The_SharkTrader

The_SharkTrader 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.

The_SharkTrader 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.

The_SharkTrader 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.

The_SharkTrader

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.

The_SharkTrader

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...

The_SharkTrader 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+

The_SharkTrader

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

The_SharkTrader 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.

The_SharkTrader 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

The_SharkTrader Updated 

As analysed yesterday price hit upper zone to trap buyers & price fell smoothly also gap and upside move was also predictable with double bottom formation. now as per today's price action market can give momentum only above 19500 and below 19300. Bias is only sell on rise near to resistance. No random trading

The_SharkTrader Updated 

Banknifty is forming falling wedge with double bottom formation. Price may push to the up side. Best long trade set up is above 45650, price trade lower to it is only sell on rise with proper risk to reward.

The_SharkTrader Updated 

1. Bullish Chart Pattern (Invested H & S) 2. In line with Market 3. Trend is bullish 4. Breakout is pending, there fore risk is small 5. Risk to reward is favorable

The_SharkTrader

After continuous rally, nifty is retracing, now with that best trade plan is to sell on rise. Supports will turn into resistance, with new resistance you can trade with 15-20 points SL with 1:4+ RR trade set up

The_SharkTrader

Banknifty has broken its structure, that means price is getting into a retracement. Now on intraday its most likely to sell on rise. Wait for support to break and turn it into resistance or if gap up then short near resistance. There is also a probability that market can trap buyers by retesting a recent high and then fall sharply.

The_SharkTrader

Banknifty trade plan depends on the opening levels. Since market closed where it opened, but movement was volatile at rejection near to day's high. A good and safe buy would be above today's high and also if price sustain above it. A sell would be good when Price give breakout of today's high and fails to sustain above it i.e false breakout. Either way,...

The_SharkTrader

We are having exceptional move in Nifty. Nifty chart looks like a stock chart in momentum. We have Thursday expiry is approaching and tomorrow's market can make a base for expiry set up. Tomorrow play for a small movement like pull back unlike today.

The_SharkTrader Updated 

Banknifty did not break day's high yesterday, where is nifty did Banknifty seems to face struggle, so wait for a dip to make position for better RR trade set up.

The_SharkTrader

Nifty is holding better then Banknifty at upper levels Do not trade random, trade a pull back or a proper dip of at least previous day's high to be as support.