NeelamN

NeelamN

Banknifty broke yesterday's low 35890 went down to test immediate support of 35500 and took resistance at the same point 35890 where it broke yesterday's low. Good example of support broken turns into resistance. Now the price is in downtrend in smaller timeframe, it is still sideways on one higher timeframe. Closely looking at the price it has made a upside...

NeelamN

Rangebound expected May surprise in afternoon session... Look for patterns as explained in chart... Happy Trading !!!

NeelamN

Banknifty was unable to breakout of 36200 resistance decisively with confirmation followup and was hovering at the same level for a some time before breaking down to make a higher low. Considering this as a upward channel move, one may go long for targets upto channel resistance. Contra view - If breaks the range below 35600, short covering may trigger targets...

NeelamN

Nifty shows a Double Bottom at the Test of Gap Support. T1 and T2 marked as shown in chart. Happy Trading !!!

NeelamN

Bank Nifty Broken out of triangle as drawn in previous post. Retest is also done. Hope to continue upside as per our view. Breakout of 36200 may give T1 and then T2 Targets as shown in chart. Contra view : If goes down then may test the gap support.

NeelamN Updated 

Nifty seems to have completed a correction wave ABCDE False breakdown of last trading session will be confirmed by tomorrow's price action. If it opens flat, gapdown or gapup and continues upwards conquering previous sessions high, then this view is valid. Else, breakdown of previous day's session may also give targets upto immediate support which is 15450 - 15440

NeelamN Updated 

SBIN has shown a good volume breakout We can trade on any dip to get better entry near our stop loss. Happy Trading !!!

NeelamN

Banknifty had a volatile day and did not break highs or lows as planned yesterday... Case 1 : Now, for tomorrow if price opens flat, still it will travel within the triangle lines to make a consolidation flag before breakout or breakdown is my main view. Case 2 : It has formed left shoulder and head, also a bit of right shoulder but price did not reach the...

NeelamN

Bank Nifty - Ufff !!! What good profits in two days !!! Thank You Almighty Market ! Now, we may expect a correction or a consolidation phase (expiry day also) If it makes a confusion candle in 1st 15 minutes, it may be a sideways expiry then. (good for straddle / strangle) Else wait for consolidation for a while, mark high and lows and may play for breakout or...

NeelamN Updated 

Bank Nifty gave a breakout supporting Nifty to cross 16000 mark and above As discussed yesterday, flag breakout above 35000 yielded faster gains. New Support is at 35000 now where the breakout happened today & Resistance @ 35200 (today's high) Now, Looking at the vertical (pole like) movement in price, my expectation is that price must halt for a while (take rest...

NeelamN Updated 

Bank Nifty Resistance @ 35000 Support @ 34600 It has made a flag pattern Breakdown of which may give Targets T1-34450 T2-34115 If we see for breakout of the flag, (also breakout of long inclined trend line and retest of the same with long wick hammer) only above 35000, near Targets T1-35200 T2-35350

NeelamN Updated 

SAIL has given a good volume candle today. May take a swing trade placing Stop loss as today's low. Look for better entry.

NeelamN Updated 

USDINR is stucked between 50 & 200 EMA Hence, the strategy applied is Short Iron Condor Sold ATM CE & PE Bought OTM CE & PE to cover Sold Options / Hedge Break Even Points Downside BEP 74.11 Upside BEP 74.64 Max Profit expected : 12%

NeelamN

Nifty has shown a V-shaped recovery in last session. However, 15800 is still not taken out by the bulls. Resistance seems strong @ 15800 Tomorrow if Nifty breaks the inclined trend line and then after consolidation breaks the support, it will give you a good trade downside. & if Nifty in any case shows stronger move after consolidation upwards with any 15 min...

NeelamN Updated 

Tata Steel Flag pattern Breakout expected... Buy the dip if you get Target for short term 1420

NeelamN Updated 

ICIC Bank is trading in a range which is narrowing. Breakout or Breakdown may give a good trade. Long Bias. Happy Trading

NeelamN

Banknifty was volatile between Resistance 35100 & Support 34900 today. View for tomorrow : Breakout or breakdown of these levels can be played only after a 15 min candle closes above or below these levels. Upside has better playground than downside. Happy Trading !!!

NeelamN

USDINR in Channel Taking Support and Resistances in the channel drawn. Looks downtrend in near future. Happy Trading !!!