bijoy2526

bijoy2526 Updated 

watch my previous chart target 1 was touched by nifty. It was expected to retrace from that level as who had been long on it earlier they tempted to book profit. This is only retracement. follow me to get index and stock ideas. don't forget to like my post

bijoy2526

After 1 st hour red candle nifty had a nice pull back to touch the high of today almost. Two possibilities are there. nifty crosses today's high and breaks the channel and in that case we can see target 1 and target 2 to be achieved. However after that we may get sufficient retracement to rise again. if nifty does not breaks the channel and unable to cross...

bijoy2526 Updated 

This is positive for nifty next target is center line of the channel. Of course due to expiry tomorrow there may be volatility. FII selling in cash market only 579 crores . Just imagine the day when FII turns net buyer what will happen! don't forget to like my post. follow me to get updates

bijoy2526

Cleverly drawn channel ensures its breakout once it moves out of he channel. It appears its seventh week long correction is coming to an end. let us wait for tomorrow for another higher high and higher low Don't forget like my post .follow me to get updates

bijoy2526

I had asked to sell at 17154 I think it just went above it 17160 today sgx nifty 17030 tomorrow down ward movement of nifty may continue or not only breaking of today's low will tell those who have position keep stop loss now 17160 critical level for nifty 17128,17159 in the upside. Today's candle is doji candle. In hourly time frame nifty is still in over sold...

bijoy2526 Updated 

Nifty is already in oversold condition how ever if panic selling continues it may go down further 17154 resistance for nifty this level can be considered for shorting with strict stop loss above 17233 if nifty gaps down may face resistance at 17074 if crosses it then may face resistance at 17154. will try to update when market opens tomorrow. This is my study...

bijoy2526

Today retraced 61.8 percent of recent rally. Now it rests on the channel line through out the day Didn't violate the channel. Most of the public sector banks some private sector banks have nr7 day today searching for direction. Hence imminent break out of Bank nifty seems to be on the card, I may not post regularly here as I found out most are just viewing my...

bijoy2526

There was clear signal for intraday reversal when 3rd hourly candle was doji followed by red candle breaking the low of that doji. Bank nifty could only retrace 23.6 of recent fall after that it faced selling pressure in 3rd hourly candle with appearance of doji. Bank nifty has retraced today more than 38.6 percent of recent rise. Probability of going down to...

bijoy2526

Two positive things today happened. Though bank nifty violated yesterday's low it bounced to close above the 20 period moving average on weekly basis. It has has respected the 61.8 percent retracement level. next target for bank nifty to close above the orange line shown in the chart. Increasing FII selling certainly a matter of concern. Hence long positions...

bijoy2526

This is the last hope for bulls. if bank nifty retraces retracement will be quite fast. this is my study not any trading recommendation. please go through y recent posts. don't forget to like my post. follow me to get updates.

bijoy2526

just touched the next level. I think most of my followers must have earned earned. wait for the channel line to be touched. I will analyze and post. mean while don't forget to like my post. follow me to get updates. please watch the attached post

bijoy2526 Updated 

Some more correction expected from bank nifty if it breaks the weekly low. It appears 'c' wave correction is going on final c wave should unfold in 5 wave it seems that has not been done yet. I have done detail analysis of bank nifty in daily time frame . It appears bank nifty my drop to the channel line shown in the diagram. as nothing rises in straight line or...

bijoy2526

Following observations I noticed by closely watching the structure of nifty . First time after many days It is detached from 20 dma In last 15 trading days we had only two green candles rest were red candles. After so many days stochiastic is dipping in to oversold condition. If stochiastic cross over takes place in oversold condition we can have nice divergence...

bijoy2526 Updated 

It appears its retracement has ended. It may rise from here. keep it in your watch list. after its rise from July to October it has undergone correction . I was looking for this level for its bounce. It has come exactly to this level offering a buying opportunity.

bijoy2526

Both nifty and bank nifty were consolidating today and both had narrow range. let us see if expiry can prevent its expansion tomorrow. as tomorrow is expiry panic buying and selling may result in their expansions. Bharti airtel having weightage in nifty may initiate movement in nifty and sbi will be coming out with its result during market hour. will give ...

bijoy2526 Updated 

with stop loss at this green candle low. It appears we can get bounce here only look for FII selling in 2nd half today. other wise set up nice for long position. one can go long with 39700 ce with strict stop loss of 190 now 218. want to connect with me? you can.

bijoy2526 Updated 

Bank nifty swiftly retraced and pulled back. in nifty too correction is not going to last long. it has touched the channel line ,let us see if pulls back from here or not. if not it may fall to 38.6percent retracement zone. It appears to me nifty will bounce back soon. Keep an eye of metal sector particularly with ferrous ones this time. Indeed on Friday I was...

bijoy2526 Updated 

this chart shows the retracement of wave 3 of wave 5 final wav exactly nifty has retraced 0.236 percent of wave 3 even positive earnings did not move bajfinance and titan up normally these things happen during 5 th wave .due to high valuations stocks don't turn up and down grades from rating agencies Normura then today by Morgan Stanley technically one wave up...