yatin160991

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SELL below 43800 level SL 44000 level Target 43400/43000

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Index is taking pullback or correction of impulse wave. Acc. to Harmonic Patterns, whole area 19600/700 is solid resistance. Unless & until break of it, we may not see fresh buying. Every jump on upside shall convert to SELL-OFF We can play LONG for Intraday above 19550 for Target 19650 max. Or we can continue the SELL-OFF sentiment below 19450 for Target 19000 level.

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Scrip is on verge of Breakout Failure and reversed before touching strong Resistance which shows the weakness. Scrip moved upside with multiple swings which shows good strength. At any point if Daily Support breaks, NO MERCY slogan will murmur in MARKET. We can hold positional SELL for Target located as per Half Bat pattern & Cypher Pattern.

yatin160991

Scrip is breaking Daily Support which is also a Neckline. Below Neckline we can see Breakout Failure. This can lead momentum till next Demand Zone 920 level. We can carry positional easily for next 2-3 Weeks.

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Scrip is ready for deep correction as per ABCD Pattern. Once the MIDCAP Index starts reversal, we can enter carry positional without any doubt for next 2 Weeks. Best demand Zone is 5000 level as per HALF BAT pattern.

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Below 43950 level, we can plunge max upto 43650/700 area Here Index can form base & reverse towards 44000/100 area.

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Dear Reader, Index has spend a good time in consolidation phase 18000-18500 area. Now its time to move trendy for next 450-500 points. We have strong Resistance in 18600-650 area. Global data shows a gap up opening in this area. First half, we may see profit booking till closing price. After 11 a.m. we can accumulate in Buying positions around 18525/575...

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Please refer Chart which shows wider Range from 43500 to 44500 level. Break of it can give us Trending movement positional. Intraday is trickiest part which needs money management & right Entry. Major Intraday Resistance is 44100 level, above it we can trade short covering moves till 44450 level, if Index opens flat with +/- 50 points. Acc. to XABCD pattern, we...

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Dear Trader, Index took good support from 38500-39500 area. As per Harmonic Pattern, we can visualize long position till 41300 in next monthly Expiry. For this we need to cross 40200 level decisively. We have released Bull Spread Bought 4 Lots of 41300 CE 27 April @ 189 Sold 4 Lots of 40200 Ce 06 April @ 198 Will adjust position after looking price action at...

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Dear Traders, BNF is going to open Gap Up with good points. Gap Up above 39500 level will generate Chain Reaction of Short Covering + Fresh Buying Momentum. Our idea is still Valid for target 40150/40500 level.

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Dear Traders, Index confirmed by closing above 39400 level. We have Target 40300/40700 in coming sessions.

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Dear Trader, Index is gone thru turmoil due to global sentiments. Now its time for recovery. Lets analyze how the Index can recover & what can be the level. 39400 was good Support which hold the Selling Pressure in last month but this month Index broke & retesting it. If Buyers again regain the level, we have first Target 39700 level. 39700 level can be crucial....

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Dear Trader, Nifty Bank has thrown out good sign of Bearish continuation. As per Harmonic Pattern, we have two major Demand Level at 38800 & 38000, refer Chart. We can initiate PUT Buying or Future Short below 39500 level & book Profit at 38800 level immediately. If 38800 level breaks, again enter trade for Target 38000 in current Month Expiry.

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N50 Index reversed well from Bottom and now hovering at Resistance. Half Bat Pattern & Gartley Pattern shows 17800 is PRZ (Possible Reversal Zone). More the Index spends time below this level will be good for Buyers accumulation. According to this theory, Index may spend within range for this Expiry.

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BANKNIFTY Index has given breakout of 41300 level with strong buying sentiment. According to ABCD pattern, Index will again retest 41800 level. 42000 level is strong resistance & might not break in first attempt after Budget session. We expect sideways Market in range of 41000 to 42000 for current Expiry. Break of this range will decide trend towards 46000 level.

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N50 is trading on crucial level. According to Harmonic Pattern, N50 opens window till 17200 below 17800 level. Play positional below 17800 with SL at 17900 R:R is 1:6 for Futures Selling.

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Banknifty is throwing mild bullishness for Intraday session date 04/01/2023 Index spending time below Resistance 43500 is good sign to break it. Banknifty will move 400 points as per Harmonic Patterns. 43900 can be 2nd TOP for M pattern on wider view & Strong Resistance Level for January Expiry, so book profit immediately.

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According to Harmonic Patterns. Above 43300, we have space till 43600 level. Below 43100, we have target 42500 level.