Trade_with_Raghu

Trade_with_Raghu

market has shown a small pull back but trend is still bearish. sell on rise is still the way to go. Long side : buy above 17170 or retest at 17130 stoploss below 17130. target 17200,17270, 17300 short side : buy below 17060 stoploss 17080 targets 17030/17000/16950.

Trade_with_Raghu

Nifty followed the trend line support and supply zone. The index is presently at a previous support/resistance levels. in case of gapdown opening and move down , downside levels are 16850/800/750. 16850-750 is strong supply zone and should help nifty bounce back. in case of breakdown below 16750, we could see fall till 16400 for week. upside resistance/targets...

Trade_with_Raghu

Markets have shown pull back for the last 2 sessions, with recovery from low point of 16850 to 17100. 17100 has acted as support levels previously and is a strong support zone. the upside immediate resistance of 17145/150. in case of any gap down opening or flat opening and downward movement. the levels for retest are 17100. in case of gap up opening or flat...

Trade_with_Raghu

Expecting gap down opening around low of today and then move downside. pe side can be looked at below 38900 with sl at 38940 for downside target 38800/38630/38450. not seeing much on upside.

Trade_with_Raghu

market to continue having negative outlook on account of continuing global meltdown. expecting gap down opening of about 80-100 points (around 16900 levels). can look for Pe side trade below 16935 with sl of 19650 for target of 16900/19874/16755/16650. not much on upside. can look at Ce side trade only above todays day high 17210, though the R/r does not appear...

Trade_with_Raghu

buy if sustain above 17200 for target of 17250/300 sell below 17100 for targets of 17050/17000/16950

Trade_with_Raghu

Markets likely to have a low gap up to flat opening and an early fall owning to overnight positions being squared off. in case of falls and sustain above 17730 levels on 15 min chart can look for long position. keep in mind that 9/3/23 is expiry day and hence it would be better to trade on next expiry. upside expectation can be 17775,17800,17840. no downside...

Trade_with_Raghu

Expecting Gap Up opening. The present level is at support and BN appears to be stronger than nifty clearly giving a HH and HL pattern indicating a possible reversal of long term trend. plan would be to buy above 41400 for targets of 41540/41628. in case of break down of the trend line then option would be to sell in small quantity below 41160 for targets of 41060/40925.

Trade_with_Raghu

After a near perfect rally on Friday, market is likely to again open Gap-up Today. From the start of the last continuous down trend (20/2/23), Friday high was at 50% on Fib Levels with last candle negative on 1 hour time frame. although market has given a high low, it has not given a higher high to signal trend reversal. this could be a pull back and hence trade...

Trade_with_Raghu

likely to have gap down opening. As per OI data, max put OI is at 40500. if markets falls below 40500 levels, then it will be a sideways market with expiry to 40500 levels. however if markets manage to remain to be above 40500 at least for 1 hr we will see puts unwinding and this should help markets move up, the target could be 41000.

Trade_with_Raghu

nifty expiry day range likely to be 17350-17550 as per OI data. Market likely to open gap Down and then is likely to remain range bound. going by OI data max call are at 17500 and max puts at 17400 hence expecting rangebound sideways expiry day. we might see occasional spike on unwinding of some positions hence look for trading the momentum . likely to be highly...

Trade_with_Raghu

BN is likely to be rangebound in range of 40000-40400. better to avoid today unless either 40000 or 40450 is decicevely broken

Trade_with_Raghu

likely to have a flatish gapdown opening. 17350 will be strong resistance. on gapdown opening and retest at 17350 levels, enter for the down side targets are 17250/17200,17151,17138 with stop loss at 17370. if after gap down opening and crosses and sustain on 15min chart above 17370 then we might see a small upside up to 17400/450. can enter with a small strict...

Trade_with_Raghu

expecting a small gapup. wait for the index to test the 40550-40600 zone on 15/ min chart. if manage to break on upside, target till 40800 is possible. if not we could see fall back to 40000 levels with 40100/40000 remainaing a strong support zone

Trade_with_Raghu

nifty has likely bottomed out at 17300 levels and has managed to break the channel on the upside. the global markets have also closed in green . expecting a flat opening with max down side upto 17300. upside till 17550. for short trade on retest enter at 17380 with sl of 17400 to targets 17350/17327/17300 for long trade enter above 17420 with sl at 17390 for...

Trade_with_Raghu

Nifty is largely in a downward channel and the downward slide is likely to continue as market outlook is bearish. the critical levels are 17550/17430. if gap-up opening or flat opening and upmove and sustain above 17550 on 15 min chart, then a small upside move till 17650 is on cards. however if the gap-down opening or flat open and down movement, short can be...

Trade_with_Raghu

BN is in a channel and the critical levels are 40100 on upside and 39800 on down side. BN is likely to give a gap-down opening on 27/2/23 on account of global ques and if breaks and sustain below 39800 on a 15 min basis could see down side of 39700/39600/36500. I am not seeing any upside possibility at least on the 1st half of the day. sell on rise should be the...

Trade_with_Raghu

BN managed to close/maintain 40000 levels yesterday. Markets expected to be volatile and gain higher grounds on account of global cues. expecting Gapup opening and retest at 40050 levels. upside targets will be 40150/40350. if falls below 39900 the short side can be considered till 39800/39650.