RajendraNayak

RajendraNayak Updated 

On 1st sep, Nifty opened gap up and stayed above previous day high of 17142 making bullish move. It moved till 17229 during first 1 hour. However it could not sustain above that and long liquidation happened. Below are the trading plan for Nifty on 2nd Sep. 1. Now 17150 level will act as resistance. See price action near to that area. if this level is cleared and...

RajendraNayak Updated 

On 17th Nov, no major action happened in ICICI bank . ICICI bank gave a dip towards composite POC at 480 and bulls took control and closed near day high. This confirms bulls pretty much active in ICICI bank. ICICI bank is now on verge of a good upside breakout. Below are plans for 18th Nov. Basically plan remains same as 17th November. 1. Opening above above 490...

RajendraNayak Updated 

As per trade plan for 17th nov, BN closed at 29208 level giving clear upside breakout. One should hold positional long as per trade plan. HDFC bank already gave upside breakout and trading at ATH. So clear support from HDFCBank is there to BN rally. If ICICI bank joins the party, again 1000+ point rally can be expected. Below are trading plans for 18th...

RajendraNayak

Like Banknifty , HDFC bank gave clear breakout on the upside on 17th Nov . Now bulls are in control and hdfc bank is ready to go higher for ATH. Below are the trade plans for 18th nov. 1. One should be holding HDFCBank for positionally long for target open with SL 1389. 2. 1374 should act as a good support now. Any moves towards 1374 is a long opportunity with...

RajendraNayak Updated 

Like Banknifty and ICICI bank, HDFC bank gave a fake breakout on the downside on 13th Nov by breaking below 1360 level. Now bulls are in control and hdfc bank is ready to go up again. Below are the trade plans for 17th nov. 1. 1360 should act as a good support now. Any moves towards 1360 is a long opportunity with SL of 1353 for target of 1374/1389/1405/new ATH....

RajendraNayak Updated 

As per trade plan for 13th nov, BN opened below 28168 and hit first target of 27840 level. From that level, bulls took the control and made upmove towards 28500 level supported by ICICI bank Upmove. Now the profile is perfectly balanced with composite POC at 28420 level. Now BN range is in between 28160-28880. Below are trading plans for 17th November. 1. 28168...

RajendraNayak Updated 

On 13th Nov, ICICI bank opened below 472 level. However It was a failed breakout and bulls took control from there and closed at day high. this 472 level is now good support. ICICI bank is now on verge of a good upside breakout. Below are plans for 17th Nov. 1. Opening above above 490 and sustaining makes ICICI bank breakout on the upside. Go long positionally...

RajendraNayak Updated 

on 4th November, BankNifty played according to plan shared for 4th November. First dip was below 25750 and stopped at 25425 level which was a long trade. It never broke SL 24900 and closed near day high at 25800. Now 25425 will act as a very good support. Below are the plans for 5th November. 1. As long as 24900 holds, any dips towards 25444 is buy on BankNifty ....

RajendraNayak Updated 

HDFC Bank played according to plan shared on November 4. At closing, HDFC bank gave clear breakout from 1250 level. Now this level will give as support for further up move. Plans for 5th November almost remains same as 4th November. Below are the plans for 5th November. 1. Any dip towards 1250 is a buy for HDFC bank. Go long with SL of 1242 for target of...

RajendraNayak

As expected in Trading plan for 4th november, ICICI bank took support at 427 level. One could have taken long at 433 and added extra at 427 level. ICICI bank closed at 437. below are the trade plans for 5th November. 1. Positional long should be carried with SL of 425 with target of 455/468. Wait for dip towards 433 level and go long with SL of 425. 2. Any dip...

RajendraNayak Updated 

On 3rd November, HDFC bank gave good up move on daily chart with good volume. However it tested 1250 and never tried to break it. Below are the trading plans for 04 November. 1. If trades above 1250 and sustains above it on 30 min candle close, It will lead to fresh breakout in HDFC Bank. Go long with SL of 1242 for target of 1270/1300/New ATH. 2. Shorts should...

RajendraNayak Updated 

Finally on 3rd November, ICICI bank gave breakout on upside after breaking 427 level and huge volume. One could have taken long after first 30 min candle itself. Now this 427 level should act as good support. Below are trade plans for 4th November. 1. Positional long should be carried with SL of 425 with target of 455/468. Wait for dip towards 433 level and go...

RajendraNayak

on 3rd November, BankNifty finally broke 24900 and sustained above it giving a real breakout on upside. Unlike last time upside move, This time it looks like sustainable breakout supported by ICICI bank and HDFC Bank. Remember both HDFC bank and ICICI bank combined is more than 60% weightage in BN. Below are the trading plans for 04 November. 1. As long as 24900...

RajendraNayak Updated 

Bulls did a good job on 27th October to reach 24800. But on 28th October, bears took control and made BankNifty to fall to 24200 level by closing. As expected both HDFC bank and ICICI bank fell big. This is a bad signal for Bulls. Now 24900 will act as strong resistance for many days to come. Below are the plan plans for 29th October. 1. Opening below 24200 will...

RajendraNayak Updated 

On 28th October, ICICI bank opened near 410 level which is a key resistance level. It never tried to break that and went down to close at 396. Here are the trade plans for ICICI bank on 29th October. 1. Open below 393.5 is a good shorting opportunity with SL of 395.5 for a target of 389.6 2. Sustaining below 389 is positional bearish move for ICICI bank. Trade...

RajendraNayak Updated 

On 28th October, In 1st 30 Min candle itself, HDFC Bank broke the upper channel support at 1226, thereby confirming the move towards balanced auction profile POC and closed at 1209 level. Below is the trade plan for 29th October. 1. If Open and sustains below 1195, go short with SL of 1202 for target of 1180. 2. Sustaining below 1178 will make further weakness...

RajendraNayak Updated 

Bulls did a superb comeback from support of 23900 on 27th October. Market closed at 24757 which is near to POC before the fall. Below are the trade setup for 28th October. 1. 23900 will act as big support for many days to come. 2. Opening above 24900 and sustaining will give fresh upside breakout for BN. Long can be initiated with SL of 24800 for intraday target...

RajendraNayak

On 27th October, Bulls made Nifty to rebound from 11740 levels to close near to 11890 level, which is poc. Now Nifty is in the range of 11820-12020. Below are trade plan for 28th October. 1. As per setup, Multiple POCs are coinciding each other. Market is in balanced auction. 2. Long only above 12020 with SL of 11990 for positional long target of...