#banknifty analysis for 17th June'2021 #expiry Decision Zone (Above positive & below negative bias) :- 34,965 Decision Points (Can either act as support or resistance):- 34,259 / 34,491 / 34,724 / 35,088 / 35,140 / 35,262 / 35,344 The invalidation point of upmove is 34,724 ( which will be SL for longs). One of the best forms of PA action is not to predict but...
#banknifty analysis for 16th June'2021 Decision Zone (Above positive & below negative bias) :- 34,845 Decision Points (Can either act as support or resistance):- 34,259 / 34,491 / 34,724 / 35,088 / 35,140 / 35,262 / 35,344 The invalidation point of upmove is 34,724 ( which will be SL for longs). One of the best forms of PA action is not to predict but to act...
#banknifty analysis for 15th June'2021 Decision Zone:- 35,088 - 35,092 Resistance:- 35,350 / 35,550 - 35,650 Support Zone :- 34,930 / 34,801 /34,673 / 34,259 / 33,964 Reduced the time frame to 15 min, to capture intraday moves. I will try to post delta updates on a daily basis or if there is any significant change in structure. One of the best forms of PA...
#banknifty analysis for week 14th - 18th June'2021 Looks like we are in wave 5 of intermediate trend, which might be an ending diagonal wave and you might observe low volume and momentum ossicular will shart showing divergence. Decision Line:- 34,142 Resistance:- 35,350 / 35,550 - 35,650 Support Zone :- 34,068 / 34,930 / 34,750 / 34,410 - 34,608 All long SL...
Lower side target completed, hopefully, it should go up, the levels are on the chart.
#banknifty analysis for 10th June'2021 #expiry Zig Zag Correction, leg C is always furious, I still see the market is on the upside. The wave structure breaks below 34,410. Decision Zone:- 34,946 - 35,009 Resistance:- 35,142 / 35,370 / 35,550 Support Zone :- 34,844 - 34,717 / 34,410 - 34,608 / 34,142 One of the best forms of PA action is not to predict but...
#banknifty analysis for 9th June'2021 Looks like a zig-zag correction, which seems to get over and will move back to the normal course of upmove. The market is well above 20/50/200 DMA and correction seems to be normal for a long entry. Decision Line:- 35,200 Resistance:- 35,370 / 35,550 / 35,960 Support Zone :- 34,950 / 34,844 - 34,717 / 34,410 -...
15680 is a good place to go long, target 15800. SL 15,650
#banknifty analysis for 8th June'2021 Decision Line:- 35,524 - 35,595 Resistance:- 35,960 / 36,326 Support Zone :- 35,370 / 35,142 One of the best forms of PA action is not to predict but to act on the price, chart tells you where, when & how to act on price. Wait for the decision points on the chart to act else don't trade. E.g. One of the important DP is...
#banknifty analysis for 4th June'2021 Decision Line:- 35,524 - 35,595 Resistance:- 35,960 / 36,326 Support Zone :- 35,370 / 35,142 One of the best forms of PA action is not to predict but to act on the price, chart tells you where, when & how to act on price. Wait for the decision points on the chart to act else don't trade. E.g. One of the important DP is...
#banknifty analysis for 3rd June'2021 #expiry Decision Line:- 35,285 - 35,595 Resistance:- 35,524 / 35,960 / 36,326 Support Zone :- 34,751 / 34,608 / 34,410 / 34,142 One of the best forms of PA action is not to predict but to act on the price, chart tells you where, when & how to act on price. Wait for the decision points on the chart to act else don't...
Nothing is changed in my analysis, the analysis remains the same for 2nd Juine'21. One day consolidation, the majority of bull analysts turned bears today.
#banknifty analysis for 1st June'2021 Can you ignore the following, if you follow technicals? 1. First time in 11 weeks, BN closed above 35,500. 2. BN is trading above All DMA (5/10/20/50/100/200). 3. All momentum oscillators (RSI, CCI, ROC, Ultimate Oscillator) are in buy mode. 4. All trend oscillators (MACD, ADX, Bull/Bear Power) are in buy mode. 5....
#banknifty analysis for 31th May'2021 Decision Line:- 35,142 Resistance:- 35,524 / 35,960 / 36,326 Support Zone :- 34,751 / 34,410 / 34,142 / 33,850 One of the best forms of PA action is not to predict but to act on the price, chart tells you where, when & how to act on price. Wait for the decision points on the chart to act else don't trade. E.g. One of the...
#banknifty analysis for 28th May'2021 Decision Zone:- 34,860 - 35,006 Resistance:- 35,200 / 35,550 / 35,960 / 36,350 Support Zone :- 34,751 / 34,410 / 34,142 / 33,850 Rising Wedge is not a good sign, book profit at higher levels. One of the best forms of PA action is not to predict but to act on the price, chart tells you where, when & how to act on price....
#banknifty analysis for 27th May'2021 # expiry Monthly expiry doesn't follow any technicals, it's only about big boys' position adjustment and just follow what they do. Decision Line:- 34,733 Resistance:- 35,055 / 35,270 / 35,576 / 35,967 Support Zone :- 34,573 / 34,245 / 34,015 OI analysis:- 20.2 L OI in 35,000 CE (Closed at 89.75 )& 10.3 L OI in 34,500...
#banknifty analysis for 26th May'2021 Decision Line:- 34,733 Resistance:- 35,055 / 35,270 / 35,576 / 35,967 Support Zone :- 34,573 / 34,245 / 34,015 One of the best forms of PA action is not to predict but to act on the price, chart tells you where, when & how to act on price. Wait for the decision points on the chart to act else don't trade. E.g. One of the...
#banknifty analysis for 25th May'2021 All overlay & oscillators are overheated and RSI is making lower high, the index needs to cool down and we have monthly expiry this week. Play the green & red zone of the chart, positional short only below 33,900 below the closing. RSI is plotted in the form of a histogram, you just need to change the "plot(rsi, "RSI",...