subhagghosh

subhagghosh

#banknifty analysis for 11th Feb #expiry In the last 4 day's bulls can consolidate on the higher side and this is a good sign and signifies time correction, either we carry on with time correction for the next couple of days before again moving up. In the ascending triangle formation, a breakout on either side has to be tracked and positional trades have to be...

subhagghosh

#banknifty analysis for 10th Feb In the last 3 day's bulls are able to consolidate on the higher side and this is a good sign and signifies time correction, either we carry on with time correction for the next couple of days before again moving up. Decision Zone:- 36,169 - 36,037, trend deciding levels 35,750 Upper Targets:- 36,271 / 36,376 / 36,450 / 36,696 /...

subhagghosh

#banknifty analysis for 9th Feb The last 2 days' chart doesn't look great. Gravestone Doji on the daily chart on Friday, until Friday's high, is not crossed, the index will be under pressure. Decision Zone:- 35,910 - 36,153, trend deciding levels 35,750 Upper Targets:- 36300 / 36500 / 36900 Lower Targets: 35,777 / 35,550 / 35,300 / 35,050 One of the best...

subhagghosh

#banknifty analysis for 8th Feb 7 trading session 6927.5 point rally, it's too fast & furious rally to sustain and have to cool down. Gravestone Doji on the daily chart on Friday, until Friday's high, is not crossed, the index will be under pressure. Decision Zone:- 35,545 -35,979, trend deciding levels 35,750 Upper Targets:- 35, 950 / 36100 / 36300 /...

subhagghosh

#banknifty #ElliotWave analysis on monthly time frame:- Wave 1 is from 2110 to 10,774 is of 8,634 points. Wave 2 is from 10,774 to 3,314 is of 7,460 points, corrected here almost 86% of wave 1 Wave 3 is from 3,314 to 32,613 (29,299) extended 253% of wave 1 Wave 4 is from 32,613 to 16,116 (16,497) corrected almost 56% of wave 3 Move from 0-3 is 2,110-32,613 =...

subhagghosh

#banknifty analysis for 5th Feb 6 trading session 5725 point rally, it's too fast & furious rally to sustain and have to cool down. The pattern getting formed is nonsustainable and will fail (71% elevation can't be sustained) Positional short only below 34,200. Decision Zone:- 35,028 -35,160 Upper Targets:- 35,321 / 35,413 / 35,845 / 35,996 / 36,112 /...

subhagghosh Updated 

#banknifty analysis for 4th Feb #expiry special 5 trading session 5220 point rally, divergence on RSI & MACD crossover on the verge, but the price needs to confirm the corrective wave. It's too fast & furious rally to sustain, better to book out the profit. Positional short only below 34,050. Decision Zone:- 34,583 - 34,655 Upper Targets:- 34,791 / 35,321 /...

subhagghosh Updated 

#banknifty analysis for 2nd Feb Decision Line:- 32,167 Upper Targets:- 33,586 / 34,047 / 34,419 Lower Targets: 31,637 / 31,265 / 30,892 / 30,432 Don't short the market, until 32,167 breaks, till then use the dip to go long. 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...

subhagghosh

#BankNifty Live analysis @10.15 AM 1st Feb #budget 30206 is the pivotal point, above is positive & below is negative, any directional move u can get min 1000 point move. VIX is high, don't trade option until VIX crases, impacting premium of both calls & puts. 32k on the upside & 29k on the downside, very much possible based on-budget outcome.

subhagghosh

#banknifty Budget Special 1st Feb'2020 Let's keep the thing very simple for the budget, the @vix will be very high during the budget speech hence is the vega, which won't allow the premium to drop. You need to wait till 11 AM to 1 PM, to VIX to be crash, before you take my directional trade. If you are right, in cathing the direction, it's can multiply the...

subhagghosh

#banknifty analysis for 29th Jan'2021 Decision Zone:- 30,913 - 31,119 Upper Targets:- 31,250 / 31,637 / 32,167 Lower Targets: 30,676 / 30,439 / 30,142 #banknifty took to support and pullback is expected and trend moves to positive only above 31,680. One of the best forms of PA action is not to predict but to act on the price, chart tells you where, when & how...

subhagghosh

#banknifty analysis for 28th Jan'2021 Until we cross 30,900, we are into short term bearishness. Decision Zone:- 30,380 -30,625 Upper Targets:- 30,909 / 31,365 / 32,0015 Lower Targets: 30,010 / 29,889 / 29,550 / 28,977 The market is deeply oversold, look out for buying opportunities and if the price reverses from the top then only short, no point selling the...

subhagghosh

#banknifty analysis for 27th Jan'2021 Lower side 30,910 is a critical decision point, if the low is breached and holds for 15 mins, the up-move structure will break, and we will enter into a short term bearishness, which gives a lower target of around 29k. On the upside, if we cross, 31,930 and hold then again "all is well" Decision Zone:- 31,256 -...

subhagghosh

#banknifty analysis for 25th Jan'2021 We have 4 trading sessions before the budget, the market will be volatile and a directional move is only expected after the budget on 1st Feb'21. The principal rule is, when you have volatility in the market, reduce your risk by reducing the position size. Decision Zone:- 31,356 -31,502 Upper Targets:- 31,620 / 31,738 /...

subhagghosh

Nifty & BankNifty Analysis for Short to Medium Term. What is DXY? DXY is the U.S. dollar index (USDX) is a measure of the value of the U.S. dollar relative to the value of a basket of currencies of the majority of the U.S.'s most significant trading partners. This index is similar to other trade-weighted indexes, which also use the exchange rates from the same...

subhagghosh

What is DXY? DXY is the U.S. dollar index (USDX) is a measure of the value of the U.S. dollar relative to the value of a basket of currencies of the majority of the U.S.'s most significant trading partners. This index is similar to other trade-weighted indexes, which also use the exchange rates from the same major currencies. The US Dollar Index is used to...

subhagghosh

#banknifty analysis for 22nd Jan'2021 We have 6 trading sessions before the budget, the market will be volatile and a directional move is only expected after the budget on 1st Feb'21. The principal rule is, when you have volatility in the market, reduce your risk by reducing the position size. Decision Line:- 32,333 Upper Targets:- 32,560 / 32,842 / 33,166 /...

subhagghosh

#banknifty analysis for 21th Jan'2021 We have 7 trading sessions before the budget, the market will be volatile and a directional move is only expected after the budget on 1st Feb'21. The principal rule is, when you have volatility in the market, reduce your risk by reducing the position size. Decision Zone:- 32,524 -32,434 Upper Targets:- 32,613 / 32, 742/...