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Supporting View 9th Apr'2021

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#banknifty analysis for 8th April:-#expiry Decision Zone:- 32,875 - 33,045 Resistance Zone:- 32,250 / 33,512 / 33,700 / 33,990 Support:- 32,665 / 32,400 / 32,100 / 31,800 - 31,950 There is lots of information in the analysis:- Just need to watch with open eyes and post on comments what you see.

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#banknifty analysis for 5th April:- Decision Zone:- 33,650 - 33,825 Resistance Zone:- 33,990 / 34,360 / 34,566 / 34,650 - 34,750 / 35,020 Support:- 33,750 / 33,520 / 33,320 We have mount Everest seating at 34,360 - 34,650 zone, where sell-off might trigger again and if these levels are crossed, we might see 35,500, followed up to 36,500. On lower time...

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#banknifty analysis for 1st April:- Decision Zone:- 33,411 - 33,527 Resistance Zone:- 33,698 / 33,990 / 34,360 / 34,650 / 35,100 Support:- 33,310 /33,175 / 33,050 / 32,751 / 32,500 / 31,600 We have mount Everest seating at 34,360 - 34,650 zone, where sell-off might trigger again and if these levels are crossed, we might see 36,500. One of the best forms of...

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#banknifty analysis for 31th Mar:- Decision Zone:- 33,808 - 33,990 Resistance Zone:- 34,360 / 34,650 / 35,100 Support:- 33,600 / 33,361 /33,175 / 33,050 / 32,831 We have mount Everest seating at 34,360 - 34,650 zone, where sell-off might trigger again and if these levels are crossed, we might see 36,500. One of the best forms of PA action is not to predict...

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#banknifty analysis for 30th Mar:- We can say that short term and the medium-term trend is down because the index is trading below its 20 & 50 EMA lines (34,492 / 34020), however, the longer-term trend is still up as we are above rising 100 & 200 SMA (32,135 / 37,270) and there is no negative crossover. As per Dow Theory, we are making constant lower low &...

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#banknifty analysis for 25th Mar:- #expiry Decision Zone:- 33,390 -33,490 Resistance Zone:- 33,700 / 34,275 Support:- 33,000 / 32,751 - 32,877 / 32,488 / 32,050. Daily closing below gap of 33,305 - 33,583 is not at all a good sign, the next support is 32,877 (breakout restest) & 32,751 (61.8% of the fall)zone if this fails to hold we move back to 31,404 (last...

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#banknifty analysis for 24th Mar:- Decision Zone:- 34,055 - 34,117 Resistance Zone:- 34,430 - 34,639 ,34,900 / 35,300 Support:- 33,850/ 33,583 / 33,305 / 32,751 The move from 29,687.8 to 37,708.75 is 8021 point rally,we have retraced 50% (33,698), current low is 33,361. 38.2% retracement was 34,645 which was breached and we touched 50% retracement, now if...

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#banknifty analysis for 23rd Mar:- Decision Zone:- 33,652 -33,770 Resistance:- 34,110 / 34,430 / 34,645 / 35,100 Support:- 33,305 / 32,751 / 32,137 The move from 29,687.8 to 37,708.75 is 8021 point rally,we have retraced 50% (33,698), current low is 33,361. 38.2% retracement was 34,645 which was breached and we touched 50% retracement, now if today's low is...

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#banknifty analysis for 22nd Mar:- Decision Zone:- 33,950 -34,075 Resistance:- 34,430 / 34,645 / 35,100 Support:- 33,583 / 33,305 / 32,751 The move from 29,687.8 to 37,708.75 is 8021 point rally,we have retraced 50% (33,698), current low is 33,361. 38.2% retracement was 34,645 which was breached and we touched 50% retracement, now if today's low is broken, we...

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#banknifty analysis for 19th Mar:- Decision Zone:- 34,131 - 34,033 Resistance:- 34,430 / 34,645 / 35,100 Support:- 33,583 / 33,305 / 32,751 The move from 29,687.8 to 37,708.75 is 8021 point rally,we have retraced 50% (33,698), current low is 33,597. 38.2% retracement was 34,645 which was breached and we touched 50% retracement, now if today's low is broken,...

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#banknifty analysis for 19th Mar:- Decision Zone:- 34,131 - 34,033 Resistance:- 34,430 / 34,645 / 35,100 Support:- 33,583 / 33,305 / 32,751 The move from 29,687.8 to 37,708.75 is 8021 point rally,we have retraced 50% (33,698), current low is 33,597. 38.2% retracement was 34,645 which was breached and we touched 50% retracement, now if today's low is broken,...

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#banknifty analysis for 18th Mar:- Expiry Special Decision Zone :- 34,550 above positive & below negative. Important points on chart:- 34,835 / 35,100 I won't short this market tomorrow, even if the price goes down, will better avoid trading on an oversold market. One of the best forms of PA action is not to predict but to act on the price, chart tells you...

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#banknifty analysis for 18th Mar:- Expiry Special Decision Zone :- 34,550 above positive & below negative. Important points on chart:- 34,835 / 35,100 I won't short this market tomorrow, even if the price goes down, will better avoid trading on an oversold market. One of the best forms of PA action is not to predict but to act on the price, chart tells you...

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#banknifty analysis for 17th Mar:- #banknifty PCR is 0.50, for every put written, we have 2x call written off, short-covering, it comes, can be deadly. Decision Zone :- 34,996 - 35,199 is a no trading zone, above positive & below negative. Currently, the range is 34,500 to 36,100 Support:- 34,700 / 34,550 / 34,400 Resistance:- 35,328 /34,572 /35,686 /...

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#banknifty analysis for 16th Mar:- 36,463 to 34,430, 2033 point fall in two days was too quick, followed by 835 (41%) pullback in 2 hours. Decision Zone :- 35,188 - 35,572 is a no trading zone, above positive & below negative. Currently, the range is 34,300 to 36,000 Support:- 35,000 / 34,866/ 34,700 Resistance:- 35,686 / 36,028 / 36,463 It's a flag...

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#banknifty analysis for 15th Mar Currently, the range is 35,090 to 36,041 and the new move will be only outside this range. Decision Zone:- 35,572 - 35,617, above positive & below negative Support:- 35,450 / 35,188 / 35,040 / 34,800 Resistance:- 35,825 / 36,040 / 36,190 / 36,463 It's a flag formation on an hourly time frame, probability is for the higher...

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#banknifty analysis for 10th Mar: #expiry 8021 point up-move is followed by correction of 3050 points (around 38.2%) and now we are consolidating for 2 weeks. Currently, the range is 35,100 to 36,100 and the new move will be only outside this range. Decision Zone:- 35545, above positive & below negative How to Trade? Play the range of 35100 to 36100 and...