subhagghosh

subhagghosh Updated 

#banknifty view for next week 28th Sep - 1st Oct On 22nd May, BN started the move from 17,105 and took 101 days to reach 25,232 on 31st Aug, an up move of 8115 points. From 31st Aug to 24th Sep, BN corrected by 4827 points (corrected more than 61.8%) in a matter of 25 days. Banknifty has broken the uptrend channel around 21,750 levels and also broke the last...

subhagghosh

I see blood everywhere, levels on downside:- 19,507-19,598 & 18,066 - 17,949 Last two hours was heavy long unwinding, which shows much larger pain ahead. Decision Zone:- 20,674 - 20,732 Trend will remain bearish until be crossed 21,750. Medium term positional trades SL got Tiggred in the range of 20,674 to 20,732 and which opened the flood gate on...

subhagghosh

#banknifty OI down by -2.14% and price down up 0.19 %, which indicates fall was used to do close the short positions. Cracks are visible in the index, if we don't get a bounce in the next couple of days, we might slip big very fast. Question IS:-" Did we take support from the strong support zone? ", it will only get answered in the next few days. Don't read...

subhagghosh Updated 

#banknfity OI up by 19.22% and price down up -3.02 %, which indicates a huge short build Up. I posted on Saturday: "There is a structural breakdown in the chart, which I was highlighting continuously until price move back to the structure, more pain is ahead" This structure further deteriorated. The uptrend channel which started on 16th June (19,507), the price...

subhagghosh

#banknifty OI up by 9.78% and price down up -1.07 %, which indicates further short build Up. Cracks are visible in the index, if we don't get a bounce in the next couple of days, we might slip big very fast. Question IS:-" Did we take support from the strong support zone? ", it will only get answered in the next few days. Don't read much into the last 45 mins...

subhagghosh

#banknfity OI up by 10.68% and price down up +0.48%, which indicates a neutral setup. The last 1 hour data is not good, the 22,600 -22,650 zone was used for long unwinding, which suggests a clear supply zone here. The uptrend channel which started on 16th June (19,507), the price got closed the second day in a row inside the channel and we made a lower low and...

subhagghosh

#banknifty, I was going through the hourly chart and figure out the something which I thought of sharing. BN taking support from 22,050 - 22,150 zone constantly and the previous swing low of 21,866 is getting respected and on a closing basis, bank nifty was able to pull back the price inside the rising trend channel. This suggest, the uptrend still continues and...

subhagghosh

#banknfity OI up by 4.97% and price down up +0.44%, which indicates a neutral setup. BN closed exactly on our decision point of 22,465. People will be interested to know, what happened from 2:30 PM to 3:30 PM, huge spike on the upside, again this was short covering in the expected line. The uptrend channel which started on 16th June (19,507), the price is...

subhagghosh

#banknfity OI up by 24.03% and price down by -1.68%, which indicates shorts were build up today in the index. Contra to popular move in the last few days, the last 30 min didn't show short covering but long unwinding, which is bad for the market. The uptrend channel which started on 16th June (19,507), first-time for the last 3 months, we have given a closed...

subhagghosh Updated 

Levels and Views are on the chart, triangled formed....any side breakout or breakdown might see shart movement.

subhagghosh

#banknifty Weekly view:- #banknifty is in the rising channel and we are constantly taking support from lover end of channel 22,050 - 22,200. Spending time at the lower end of the channel for the last 3 days is not a very sign for bulls. If the previous swing low of 21,886 is broken, then the last swing low of 21,403 will be challenged followed by 21,000...

subhagghosh Updated 

#banknifty OI up by 5.68 % and price up by +0.89 % shows a neutral position. Again, the last 60 min move is a pure short covering, so we should not read much into the price action as a reversal. #banknifty is seating in strong support zone 22,011 - 22,213 and we managed to hold it. #banknifty is the uptrend channel, trade the channel, lower end of the channel...

subhagghosh Updated 

#banknifty OI up by 8.93% and price down by -2.10 % show short buildups. The last 30 min move is a pure short covering, so we should not read much into the price action as a reversal. #banknifty is seating in strong support zone 22,011 - 22,213 and we managed to hold it. #banknifty is the uptrend channel, trade the channel, lower end of the channel is around...

subhagghosh Updated 

#banknifty OI up by 16.23% and price down by -0.87% show long unwinding & short buildups. The last 45 min sink was due to long unwinding, which a matter of concern, as long are getting liquidated around 22850 -22650 zone. Going forward, this zone will act as resistance. #banknifty is the uptrend channel, trade the channel, lower end of the channel is around...

subhagghosh Updated 

#banknifty has taken support from 0.618% (22,865) of the up move from 21,403 to 25,232, which is a normal correction in an uptrend. The pain will start if we start trading below Friday's low of 22,877 and goes below 22,865, which may open the downside target of 22,222. #banknifty is the uptrend channel, trade the channel. Decision Zone 23,395 - 23,385 Trade...

subhagghosh

#banknifty OI up by 5.29% and price down by -0.2% show neutral setup. The last 30 min rally was due to short covering, where 6,968 #banknifty future positions were closed. So we should not read too much into the last 30 min rally to be trend or game-changer, the trend is still weak. #banknifty is the uptrend channel, trade the channel. Decision Zone 23,211 -...

subhagghosh Updated 

#banknifty OI up by 16.33% and price down by 1.44 % shows Short Built-Up position in FNO. There is huge congestion that has occurred in the last 3 days in the range of 23,385 to 24,199 range, any move outside this range will decide the direction. If there is an upside breakout the target on the upside is 24,575 or the downside breakdown is 22,745. All SL for...

subhagghosh

#banknifty OI up by 7.85% and price up by 0.26 % shows the almost neutral position in FNO. BN future is trading at 41.35 Rs premuim & cost to carry is 2.87, indication long buildup with low volume. In today's session, the index formed another inside candle, though the range gets smaller than yesterday's session. If there is upside breakout the target on upside...