Stoictrader07

Stoictrader07

Surely this won't open flat tom, Still sell below 37690 partially. Then add more below 37600 level, for the target of 37400-37300. Upside Buying only above breakout of 38000 which is a very strong resistance for BN. The target upside will be 38200-38300. Fib retracement near 0.618. Again market will be very volatile India Vix is at 18.8. Trail SL Manage position...

Stoictrader07

Simple analysis. Nifty looks bearish it almost tested 0.618 Fib level twice. And looks like Double bottom confirmation. Short below 17690 can expect very good R:R since the market looks in bearish sentiment. Nifty should sustain above 17800 for buying. Buying target 17900. Maintain trailing SL and manage risk well.

Stoictrader07

Immediate resistance 38350. We can go long only above 38360. Short after a breakout at 37580-37550. Keep strict SL and 1:1 R:R for tomorrow. market can be very volatile NSE:BANKNIFTY R for tomorrow. market can be very volatile.

Stoictrader07

Avoid trading tomorrow between this range. Trade after the breakout. My view is bullish Since we saw last hour short-covering and heavy buying happened. The market will be very volatile tomorrow. VIX is around 18.5 Up 2.67%.

Stoictrader07

Simple things work. Power of price action reading.

Stoictrader07

38000 is a round level, Selling pressure we can see below 38000 Level. Target 37850, 37750. Plan for buying above 38300. After breakout and restest and BN makes a bullish candle Go long.

Stoictrader07

CMP- 17548 Sell below 17535 Target 17460,17400 Buying above 17620. But avoid buying since there is no proper target.

Stoictrader07

BN will be bearish below 36900. Target 36700,36600. Buying above 37050-37100. Target 37200,37300. CMP-36987.20

Stoictrader07

Keep it simple, Buy above 36500 after retest and bullish candle. Bank nifty on its Daily time frame support. Avoid downside trade. Upside target 36600-36700.

Stoictrader07

Buy above 17380 breakouts and retest. Sell below 17280 breakouts and retest. I mentioned no trading zone because there we have immediate support. I'm Bullish on Nifty Since it's in a range and gave close near upside of range.

Stoictrader07

Trade after breakout either side can give 1:2 trade. Buy above 36850, Sell below 36590. Trade with strict SL. I'm more biased towards the downside.

Stoictrader07

The same chart is on the 4Hour chart beside this post.

Stoictrader07

Formed Bearish channel, Also a Head & Shoulder pattern. A breakout above 5220 Levels can give you a great trade. Target 1: 5520, Target 2: 5608, Target 3: 5702. SL: 5050. Trade only after the confirmation and as per your own risk.

Stoictrader07

Since tomorrow is Expiry, I'm expecting this move within this week.

Stoictrader07

XAUUSD go long near to 1835 . TP1:1890, TP2: 1900 SL: 1810 Look at RSI & CCI

Stoictrader07

Expiry analysis