banknifty is looking strong. but sellers are trying to push hard on the selling side. banknifty range 44551 to 44048
nifty looks strong but there should be some profit booking today and tomorrow. Buy above 18465 and sell below 18585. Nifty should not cross above 18745 and should not go below 18466.
bulls are in charge of pushing the all time high for nifty. Nifty possibility of gap up opening and try to go down side for first 30 mins to 45 mins and then it should take the support at 18422 level and should bounce back to 18606 level. where there is a resistance from the top side. Buy above 18508 target 18555,18585,18599,18648 Sell below 18467 target...
finnifty is forming a cup and handle pattern in last two days data. if it breaks 19400 then it can go all the way to 19633 level. BUY Above 19394(FINNIFTY 19350 CE) Target 19433,19492,19552 SELL Below 19333 (FINNIFTY 19250 PE) Target 19296,19235,19147
bank nifty forming cup and handle formation if it breaks the level of 44044 then it can move 600+ points. Buy above 44044(44000 CE) Target 44132,44295,44352,44444,44626 Sell below 439569 (44100 PE) Target 43888,4840
BUY Above 19309(FINNIFTY 19250 CE) Target 19349, 19393,19433,19465 SELL Below 19222 (FINNIFTY 19250 PE) Target 19147,19089,19011
Buy above 43767(43600 CE) Target 43883,43963, 44057, 44132,44282 Sell below 43579 (43800 PE) Target 43465, 43333
Buy above 18363(18300 CE) Target 18394,18418,18461 Sell below 18292(18300 PE) Target 18256,18214,18181,18108, 18054
banknifty in daily timeframe formed inverted hammer which is a sign for reversal and in weekly timeframe it is forming evening star pattern. This week expiry looking range bound (similar to the finnifty) so trade with less quantity or go for next week expiry(june series) to avoid premium decay. possibility of short covering on either side is possible. Buy above...
As predicted yesterday it formed a evening star pattern in daily time frame and closed below the previous day low. This confirms the trend reversal but buyers are still active and trying hard to push to the all time high and FII's buying is continuing. Possibility of range bound market so go with less quantity or go for the next series(june month). Trade with...
BUY Above 19367(FINNIFTY 19300 CE) Target 19422,19465,19497 SELL Below 19268 (FINNIFTY 19350 PE) Target 19222,19147,19089
nifty formed a doji and looks like it might form evening star pattern. if it forms a red candle below the today's low most probability of trend reversal. Nifty support trendline has broken and now it will act as resistance. Buy above 18363(18300 CE) Target 18394,18418,18461 Sell below 18292(18350 PE) Target18257, 18214,18181,18108, 18054
M&M forming failing three methods most probability of forming a red candle is high. Entry 1265 SL 1272 Targets 1259,1260,1244,1236 Risk to reward 1:3 to 1:5 if you trail your Stop loss to target(s)
finnifty is continuing in triangle pattern and it is yet to break long support trend line. If it breaks the trendline support at 19377 then possibly it can go 19089 level. If it takes support at 19377 level and bounce back then possibly finnifty can be in the range bound or it can go 19589 level. don't be bullish or bearish. Trade with the market direction BUY...
bank nifty is forming rising wedge pattern (blank line) and double top (M) green line and there is a strong support trendline. If the support trendline is broken at 43888 level then possibility of reaching 43333 is high. if it takes support at 43888 level then market might retest and try to break all-time high. Don't be bullish or bearish trade with the market...
Buy above 18335(18250 CE) Target 18382,18418,18461 Sell below 18250(18300 PE) Target 18181,18108, 18054
FInnifty is forming triangle pattern and it should break either way. But looking at the OI data this might end up in range bound or mostly towards 19089 level. BUY Above 19431(FINNIFTY 19350 CE) Target 19465,19497,19534,19587 SELL Below 19268 (FINNIFTY 19350 PE) Target 19212,19147,19089
BUY Above 19431(FINNIFTY 19350 CE) Target 19465,19497,19534,19587 SELL Below 19268 (FINNIFTY 19350 PE) Target 19212,19147,19089