it appears to me it may rise . support for bank nifty are 37421,47550 and resistance 37705. As sgx nifty is suggesting we may have gap down opening so better to buy at near lower support with strict stop loss as shown in the figure. or we should wait to see how 1st one hour candle behaves. during this high volatility it is really difficult to predict the...
On its up journey reliance may face resistance at 2472. But its journey may continue after that, There is one positive news for reliance let us see if it faces resistance at that level or not. It is very hard to think when reliance is bouncing how nifty is not. no other heavy weights not supporting it. except relaince all other trading below their critical moving...
the recent rise in bank nifty is not impulsive the rise even could not touch the uml of the pitchfork in hourly time frame Excepting European market all other markets are trading below 200 dma and rise in gold also indicating shifting of fund. but please keep an eye on stochiastic in hourly time frame any divergence may result in spike in bank nifty. any short...
Even before touching 200 dma bank nifty has reversed. lml of he pitchfork provided support to it. arrow marks in the chart are probable targets. it is positive for bank nifty as it has recovered 20 period weekly average. don't forget to like my post . follow me to get updates. Support for bank nifty for tomorrow 37572,36798,and 36657 if it trades below 36657 it...
We can expect appreciable movement tomorrow. Of course there is news about the banks ABG shipyard scam. Of course this news has not surfaced recently. It was under investigation not a new scam. I think market should not react to this news. Global market weakness is there. Indian market may react to that. As long as this higher low is maintained Bank nifty is in...
Please go through my yesterday post. I had shown precisely the target. 39000 pe was 39 went high as 140 everybody must have earned handsomely don't forget to like my post. follow me to get updates.
from that it has reversed. of course i had asked my followers to go long right at the when bank nifty at that zone. we can get big move of bank nifty tomorrow as rbi policy day. Today's range appears to be narrow range. Twice in recent times I have picked when bank nifty had bottomed out and when was topped. don't forget to like my post. follow me to get updates
Still down side possible. let us watch if it breaks the trendline or not. don't forget to like this post follow me to get updates
Bank nifty weekly close with positive note It now all depends on how market reacts to sbi result. my target for sbi was 546 earlier it has touched that .next target 604. I have not seen any broker's recommendation but I think some broker will give target in that region. let us see. as per bank nifty it has to take out the Uml of the pitch fork to proceed...
I had mentioned 2 targets for bank nifty. Both were achieved Yesterday. Today's candle and yesterday's candle perfectly touched the uml of red pitchfork.(yesterday's high 39386 and today's high 39424 both touched perfectly that uml line)and due to expiry I think 39100 and above calls turned zero. then what next? weekly trend is positive, minor dip due to...
Every thing explained in the chart. it appears now 3rd of 3rd of 1 st wave of final 5th in progress. I am looking for nifty to break out of the channel . Till now every thing pointing it as an impulse wave. don't forget to like this post. follow me to get updates
after lot of volatility it manages to settle above trend line. today it opened just above the trend line and dropped to trend line and rallied to make high then dropped below the trend line and recovered to close above it it may test recent high and if crosses that may touch the resistance line. This is my study not any trading recommendation. I was initially in...
It appears SAIL ready for a bounce. though its impulsiveness yet to be proved at least we can get three wave bounce from here. if it bounces in five wave we can be sure of its uptrend. follow me to get updates. don't forget to like this post.
trend line proved too much it. Bank nifty just cooling down from over bought zone (stochiastic) I was observing in 5 minutes time frame its high was to touch the trend line in the 1st hour towards the end it went near it and then subsequent fall took place. Baring last hour it was trading in a tight range. It appears if it breaks today's low it will go back to...
Please recall my post of 20 th January. I had suggested two probable wave counts. 1st one was it mat be 4 th wave retracement of third wave. But as it has invaded in to the territory of 1st wave that is not valid. 2 nd one I had mentioned that nifty may have completed 5 wave and it is 2 nd wave retracing, I had mentioned that clearly but only problem there was I...
seventy five percent of the targets reached already . how do you like this? don't forget to like this post. for more updates follow me.
Watch after touching the target it is retracing little bought 37100 pe 383 sold at 503. don''t forget to like this post. follow me to get more updates
7100 pe up from 34 to 114. no further selling at this stage, please wait for pull back. follow me to get updates. don't forget to like this post. please go through related ideas on nifty and bank nifty