subhagghosh

subhagghosh Updated 

#banknifty OI down by -0.50 % and price up by -0.10 % shows neutral position, bears are not able to push it hard and bulls are resting. 14th Aug:- 12:15 PM to 2:30 PM huge short's were build up in the system from the levels 22,245 -21,459 The short covering will only happen if 21,853-21,946 levels are crossed and the trend will reverse above 22,080. No fresh...

subhagghosh

#nifty after 4 months of the nonstop rally, needs to cool down. Nifty has to sustain above 11433 in the coming few weeks, else any breach of downside support might result in wild swing downside. Chart is self-explanatory.

subhagghosh

#banknifty OI up by 2.84% and price down by -2.33% shows Short Build Up 14th Aug:- 12:15 PM to 2:30 PM huge short's were build up in the system from the levels 22,245 -21,459 The short covering will only happen if 21,853-21,946 levels are crossed and trend will reverse above 22,250. No fresh shorting, until we breach 21,630 and fresh long should be build above...

subhagghosh Updated 

PRZ around 22,464 - 22,550. The view changes above 22,750. Try to liquidate long in PRZ and fresh long will be only above 22,750. In the meantime, the trend is up and daily we are making a higher high and higher low, until previous day low is broken, don't see much weakness.

subhagghosh

OI shows Short Build Up on #banknifty and last one hours was long unwinding on the index. Tough resistance zone:- 22,372 - 22,550. 180 min trend indicator, showing weakness. Two harmonic patterns are detected:- 1. AB=CD, which gives a target of 22,294:- High was 22,324, DONE 2. CYPHER, which gives a target of 22,589 and Fibonacci target 22,372/22,550. I keep...

subhagghosh Updated 

OI up by 19.51% and price up by 1.49%, shows very strong buildup on the long side. Two harmonic patterns are detected:- 1. AB=CD, which gives a target of 22,294:- High was 22,276, hitting out 1st target. 2. CYPHER, which gives a target of 22,589 and Fibonacci target 22,372/22,550. I keep on repeating, we are in a broad range of 21k to 23k and 22k is the pivotal...

subhagghosh

#banknifty rising wedge:- Be Careful

subhagghosh

OI up by 9.45% and price up by 0.67%, shows FNO neutral setup & FNO data is neutral to positive. Two harmonic patterns are detected:- 1. AB=CD, which gives a target of 22,294. 2. CYPHER, which gives a target of 22,590. Inside bar, breakout happens on the upside, but we have significant selling pressure on the upside and the pressure will continue till...

subhagghosh

OI up by 9.45% and price up by 0.67%, shows FNO neutral setup & FNO data is neutral to positive. Inside bar, breakout happens on the upside, but we have significant selling pressure on the upside and the pressure will continue till 22,668. I keep on repeating, we are in a broad range of 21k to 23k and 22k is the pivotal point, just play the range until we have...

subhagghosh

OI up by 8.56% and price up by 0.51%, shows FNO neutral setup and inside bar formation on the daily chart shows indecision. FNO data is neutral Recent Swing Low & High :- 21,389 - 22,933 Decision Zone 21,448- 21,557 AB=CD pattern predicts 22,294 levels, the PRZ - Potential Reversal Zone might be 22,122.5 - 22,389. I won't be aggressively long or short, as...

subhagghosh Updated 

OI up by 10.84% and price up by 0.62%, shows FNO neutral setup and Doji formation on the daily chart shows indecision. After RBI news:- 12:15 to 1:15 PM rally was due to long buildup in the range of 21,450-21,900 levels and the last 45 min pullback was due to short covering. FNO data is weak. Today technically we made Lower Low (21,289) & Lower High (21,924):-...

subhagghosh Updated 

OI down by 1.39% and price up by 0.09%, shows FNO neutral setup and Doji formation on the daily chart shows indecision. Today fall from 11:15 to 12:15 is due to shorting & long unwinding, long unwinding is a thing of worry. Today is the second day in we made lower low (21,449) and higher high (21,933) 4th Aug LL:21,065 and HH:21,574 29th July to 3rd Aug:- LH:...

subhagghosh

OI down by -3.84% and price up by +1.99%, shows short covering. 21,100 to 21,400 is the levels were the majority of long has been created, the pressure will be felt only BN goes below 21,000 levels. # today is the first day in the last 5 day's we made lower low (21,065) and higher high (21,574) As long as today's low holds, we will try to go up. #banknifty is...

subhagghosh

OI up by 24.22% and price down by -2.62%, shows significant short buildup. There was along with short covering & short buildup for is last 2hours ( 1:30 pm to 3:30 pm). #banknifty is made lower low and lower high constantly for the last 4 days LH: 22,346/22,253/21,807/21,544 LL: 22,906/21,580/21,375/21,031 Won't be long until you 21,807 is crossed, bounce...

subhagghosh

#BankNifty formed a Doji on the daily chart, people are confused either to go long or short. I kept on posting on social media, not to trade today as the #banknifty spend the whole day in the yellow zone. I keep my view for Monday as intact that of today. Bearish Shark formation target 1 is already done at 0.78 to .62 i.e. 22,672-22,320 Target 2, I won't share...

subhagghosh

Raising Wedge on a daily chart, #banknifty is consolidating in the range of 21,000 to 23,000. Any decisive closing below 21,000 may be suicidal for the market and we can easily see 1000 to 2000 point correction. I have kept the chart, very simple for a layman to understand. Note:- This is an additional update to what I posted yesterday night.

subhagghosh Updated 

Intraday Trading Strategy:- 31th July 2020. I don't give much weightage to monthly expiry closing, as there are FNO adjustments and little of fundamental works. Entry Point:- Watch ADX recovering from 13-15 range & DMI+ crossing DMI- & RSI Increasing for entering trades. Once the condition is met enter the trade. Target:- 22,200/22,340 SL...