rakeshreddym

rakeshreddym Updated 

BankNifty trading in a 1000 point range since last 2 weeks until the range break out happens play at turning point locations high and lows of the ranges will be better. Banknifty levels to react 44600 Above Long Targets 44700,44780 ,44900 44350 Below Short Targets 44250,44100,43900 (Reversal areas 44700-44800 and 45000 area to short with negative price...

rakeshreddym Updated 

Bank nifty Levels to react 44600 Above long Targets 44700,44820,44900 44450 Below Short Targets 44250,44130,44050

rakeshreddym Updated 

Banknifty back into zone of last 2 weeks range, here posting some levels to trade at those levels with price action on those areas. Important levels to long 43950-43900,44350-44400,44560 Important levels to Short 43890-43900,44450-44550

rakeshreddym Updated 

Bank nifty opened gap down 44350 to 44150 area no trading in between, Above 44350 long till 44500 to 44600, Below 44150 below short till 43900 to 43800 area.(Reversal play area to short are 44550 and 44400 area WIth negative price aciton

rakeshreddym Updated 

BankNifty Levels to react on expiry. 44540 Above Long Targets 44675,44785,44950 44400 Below Short Targets 44350,44250,44140

rakeshreddym Updated 

Nothing changed since last week keep checking on important levels for entries with price aciton as of now 44100 resistance and 43700 area been support. Levels to react on 44100 Above long Targets 44200,44250,44320 43900 Below short Targets 43800,43700,43600 Reversal area 44000-44100 as Resistacne and 43600 to 43800 Support area check price acion here...

rakeshreddym Updated 

Nifty is tested 19250 area quite a few times now last week it is getting weaker by every hit to support.On upside only above 19410 sustains then we can expect a move till 19500 to 19550 levels and with global sentiments are weak China again popped up with Evergrande Issue that might effect markets comming week so stay on short side long avoid sell on rise. Niftty...

rakeshreddym Updated 

BankNifty whole week in range of 400 points mostly, up and down and it formed an micro level head and shoulder pattern to which it is trading under macro level H&S pattern.Any voilation below a candle close below 43600 will get you 400 points and more. Levels to Trade are 43600 Below short Targets 43500,43350,43200 43900 Area Short with Negative Price Action on...

rakeshreddym Updated 

BankNifty levels for Thursday expiry expecting good move either side of break out , since 2 days it is trading in same range 44050 above 43800 below good move possible keep eye on price action on these levels. Market structure is still bearish only above 44250 sustains for a day or two consider bullish. BankNifty Levels to react 44050 Above Long Targets...

rakeshreddym Updated 

Bank Nifty Important levels to look for 44250 above can long till 44400 to 44550 area,Below 43900 can short till monday's low of 43770 area. With global markets bearish expecting a gap down if sustains below 43800 more fall expecting ,give 1 hour time for direction we can expect a move till 43500 to 43300. 44250 Above long Targets 44400,44550,44600 43900...

rakeshreddym Updated 

BankNifty looking weak at current levels and others concerns are Dollar index which is almost 103, Dollar at 83. Adani rumours on auditor delloite exiting Adani ports , Sebi submitting papers on Adani in supreme court, FInnifty expiry. Trade cautiously to upside as of now sell on rise scenario is better to apply. For Monday levels to watch 44300 Above long...

rakeshreddym Updated 

Nifty Levels 19560 Above Long Targets 19600,19625,19650,19680 19490 Below Short Targets 19465,19440,19400 19600 Area if you find any negative price aciton play short to mentioned targets

rakeshreddym Updated 

BankNifty formed a head and shoulder pattern on macro levels,if pattern breaks 2000 points downside opens for comming week. (Play reversal at 44700 if you find any negative price aciton to downside) For Friday Levels 44700 Above long Targets 44800,44925,45000 44400 Below Short Target 44250,44150,44050

rakeshreddym Updated 

Apollo Hospitals at demand looking good to go long 925 above targets mentioned on chart.Good risk reward at current stop loss below 900 risk is there 25 pionts do your analysis before taking entry.

rakeshreddym Updated 

Nifty break out of trend line with good volumes if stays above 19625 and holds here we can expect to test 19800 area tommorow.Any voilation below 19580 and sustains fall expected to today's low of 19475 area again. Nify levels 19650 Above Long Targets 19680,19735,19792 19585 Below Short Targets 19530,19500,19450,19380

rakeshreddym Updated 

Banknifty trading in range of 45100 to 44500-44300. Only above or below of this range could tell trend to be continue. Until then mark the high and low, Swings in between the range to trade accordingly Sell high Buy low with price aciton. BankNifty Levels 44925 Above Long Targets 45000,45100,45250,45400 44800 Below Short Target 44650,44525,44300 Reversal...

rakeshreddym Updated 

Nifty Levels With Moody's down graded 10 US banks and warned them expecting a gap dow tommorow. 19600 Above long Targets 19625,19675,19700 19525 Below Short Targets 19480,19450,19400,19380

rakeshreddym Updated 

Bank Nifty Levels With Moody's down graded 10 US banks and warned them expecting a gap dow tommorow. 45100 Above long Targets 45250,45375,45500,45600 44900 Below Short Targets 44800,44650,44475,44300