sunilvedula

sunilvedula Updated 

Using Pitchfork analysis on a daily timeframe it is evident as everyone can see that we have taken support from the bottom line of the pitchfork. Since it is a green candle now our first target(44500/45000) will be the middle line and stoploss would be closing below the bottom-line (42970) of the pitchfork.

sunilvedula

As per the Head and Shoulder pattern, combining with Fibo we see the following happening: mkt can move up for now till it reaches 37855 by March 8th 2022. After that as per the pattern there is high chance of breaking 34000 by 25th-30th March/ 2022

sunilvedula

Market closed below 38.2% fibo line and that is a good breakout. But we did see rejection from lower level at 36370. So tomorrow we can go short with SL above 37000. If we open gapup then tgt is 37250 before it starts going down again. First target on downside is 35750 and final tgt is 34000 where we need to renalyze the market and economic situation worldwide.

sunilvedula

Mkt on the longer ( 1 day) time frame completed the retracement from 61.8% to 50%. The closing candle is a DOJI with a red body. Lower wick is suggesting support at 37840-37770 levels and resistance at 38100-38200 levels. Coming 2 days Thursday and Friday candles should help us determine the longer trend of the market. Either it will break and start going down to...

sunilvedula

If the market continues downside as we have seen the first target would be 37951/37590

sunilvedula

Wait for candle to close above 38396 to confirm upside breakout. Resistance on upside are 38510/38880 and 39240. Banknifty taking suppport at 38294

sunilvedula

Buy CE if 15min candle closes above 38380 and buy PE if 15 min candle closes below 38250

sunilvedula

Market on the verge of a major breakout or retracement. As per price action weakening of candles indicates no strength and cannot break the level. If that is true then we should either see a retracement back to 50% level (37950)or consolidation. Of course, the X factor can be the global news and results.. Maybe the market is indecisive about the outcome and hence...

sunilvedula

BNF Analysis: Market on the verge of a major breakout or retracement. As per price action weakening of candles indicates no strength and cannot break the level. If that is true then we should either see a retracement back to 50% level (37950)or consolidation. Of course, the X factor can be the global news and results.. Maybe the market is indecisive about the...

07:15

sunilvedula

The CODE will help you take a informed decision on your analysis of the financial market. This code can be used for any financial market to trade. BANKNIFTY/BITCOIN/FOREX you can trade anything. It will help you take a decision and also lets you know when to exit.

sunilvedula

NSE:BANKNIFTY Fibo line of 50% at 37958. If it respects that then we will retracing back to 37033. since today candle jan 5th 1 day candle is very strong there is a high probability that we might be breaking the 50% and heading towards 61.8% (38880).

sunilvedula

In Banknifty after a strong downtrend, we see two candles (March 2nd and 3rd) similar to the DOJI pattern showing indecision. This is trying to tell us that market is not sure which side it needs to go. As per the chart, we still need to wait and see which gap gets filled first. Will it be the gap between 33300-33500 or 35500-36500? Scenario 1: If the market moves...

sunilvedula

Today we might be seeing the closing around 21100. If we close below 21000 then it might be safe to pick up either 20000 PE at 150 and wait for 500

sunilvedula

if we are closing below 21100 then next week will be seeing 19300. So basically either taking 20000pe might be good for the coming week.

sunilvedula

As depicted in the shown graph closing above 22300 is important today and i am expecting this week expiry to be around 22500. If we are closing above 22500 then I am expecting month-end expiry around 24400/24500. If we don't sustain above 22500 then we can see a downfall to 19500 by month-end.

sunilvedula

As per the pitchfork analysis markets touched te outside the boundary and are clearly moving to the downside. we expect the movement to go till 20600 which is the medial line of the pitchfork and then either do a reversal or go past it. Since we see a suppot around 20500 max market movement might be till 20500 but not beyond that. Taking a 11th Jun expiry 21000CE...