rakeshreddym

rakeshreddym Updated 

BankNifty closed above previous day low that level (39990) is crucial for tommorow friday if that holds we may see short covering til 40500 to 40600.if prices sustains below 39900 expect a range bound day between 39500 to 39900 levles . Scenairo to play Buy CE above 40150 Stop Loss 40000 Targets of 40300, 40450, 40600 Buy PE below 39900 Stop Loss 40150 ...

rakeshreddym Updated 

Bank Nifty at strong support previously twice it took support and went up, it can happen again crucial level people react accordingly. Be cautious going short at day lows today. Look for price action at bottom.My view is short covering expecting till 40200 i might be wrong.acccording to charts my view prediction.

rakeshreddym Updated 

Reliance short below 2430 stop loss 2440 Targets 2410, 2390,2375. Reliace is in Descending triangle.previously cluster formed at same levels between Jan 16th to Jan19th it consolidated and breakdown happened samething expecting again.

rakeshreddym Updated 

Opened and closed at same level it took a pause today. Made a doji on daily chart indecisive candle. Put buy options 40800 to 40900 Area with stop loss of 100 look for put buy with price action, Targets of 40600,40400,40200. 40650 below area with stop loss 100 points look for put buy wiht price aciton, Targets of 40500,40400,40200. No random entries in between...

rakeshreddym Updated 

BankNifty Levels to trade Today closed around 40700 level Put buy options 40800 to 40900 Area with stop loss of 100 look for put buy with price action, Targets of 40600,40400,40200. 40650 below area with stop loss 100 points look for put buy wiht price aciton, Targets of 40500,40400,40200. Call buy options only above 41000 if price sustains one can go for...

rakeshreddym Updated 

Bank Nifty levels 41300 above buy CE target 41500 , 41650,41800 Stop loss 41200. 41200 to 41250 below buy PE targets 41000,40800,40600. Stop loss 41300. Big move today, monday expecting will be contraction , trading in zone of 1st 1 hour trading time levels.anything below 40800 or above 41550 expect good move again.

rakeshreddym

Stages of Trend and Chart patterns with reversal and continuous

rakeshreddym Updated 

Banki Nifty back into choppy zone and you know what to do Selll high Buy low scennario apply, no trades in between. Levels mentioned in chart Red bar is Resistance and Green bar is support areas. Keep it simple nothing fancy on charts you only need support and resistance to trade now market structure is balanced. Keep eye on levels how price behaving at that...

rakeshreddym Updated 

At last bank nifty gave some signs of bullishness, Call sellers unwinding seen till 41500.Puts sellers have writtten deep in the money contracts they must have some confidence in the market to go higher levels. Levels for tommorow 41550 to 41600 area to buy and another one at 41800 area to buy, Sell only if price sustains below 41400. Buy at 41550 to 41600 Stop...

rakeshreddym Updated 

Bank Nifty in range for a while, multiple times it is testing this resistance and getting weaker by every touch. levels mentioned in charts break out trade to upside targets of 41800 to 42000,42200 for down side 41000 to 40800,40600. Play the borders if it stays in range sell high buy low scenario.

rakeshreddym Updated 

Nothing Changed for Bank Nifty levels still in range sell high buy low scenario. 41200 area above buy stop loss 41100 41700 to 41600 sell stop loss 41750 to 41800

rakeshreddym Updated 

S&P levels for next week with next week CPR on chart, 4060 level is make or break , below 4060 more selling pressure will be seen to 3900. if it reverses from 4050 expect till next resistance 4100 4120. Overall scenario is mild bearish to sideway sentiment.

rakeshreddym Updated 

Bank Nifty whole week in tight range compressed ready to explode either way ,on daily time frame it is taking resistance at 20 EMA, Only after successfully cross and price sustaining above daily time frame 20 EMA consider bullish, Play the borders until then or sell on rise, buy would be with low quantity depending on your risk appetite. Levels mentioned on...

rakeshreddym Updated 

Stock in clear down trend and at previous supply zone short Titan below 2460 stop 2480 targets of 2400,2375,2350 to 2300.

rakeshreddym

As mentioned in earlier idea ready to explode ,Bank Nifty coming week is a narrow CPR and it is consider to be trendy week. multiple confluences whole week compressed and coming week is Narrow CPR. Week low break one can enter PE, week high breaks one can enter CE. which ever side it goes will be trendy. Mark Support and Resistance levels of weekly CPR and...

rakeshreddym Updated 

Bank nifty is in range whole week,until break out happens above or below range play the borders, look for Sell at or below area 41600 to 41700 for target of 41300 to 41250, look for buy options at 41300 to 41250 area for target of 41450 to 41600 .No trades in between.

rakeshreddym Updated 

Short Cumming India after gap up it is not sustaining above levels it will retrace to fill the gap and continues uptrend, Short below or at 1570 stop loss of 1580 targets of 1560 ,1550, 1535, and trail till to gap fill.

rakeshreddym Updated 

Bank Nifty moving its supports higher day by day but in snail pace volume also suggests and making P shaped volume profile which is bullish sign. Better wait for break out Wednesday high and with price action pattern one can go longer for targets 42000 and 42200.For PE only if price below 41400 sustains.