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Gap Up Opening: If BANKNIFTY opens above 48,600 and sustains this level for the first trading hour, traders should consider buying with a stop-loss at 48,500, targeting 48,975-49,043. If prices do not sustain the opening level and break the last session's low, expect a drop to 48,272-48,216. Flat Opening: For a flat opening, if prices face resistance at 48,562...

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Gap Up Opening: If NIFTY opens above 22,750 and sustains this level for the first trading hour, it is likely to target 22,816-22,834. Resistance may be encountered at these levels, leading to sideways trading. Should the price trade above 22,834, a sharp upward movement towards 22,897-22,900 can be expected. However, if the price fails to sustain the gap up and...

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Based on recent price movements, NIFTY has experienced a decline as anticipated, yet it hasn't fully completed its corrective structure. Here’s the detailed trading plan for Wednesday, May 29, 2024: Gap Up Opening: Opening Above 22920: If NIFTY opens with a gap above 22920 and sustains above 22950 for the first trading hour, it may trade towards the 23011-23027...

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Similar to NIFTY, BANKNIFTY has shown a corrective move but hasn't completed its structure. Here’s the detailed trading plan for Wednesday, May 29, 2024: Gap Up Opening: Opening Above 49200: If BANKNIFTY opens with a gap above 49200 and sustains above 49300 for the first trading hour, it may move towards the 49363-49404 range, where it could encounter initial...

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After meeting the target of 48333, BANKNIFTY traded up to 49667, sustaining that level for a considerable time. However, profit booking towards the end of the session led to a close below the day's target of 49333, establishing a fresh resistance at 49634. Here's the trading plan for Tuesday: Gap Up Opening Scenario: If BANKNIFTY opens above 49450 and...

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On Monday, NIFTY showed a recovery from its initial dip, sustaining above 23059 for some time. However, it experienced a drop before reaching our target of 23142 and managed to hold the lower band of the profit booking zone at 22915 in the last hour. For Tuesday, we anticipate a continuation of the correction structure followed by a recovery. Let's discuss...

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Gap Up Opening If NIFTY opens with a gap above 23050, prices are likely to find support at 23000, targeting levels between 23100 and 23142. However, if prices do not sustain this level and the first-hour candle closes below 22920, consider short trades targeting 22800 to 22750. Flat Opening In the case of a flat opening, prices may move upwards after finding...

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Gap Up Opening If BANKNIFTY opens with a gap above 49000 and sustains this level for the first trading hour, expect an upside move towards 49080, potentially extending to 49333. If unable to sustain, prices may trade sideways between 48760 and 48602. A further drop below 48550 could target 48417, providing a support level for buyers. Flat Opening Should...

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After the impressive movement we saw on Thursday, 23 May 2024, where prices hit our targets precisely, we might expect a more relaxed trading session on Friday, 24-May-2024. However, we should be ready for various scenarios. Here’s our plan: Gap Up Opening Above 23000: If prices open above 23000, they might face resistance near 23059 and trade sideways. Above...

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After the excitement in BANKNIFTY on Thursday, we expect a quieter session on Friday, 24-May-2024. Here’s how to navigate different opening scenarios: Gap Up Opening Above 48850: If prices open above this level and sustain for the first hour, they can move up to 49000-49080. Below 48760: If prices can't sustain above 48850 and drop below 48760, expect sideways...

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Context: On the 22nd of May, 2024, NIFTY traded near its resistance level of 22586 throughout the day. Due to the Bank NIFTY expiry, prices remained muted until the last 30 minutes, when we saw a breakout. NIFTY closed above the resistance level of 22586, confirming an upward move for the next trading session on the 23rd of May. Trading Strategy: Gap Up Opening...

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Context: On the 22nd of May, 2024, BANKNIFTY experienced volatile price movements. Despite recovering from the day’s low, prices closed below the resistance zone of 48080-48180. Here’s the plan for the 23rd of May: Trading Strategy: Gap Up Opening (Above 48000): If BANKNIFTY opens above 48000, buyers should consider buying if prices sustain above...

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Overview On 22-May-2024, BANKNIFTY took support at the marked opening support zone, breached the upper band of the resistance zone but retreated back near the lower band, signaling a potential reversal. Here’s a detailed plan for trading BANKNIFTY on 22-May-2024 (expiry day). Gap Up Opening If BANKNIFTY opens above 48150: Sustains above 48180 for the first...

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Overview On 22-May-2024, NIFTY closed near the lower band of the profit booking zone (22517 – 22586) after facing rejection from the upper band. This suggests a potential retracement move. Here is a detailed trading plan based on different opening scenarios for 22-May-2024 (Wednesday). Gap Up Opening If NIFTY opens above 22560: Sustains for the first hour and...

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Overview: Saturday's session saw insignificant price movement due to low participation, closing on a slightly higher side but not enough to alter Friday’s levels. Here’s the expected movement based on different opening scenarios for Monday, 20-May-2024. Gap Up Opening Above 48350: Initial Movement: Prices may first move towards 48415 – 48450. If prices sustain...

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Overview: After the special trading session on Saturday, NIFTY reached the upside target of 22518, which is the lower band of our profit booking range (22518 - 22586). Due to limited market participation, the price change was insignificant. Here’s what to expect for the trading session on Monday, 20-May-2024, considering different opening scenarios and potential...

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Market Outlook: This plan outlines potential trading strategies for BANKNIFTY on May 17th, focusing on optimal entry and exit points based on various opening scenarios. Trading Strategies: Gap Up Opening: Entry: If BANKNIFTY opens above 48050 and finds support at 47976, consider a long trade. Target 1: 48127 (potential sideways movement after initial...

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Market Outlook: Following a volatile "dot-to-dot" session on Thursday, NIFTY may experience a pause in activity on Friday, May 17th. This plan outlines potential trading strategies based on various opening scenarios. Trading Strategies: Gap Up Opening: Entry: If NIFTY opens above 22450 and finds support at 22435, consider a long trade. Target 1: 22517...