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pshivu

24Jan BN summary 1. FII sell Net -3751 Cr after selling on friday -3148 cr. FIIs are not interested in buying. So should we not move with smart money 2. Spot the first 5 minute candle. Make note, i immediately got ready with put and bought PE 37600 and booked my profit. Even a novice trader would have made good profit. 3. The last session has indicated 36700...

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BankNifty 24 Jan Plan 1. Hourly time frame looks bullish but higher time frame still looks weak 2. Monday I will like to see price action first 30-45 minutes. 3. Levels are marked. I will wait for prices to settle and wait to closely watch Price action at marked levels 4. Global indices closed negative on friday including the US market, FIIs are still selling ...

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Expiry 20 Jan Trade summary 1. Refer yesterday study and chart shared. The cue was given absolutely bearish although some had suggested a reversal. So one had to Buy PE to have made profits 2. Levels 38033 on yesterday chart given, spot the circled candle area at this level. This is the pattern that our naked eye must spot a clear rejection at key level of 38000...

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BankNifty Plan for 20Jan Bank Nifty absolutely looking bearish on Technicals but FII do exactly opposite of what is predicatable so tomorrow being expiry day recommended trading after 10- 10.30 to see the trend I will not be surprised if BN opens with a green candle and takes you upto 38000/38200 level and bring down the market by 500 points Resistance L1...

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Summary of BN 18Jan Trade 1. FII and smart money tricked the retail traders as usual. The market structure was already sitting very bearish therefore the expeted sentient was bearish and they took 800 points up and dropped. What a steep fall at level aready given on the chart 2. BN made a double top M and whenever a double top M like pattern the fall is big but...

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Summary of BN 17Jan Trade FII sold both equity -855 cr and futures -827 and even DII sold -115 cr 1. Exactly BN levels worked as shared on sunday study. Please refer to the previous chart shared sunday and please do leave a comment here if you agree that levels played. BN Support took support at 38200 and went like a rocket up to 38600 the Resistance level...

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Summary of 14Jan Trading session 1. Gap down opening and in the 2nd session this gap closed.2. The  first session saw a bearish fall and if levels were followed (check my 13Jan study, the level marked at 38400 breakout was given a sell call)- a 38400 PE buy would have given good profits.  3. BN went down and took support at 38000 level where maximum put writing...

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Summary BN 13Jan Trading session 1. Downside Trendline (drawn yesterday chart) breakout gave a good downside move and target. 2. Even when SGX Nifty was trading 100 points up opening candle gave a downside breakout. This was expected considering a bearish doji on 12 Jan daily chart. 3. 38400 was tested thrice and did not break and last session formed a W...

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Summary 12Jan BN Trade 1. Big Gap up and very frustrating day for intraday traders as the volume was missing options strike price saw very slow movement. Like everyone wanted to wait to see the IT big TCS, Infy and Wipro results 2. Market closed with a Doji on Daily chart. There is indecision in the market. Also today when Nifty was moving slowly up BN was slowly...

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11Jan summary 1. BankNifty Positive close as predicted for bullish close after testing 38500 level as predicated yesterday 2. Trendline drawn yesterday nicely respected (refer10Jan chart) 3. Strategy proposed was to buy at 38027 level if price comes down and it exactly gave bullish reversal at 38036 4. when sgx nifty was in red in pre open and opening first hour...

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Jan10 BankNifty Trade (PARTIAL GAP UP) *Bank Nifty Bullish prediction played out in today’s trade JUST as predicted bases the 38000 level break on 7jan trading day and Bullish trendline support lifting Bank Nifty *Jan10 todays levels played just as plotted on the Bank Nifty charts shared on Friday,Jan7. The BN opened exactly above 37939 resistance line on my 7jan...

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Friday, 7Jan, BN opened exactly at 37600 level, as published on Thursday and if it opened here the call was Buy. The 1st resistance level was 37861, apology for not plotting a green line above to indicate if it broke the 37861 go long for higher target. Summary 7Jan 1. 38000 resistance level broken and 38100 level tested. 2. 37500 strong SUPPORT LEVEL. This was...

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Tomorrow can be a Trending day over sideways market depending on which side martket gives breakout. FII have sold again. But what is interesting is that DII are buying on every dip. Trade without bias based on what you see on chart and price action.

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Last Trading session closed on bullish note forming a Bullish day candle on charts. Bank Nifty is expected to trade in range between 35300 and 35550 before upmove. I have marked my support and resistance zones. I will wait for price in these zones to trade and if it breaks 35550 and if i see confirmation bullish more my next trarget will be 35600-700 levels...

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NIFTY sustained and held 17200 and Bank Nifty above 35000 level yesterday expiry day. Global cues Negative botyh US futures and Asian markets in negative SGX Nifty flat Daily chart formed a bearish daily candle Levels marked in chart Wait for levels to break Higher Low pivot to short and vice versa on top for long

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BANK NIFTY looks deep RED. It has been very weak in the last few trading sessions making lower highs and lower lows. 35000 now is tough resistance even if it breaks 34900. Go short after it makes highs and Target 1 34550 comfortably and next 34462 and 2nd later session possible 34900 levels. I will buy a PE -go short after it makes a high.