subhagghosh

subhagghosh Updated 

#banknifty keeping the analysis simple. Decision line:- 24,246 above long & below short. Will prefer to go long above the red resistance line ( 24,650 - 24,700 zone). In spite of closing two days above 24K and making HH & HL, the momentum is missing. I said yesterday:- "Concern:- I am a bit worried, as to how the BN behaved after the 24,200 level breakout,...

subhagghosh

Additional View:- 21th Oct'2020

subhagghosh

#banknifty 23,266 (SPOT) The decision line is 23,199, below negative & above positive. Concern:- I am a bit worried, as to how the BN behaved after the 24,200 level breakout, there was hardly any upside momentum and the ADX indicator is showing no trend strength. Avoid aggressive long or short now on the index. Always trade what you see, never trade what you...

subhagghosh

#banknifty 23,528 The price has pulled backed to the uptrend channel what is running from 16th June, which is a bullish symbol and we are trading at the lower end of the channel. We see triangle formation on the chart denoted by amber dashed lines, any significant movement will be seen outside this zone. The decision zone is 23,436 - 23,580, below negative &...

subhagghosh

#nifty view for the next 2 weeks, all the levels are on the chart.

subhagghosh

#banknifty analysis for 16th Oct'2020. Structural breakdown on the chart. The decision Line is 23,388 (above long and below short). Levels are on the chart. Always trade what you see, never trade what you feel. Make this a habit, you won't be requiring any seminar, webinar, or mentor, you will be self-sufficient.

subhagghosh

#banknifty analysis for 15th Oct'2020. Today's movement made it clear, the uptrend that started from 20,405 has still some steam left. If the last two days correction is taken into account the wave 4 ( pullback) is completed at 23,149 and wave 5 is in progress which gives us three targets 24,833 / 25,231 / 25,476. The wave structure will damage below 23150 and...

subhagghosh Updated 

#banknifty analysis for 14th Oct'2020. Algo Generated buys on 28th Sep'2020 at 21,156.30 has generated a sell signal today on 13th Oct'20 at 23,544.50, covering 2388.20 points. I would prefer to avoid long until we cross 24,200 and SL for all long is 23,300. SL for short is 24,200 and targets :- 23,085 / 22,760 / 22,350 / 21,920 / 21,298. Always trade what...

subhagghosh

#banknifty no sign of trend reversal, still in a very strong uptrend. Decision Zone Upside Targets 24,190 / 24,433 / 24,692 Downside Targets 23,555 / 23,446 / 23,100 I will be cautious with my long, will prefer low volume long now, and will only short if the price falls apart from the channel. Always trade what you see, never trade what you feel. Make this...

subhagghosh

#banknifty Last 70 trading hours have moved 3499 points. FII:- Sell 39.39 Cr& DII 126.61 Cr buy today on 9th Oct'2020. The India VIX (volatility index) Up by 11% this week. Technically, all indicators, PA across all time frame is in plus, which is a sign of caution. The last 2 days I have been posting short, didn't work never did the short got triggered as all...

subhagghosh

Distribution Happens in 23,250 - 23,450 Zone and trader Careful Below 23,065. Last 2 weeks, 3046 point movement from 20,404 to 23,450, too fast movement without consolidation. I have got a sell signal on my trend indicator on 4-hour TF. Decision Zone is 23,394 - 23,451, below this zone will short and above will buy. Targets on lower size:- 23,063 / 22,607 /...

subhagghosh

#banknifty OI down by 1.39% and price up by +0.49 %, which indicates a neutral setup. Long positions are trapped in 22,750 -23,000 zone, any gap up will get sold off, and selling pressure will intensify below 22,700. Bold Recommendation:- Short market at higher levels with SL of 23,388. FII bought 1093.81 Cr & DII sold 1129 Cr, DII is selling for the last four...

subhagghosh Updated 

#banknifty OI down by -11.44% and price up by +0.56 %, which indicates short-covering. FII bought 236.71 Cr & DII sold 471.56 Cr, DII is selling for the last two days and FII buying intensity has reduced, which indicates capped upside. FII & PRO:- Index Long DII & Retail:- Index Short Overall neutral. Decision Zone 22,359- 22,506 below is bearish, and above is...

subhagghosh

#banknifty OI down by +9.15% and price up by +2.16 %, which indicates long build-up. Bold Recommendation:- Short market at higher levels with SL of 23,388. FII bought 1101.76 Cr & DII sold 934.84 Cr, DII is selling for the last three days and FII buying intensity increased once again. Data Analysis:- FII unwinded long position on the index and DII & PRO shorted...

subhagghosh

#banknifty OI up by +2.90% and price up by 3.70 %, which indicates a neutral position. FII bought 1632.25 Cr & DII bought 259.46 Cr, FII has turned into buyers after a long time. FII has created fresh long position & covered up the short positions, DII has created fresh short, Retail & PRO have unwinded the long and created fresh shorts. BN Range <22,015 -...

subhagghosh Updated 

#banknifty OI up by +0.19% and price up by 16.77 %, which indicates short positions were added today. FII sold 712.48 Cr & DII bought 409.47 Cr, FII selling pressure has reduced today. 10.00 AM Low was 21,128.50 and the high of 11.00 AM was 21,472.85,344 point rally is purely due to short covering. Again last 1 hour data is weak, only short covering and long...

subhagghosh

#banknifty OI up by +4.07% and price down by -1.17 %, which indicates short positions were added today. FII sold 1,456.66 Cr & DII bought 576.50 Cr, FII selling pressure has intensified, which is not at looking good at all. Don't read much into the rally into the last 30 mins, as 21,320 to 21,468 from 3:00 PM to 3:30 PM, it was pure short covering. Decision...

subhagghosh Updated 

#banknifty OI up by +3.30% and price up by 3.26 %, which indicates rise was used to do close the short positions and not enough of a long position is a matter of concern. When there is only 542 Cr FII Buying & 27 Cr DII selling, which shows rally was mainly due to short getting covered and significant fresh long buildups missing. Don't read much into the rally...