important bannkifty levels for coming days
Long bias - index showing strength and stock yet to move significantly
intraday levels for 12-10-2020
Long bias - financial sector stocks and banking stocks trying to go up.
weekly levels for 12 to 16 october 2020
Intraday levels for 12-10-2020
Bullishness in higher time frames
weekly levels for 12 to 16 october 2020
LONG BIAS - stock taking support at weekly pivot point, hence long as ,long as it is not broken.
SHORT BIAS - Stock as weekly pivot R2, and at near immediate resistance.
probable short trade for call option sellers with stop loss at 2095
long bias - green bullish volumes on higher side compared to bearish volumes
Long bias - retracement after upmove is backed only by small bearish volumes
long bias - banknifty index showing upmove strength.
Breakout above the intermediate resistance looks good for positional trades on the levels marked above. If entering in a trade before the breakout, add on dips till near strong support
Option sellers may find shorting call options a probable trade. Keeping 1510 as stop loss, selling call option is a probable trade.
Price moving down but RSI moving up, shows some momentum is starting to build up for upside. Especially in broader market index, financial stocks are starting to picking up. A probable candidate for short term buy.
Price has fallen but RSI has risen. Indicating the probability of a further rise in price. Interestingly RSI has reached its resistance also. So breakout in RSI to higher levels should be the entry trigger. Bullish Green volumes are also picking up as compared to bearish red volumes