MY BN pre market view for expiry day 20/4/23 42000 is strong support level. expiry trade range likely to be 41700-42600 as per OI data with expiry expected around 42300. my trade setup: expecting GAP -Up opening around 42220 and rejection to 42100 levels before moving up. long position at about 42120 with sl at 42050 for target of 42200/42300/42350. short...
My pre market journal for expiry day 20/4/23. Gap up opening likely around 17650. since the insider candle setup is not broken, the markets may still be range bound. also going by the OI data expiry day closure should be in range of 17600-17650 with trading range in 17450-17750. 17580-85 has been a strong support with the levels being tested on 3 consecutive days...
round bottom and break out above 200 DMA. looking for closure above 269 for target of 293/303/313 (CMP 263.2). the stock is having low P/e compared to industry peers
This is my journal for 19/4/23. Back after a week of vacays to home town markets have given 2nd consecutive day of negative closure after rally for about 10 days. 17585 is a key level as per fib on daily charts (also 200 MA levels) and market have taken support from the level. It has also formed a insider candle on 18/3/23. if markets break below 17585 and...
nifty has broken the previous high of 17530 and has given closure above 17550. however after a 3 day wining streak I am expecting a sideways to lower closure on expiry day today. more over there is an RBI policy meeting outcome. any increase in rate of more than 25 basis point will pull the markets down and if RBI chooses to maintain the rates then we can see a...
my pre market journal for 3/4/23. expecting upside opening, with targets up to 17480/525 and sl below 17550 if not on breakdown and retest, downside target upto 17200/250/319 with sl of 17370 Finnifty expiry today. trade with caution as good and heavy moves are possible in 2nd half.
last session of the FY expecting gapup opening retest at 17100 levels and and the nifty to move up for long side trade buy after retest at 17100 with sl at 17080 for levels of 135/175/200/272 for short side, if there is a break down below 17100 and sustained on 15 min time frame, then sell below 17080 with sl at 17130 for levels 17050/17000/16950/16900
My nifty trade setup for 30/3/23 Nifty managed to close above 16950 levels after drop. Going by OI data Nifty is likely to be give a flat session. the trading range could be 16850-17050. expecting a small gap up of about 30-50 points max. 17000 is a strong resistance point similarly 16900 is strong support. even if these are breached intraday, the likely close...
expecting a flat tosmall gapup opening in nifty with retest at 16900 levels. expected to be in range bound 16900-17100 if retest at 16900 can expect movement up to 17100. expecting nifty to spend time at 17000 levels to erode premium and close at 17000 levels ideal setup would be longside trade at 16900 with sl of 16880 for targets of 16950/17000/17050/17100 in...
nifty is range bound on 17225-16845 for the past 2 weeks and has tested the range limits multiple times. it has also formed a flag and pole pattern and is also with in downward channel. Nifty could see a small bounce back and likely to give a gap up opening on monday, but will face strong resistance at 17200 levels. any closure with volume on 15 min time frame...
Expecting a small gap down to flat opening. 17050/17000 being initial support levels. below 17000 target for down side are 16950/16900. upside range would be 17100/17150/175. market is expected to be in this range of 16900-17175. long side buy above 17100 with sl at 17080 for targets of 17150/175 downside sell below 17050 with sl at 17075 for targets of 17000/16950/16900
After the initial fall and testing levels if 17100, market worked sideways and closed at 17150. going by OI data the expiry should be around 17000-17200 range and hence we could see a similiar market on 23/3/23 also. till market crosses and closes above 17350, the trend is bearish and hence sell on rise is way to go. Unless FED brings up some surprises, the...
market has shown a small pull back but trend is still bearish. sell on rise is still the way to go. Long side : buy above 17170 or retest at 17130 stoploss below 17130. target 17200,17270, 17300 short side : buy below 17060 stoploss 17080 targets 17030/17000/16950.
Nifty followed the trend line support and supply zone. The index is presently at a previous support/resistance levels. in case of gapdown opening and move down , downside levels are 16850/800/750. 16850-750 is strong supply zone and should help nifty bounce back. in case of breakdown below 16750, we could see fall till 16400 for week. upside resistance/targets...
Markets have shown pull back for the last 2 sessions, with recovery from low point of 16850 to 17100. 17100 has acted as support levels previously and is a strong support zone. the upside immediate resistance of 17145/150. in case of any gap down opening or flat opening and downward movement. the levels for retest are 17100. in case of gap up opening or flat...
Expecting gap down opening around low of today and then move downside. pe side can be looked at below 38900 with sl at 38940 for downside target 38800/38630/38450. not seeing much on upside.
market to continue having negative outlook on account of continuing global meltdown. expecting gap down opening of about 80-100 points (around 16900 levels). can look for Pe side trade below 16935 with sl of 19650 for target of 16900/19874/16755/16650. not much on upside. can look at Ce side trade only above todays day high 17210, though the R/r does not appear...
buy if sustain above 17200 for target of 17250/300 sell below 17100 for targets of 17050/17000/16950