be seen.

KarniKripaa

Today's rally was very sharp and steep. Breakout of ATH is difficult, but most likely it will give breakout with gap up, but sustaining the price above ATH is bit doubtful. Can expect a gap to be filled after gap up opening. We are positional long, can book partials at gap up opening and watch the market to pyramiding at retracement or ride the balance qty...

KarniKripaa Updated 

1. Price is in downtrend Channel 2. Friday closing shows probably breakout on Monday or latest by Tuesday. 3.If Price give retracement then Positional trade keeping stoploss below the support and targeting the new ATH. 4. RR 1:6+

KarniKripaa

1. Nifty made new ATH on friday with very strong closing 2. Market has no resistance now 3. Suitable trade set up in only buy on dips from intraday to positional trade 4. Trade only at support areas with 15-20 points SL and reward upto 1:4-5 RR trade set up for intraday 5. No random trading

KarniKripaa Updated 

Banknifty is in downtrend channel. Sell on rise is high RR trade set up for intraday. 44500 & 44000 rounding number can halt the price. Nifty re touched near to ATH again today but back made 3 day's low since both are not in line, big move may not come.

KarniKripaa Updated 

As posted yesterday sell on rise was the trade plan for the day and same worked well. For tomorrow or day after most likely buyer's may get trap by pushing the price higher and then fall. Let's wait for the price get close above ATH and sustain to open new longs