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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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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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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...

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This trading plan outlines potential entry and exit points for BANKNIFTY based on different opening scenarios on May 16th, 2024. Remember, this is for informational purposes only and should not be considered financial advice. Opening Scenarios: 1. Gap Up Opening Above 47,850 Long Entry: If the price opens with a significant upward gap exceeding 47,850 and...

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This trading plan outlines potential entry and exit points for NIFTY based on different opening scenarios on May 16th, 2024. Remember, this is for informational purposes only and should not be considered financial advice. Opening Scenarios: 1. Gap Up Opening Above 22,300 Long Entry: If the price sustains above 22,310, consider a long trade with a stop-loss...

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Analysis of Potential Opening Scenarios: Gap Up Opening: A gap up opening above 48000 with support at 47978 could see BANKNIFTY trading between 47950 – 48109. Breaking above 48109 may lead to higher levels at 48416 – 48616, while breaking below 47950 could trigger a drop towards 47697 and further to 47460. Flat Opening: In case of a flat opening, BANKNIFTY may...

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Analysis of Potential Opening Scenarios: Gap Up Opening: If NIFTY opens with a gap above 22300 and maintains itself above 22305 for the first hour, it may continue to rise towards the target level of 22436. However, failing to sustain above 22305 and dropping below 22280 could lead to a retracement rally towards 22170 – 22148. Support might be found around...

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Overview: Similar to NIFTY, BANKNIFTY exhibited a strong recovery from lower levels in the previous trading session, closing above a key resistance zone. Today's plan examines potential scenarios post-initial relief rally. Gap Up Opening: If BANKNIFTY opens with a gap above 47950, anticipate sideways movement between 48109-47977. A drop below 47950, followed by...

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Overview: Yesterday's trading session saw NIFTY edging towards a recovery from the lower levels, with prices closing just above a significant resistance zone. Today's plan hinges on whether this rally will sustain or if profit booking will dominate. Gap Up Opening: If NIFTY opens with a gap above 22175, look for it to find support in the range of 22153-22175. In...

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Similar to NIFTY, BANKNIFTY witnessed bearish dominance last week, closing with a bearish weekly candlestick, yet maintaining a crucial support level around 47305 on the hourly timeframe. For the upcoming week, two key scenarios are under consideration: 1. Gap Up Opening: In the event of a gap up opening above 47700, sustained closure above this level without...

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The recent week in the NIFTY index has witnessed a notable downturn, culminating in a red bearish candlestick. Although there are indications of a potential recovery on lower time frames, there hasn't been definitive technical confirmation yet. For Monday's trading session, two key scenarios stand out: 1. Gap Up Opening Above 22150: If the market opens with a...