subhagghosh

subhagghosh

#banknifty weekly overview (18th Jan to 22nd Jan'21) We formed a Doji on Weekly Chart (High:- 32,718.95 / Low:- 31,725.85) and we have only 10 sessions before the budget on 1st Feb. The market will remain volatile in the next 2 weeks with big swings without taking any direction before the budget. The BN might stay in the last week range having 70% probability...

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#banknifty analysis for 15th Jan'2021 Almost spend 2 hours on multiple time frame analysis to figure out if there is any weakness in the chart, as we clocked ATH, honestly, I was trying to figure out something somewhere but couldn't figure out anything which can give me a signal of weakness. The market is supreme, let not predict anything but swim with the...

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#banknifty analysis for 14th Jan'2021 - #Expiry Decision Zone:- 32,415 - 32,522 Upper Targets:- 32,743 / 32,911 / 33, 094 Lower Targets: 32,247 / 32,017 / 31,891 / 31,725 bank nifty expected to move towards 33,741. Read the analysis in context to larger time frame:- Having targets of 32,362 (DONE) to 34,309 bare min. One of the best forms of PA action is...

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#FINNIFTY analysis for 12th Jan'2021 This is my first analysis for the nifty financial services index, which started trading today 11th Jan'2021 on NSE. FINNIFTY is clearly the 5th leg of the up move, which gives a logical target of 16,131. 9 EMA on daily TF is used to gauge the trend, which is clearly UP. Decision Zone:- 15,550 - 15,600 Upper Targets:-...

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#banknifty analysis for 13th Jan'2021 Decision Zone:- 32,062 - 32,246 Upper Targets:- 32,382 / 32,507 / 32,743 / 32,998 Lower Targets: 31,891 / 31,745, 31,655 / 31,510 bank nifty expected to move towards 33,741. bank nifty is so near ATH, it won't reverse until we cross the ATH and do min 5 to 10 % of upside before any correction. Read the analysis in...

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#banknifty analysis for 12th Jan'2021 Nothing is changed in the last 2 days, it's consolidation on the higher region forming a flag pattern for the next move. Decision Zone:- 32,023 - 32,062 Upper Targets:- 32,272 / 32,382 / 32,507 / 32,743 / 32,998 Lower Targets: 31,891 / 31,745, 31,655 / 31,510 bank nifty expected to move towards 33,741. bank nifty is so...

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#banknifty analysis for 11th Jan'2021 Decision Zone:- 32,106 - 32,147 Upper Targets:- 32,272 / 32,382 / 32,507 / 32,743 / 32,998 Lower Targets: 31,777, 31,655 / 31,510 bank nifty expected to move towards 33,741. bank nifty is so near ATH, it won't reverse until we cross the ATH and do min 5 to 10 % of upside before any correction. Read the analysis in...

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#banknifty analysis for 8th Jan'2021 Decision Zone:- 32,040 - 31,990 Upper Targets:- 32,126 / 32,272 / 32,382 / 32,507 Lower Targets: 31,777, 31,655 / 31,510 bank nifty expected to consolidate in the 32,382 - 32,911 range for a few days before moving towards 33,741. bank nifty is so near ATH, it won't reverse until we cross the ATH and do min 5 to 10 % of...

subhagghosh

#banknifty #expiry special 7th Jan'2021 Decision Zone:- 31,765 - 31,786 Resistance :- 31,865 - 31,909 & Support :- 31,510 - 31,548 Two types of movement are expected one is range bound and the other is breakout trades. Upper Targets:- 31,891 / 32,126 / 32,272 / 32,382 / 32,507 Lower Targets: 31,655 / 31,510 / 31, 350 / 31,257 / 31,100 Positional selling...

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#BankNifty Trading Strategy for 6th Jan'2021 Decision Zone:- 31,562 - 31,767 Upper Targets:- 31,891 / 32,126 / 32,272 / 32,382 / 32,507 Lower Targets: 31,480 / 31, 350 / 31,257 / 31,100 Positional selling below 30,912 only. 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...

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#BANKNIFTY #ElliotWave Analysis. On larger time frame:- The Wave 5 is expected by Feb end 2021 Wave 1 :- 16,116 to 21,967 Wave 2 :- 21,967 to 17,105 Wave 3 :- 17,105 to 25,232 Wave 4 :- 25,232 to 20,405 Wave 5 :- 20,405 to 30,834 (61.8 % of total move till wave 3) / to 32,362 (78.6 % of total move till wave 3) / 34,309 (100 % of total move till wave 3) John...

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#BankNifty Trading Strategy for 5th Jan'2021 Decision Zone:- 31,190 - 31,257 Upper Targets: 31,333, 31,480, 31,650, 31,780, 32,000, 32,300, 32,626, 31,818 Lower Targets: 31,040, 30,900, 30,770, 30,670 Positional selling below 30,542 only. 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...

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#BankNifty Trading Strategy for 4th Jan'2021 Decision Line: 31,250 Upper Targets: 31,480, 31,650, 31,780, 32,000, 32,300, 32,626 Lower Targets: 31,040, 30,800, 30,666, 30,420, 30,220 Positional short levels are apparent; it's below 31,000 closings. One of the best forms of PA action is not to predict but to act on the price, chart tells you where, when & how...

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#BankNifty Trading Strategy for 31st Dec'2020 (Year-end #expiry) 31,650-31,750 is a very important level, but the upside breakout of an uptrend does not sustain and fall back to the channel, if this doesn't happen on expiry, then might be in the next couple of days. I will be very cautious with my trades. Decision Zone:- 31,240 -31,360 Smaller Range:- 30,650 -...

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Price expansion is in progress, which is giving an upside target of 31,710 before any sell off happening.

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#BankNifty Trading Strategy for 30th Dec'2020 Longs be cautious, around 31,450 - 31,650 levels. Divergence on my oscillator and hourly RSI above 80 is very risky. Decision Zone:- 31,222 - 31,360 Smaller Range:- 30,650 - 31,700 Medium Range:- 29,700 - 32,000 Upper Targets: 31,480 / 31,600 / 31,700 / 31,800 Lower Targets: 31,100 / 30,900 / 30,650 /...

subhagghosh

#BankNifty Trading Strategy for 29th Dec'2020 Decision Zone:- 30,789 - 30,930 Smaller Range:- 30,300- 31,500 Medium Range:- 29,450 - 32,000 Upper Targets: 31,030 / 31,150 / 31,480 / 31,697 & Lower Targets: 30,625 / 30,525 / 30,350 / 30,000 Lower side GAP :- 29,941.4 - 30,007.80, will act as support. One of the best forms of PA action is not to predict but to...

subhagghosh

#BankNifty Trading Strategy for 28th Dec'2020 Decision Zone:- 30,354 - 30,280 Smaller Range:- 29,950 - 31,200 Medium Range:- 29,450 - 31,480 Upper Targets: 30,525 / 30,625 / 30,850 / 30,945 / 31,480 & Lower Targets: 30,100 / 29,850 / 29,574 GAP :- 30,607 - 30,652, 78.6% of the fall is 30,523, this zone 30,600 - 30,650 will be tough to cross, if crossed, go...