monikad22

monikad22

Bank nifty levels. Wait for the channel breakout or apply buy on dips strategy near support zone.

monikad22

Whenever a sustained bull rally is there, then a consolidation is very very important. Time correction is also very important.Bank nifty is consolidating from last 6 days. 35500 is a really good base for bank nifty which is acting as a major support level according to the charts and option chain data as well. So the probability of bank nifty breaking this level...

monikad22

nifty levels

monikad22

In the last week, Nifty was just consolidating. The breakout of this consolidation will give a really good upmove in nifty of 200 to 300 points. Nifty can go upto 15500 levels. According to weekly and monthly expiry, highest call writing is seen at 15500 level. So once this consolidation breaks, nifty can reach till this level. On the other hand, according to...

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Nifty PCR is at the end of the day was 1.258. Nifty has not yet touched the sgx nifty levels of 264. Tomorrow is expiry so be careful.

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Today's analysis- Today bnf gave a flat opening. The first candle on 15 min TF is a bearish candle, although the candle has a wick but the body of the candle is larger than the wick and close is near the low of the candle. This indicated that there is weakness in bnf, which was again validated by the next 2 candles(long upper wick shows price rejection by the...

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Axisbank is trading in a channel. There are chances that axisbank might break the channel in the upward direction. The major resistance level level for axisbank bank is 758. One can create new fresh positions in axisbank once 758 level is broken.

monikad22

BNF is trading in a channel. Wait for the channel breakout of BNF.

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Todays analysis- Nifty gave a gap up opening above the resistance level. The first 15 min candle was a doji which indicated indecisiveness in nifty. The second candle is an inverted hammer candle(upper wick), which showed that sellers are present. But the third candle was again a rejection candle which had a lower wick, this showed that buyers are not going to let...

monikad22

Bank nifty is trading in a channel. Wait for bank nifty to break the channel. The blue box is a strong support zone for bank nifty. The next major support levels for bank nifty is 34500 according to charts and option data.

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Today, nifty gave a gap up opening. The first candle on the nifty chart (15 min time frame) is a bullish candle. The first candle has a long body and a small wick, this indicated that nifty will go up. Nifty went upto 15130 levels and came down to near day lows, forming a double bottom pattern here(which is a reversal pattern). Here nifty formed a strong bullish...

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ITC weekly chart has given a really good breakout. You can go long in ITC for the targets mentioned. If ITC shows a correction then buying level is around 217. Stop loss at 202.

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Nifty FMCG index gave a correction from a very important resistance zone. But last week chart shows a strong bullish candle which can also be termed as bullish engulfing pattern. This indicates that FMCG index will again go upto the resistance zone and this time even might break the resistance zone and create all time highs. My conviction is strong in this case...

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SBI has given a parallel channel breakout after 10 long years on monthly chart. The targets after breakout of the channel are around 531 levels. . The RR ratio is although 1:2.8 if I keep a SL of 345.

monikad22

Nifty is following the trendline. So till the time nifty is following the trendline, hold your long positions. This is a very important trendline. If the trendline is broken with a strong bearish candle, expect a correction in nifty. The blue boxes in the chart are strong support zones of nifty. So these blue boxes are actually buying boxes from where nifty might...

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Today nifty made all time high around 15014 level but traded in a tight range today. If you look at the daily chart, there is divergence in the RSI value of previous swing high and today's all time high. The RSI divergence suggest that there might be a short correction in nifty. If nifty shows a correction, then apply buy on dips strategy. On daily chart, nifty...

monikad22

On 15min time frame, there is a breakout of inverted head and shoulder pattern in bata. You can go long in bata. The RR ratio is 1:3.5 with a target of 1646 and my stoploss is 1551. Also bata has not reached its pre-covid levels, so one can hold bata for a longer term perspective as well for atleast 1 year.

monikad22 Updated 

On 15 min time frame of hdfcbank chart, since the last 3 days its been trading in a channel, or rather I would say consolidating after giving a strong breakout on 2nd feb. So if hdfcbank breaks the channel in the upward direction with a strong bullish candle, then go long for targets of 1600 and 1700. IF it breaks in the channel in the downward direction with a...