Below 21395 to sell for lower targets. Keep on trailing till market throws you out of the trade. Next Support could come into 20750-20800 zone.
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13:58 Hrs 11th April2017
Last Price@21680
Bank Nifty has to sustain above 21725 for 5-10 mins for taking long positions.
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15:21 Hrs 11th April2017
Last Price@21730
No momentum - price is just doing time pass. Markets about to close. Intrday call we will close -Not taking any risk for home.
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10:25 Hrs 12th April2017
Last Price@21635
Current low@21555
Got out yesterday in long call above 21720. BN falls 150 points in an hour session today.
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14:08 Hrs 12th April2017
Last Price@21660
Bank Nifty below 21700 looks weak - Axis looks weak - SBI looks weak- keep an eye on all.
Trade active
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14:20 Hrs 12th April2017
Last Price@21700
We will trade against 21730 as mind stops & below 21700 -it remains it will be under pressure.
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14:55 Hrs 12th April2017
Last Price@21660
Shall look to book profits in close zone of 21585-21595 -if holds then I will exit - keep a watch -It kissses & starts moving back above 21600 or if remains below 21600 -then more bearish scenario.
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15:10 Hrs 13th April2017
Last Price@21693
Today BN moved in tight zone & below 21700 - I have been telling several times -It is risky to take long positions & specially below 21700 if sustains for 1-2 days more or cracks down even before.
Do check at your end.
Trade active
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17:35 Hrs 16th April2017
Last Price@21686
BN is struggling to go down below 21600 or finding tough to stay on upside above 21750. So, we will trade next only if it crosses 21750 above & stays above that level or selling below 21600.
Trade active
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09:45 Hrs 17th April2017
Last Price@21615
It is looking choppy again & can trap below 21600 if taken short -so I am changing the sell level to 21550 & below as it is not able to stay below 21600 in present situation.
Trade active
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10:55 Hrs 17th April2017
Last Price@21650
Out in time at 21610 from selling - looks like 21730-21750 can be an attempt again - going above 21750 & staying above can be more bullish or we drop again to 21630-21650 post going to 21730-21750 if it hlds on upside.
Trade active
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13:58 Hrs 17th April2017
Last Price@21625
BN loves 21600 so much that it comes close -Kisses & moves away -up- up & away -can it fly like a superman. Be careful 21550 is a leakage point for BN downside.
Trade active
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15:20 Hrs 17th April2017
Last Price@21650
Bingo!
Bounced from 21600 again -this time touched 21650 - Not going down as suggested early morning.
Any sell positions we will take only below 21550. Closing for the day. Enjoy rest of the day.
Comments
kdmangale
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Some kind of HnS Pattern is also about to form.....????
WaveTalks
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@imkdm, Put your chart here. In what time frame.
VadivalPranchi
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By swing trading made enough from this idea for this weekend (Only Option)
WaveTalks
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@ajayww2, Cheers - Good Friday- Enjoy Long Weekends.
VadivalPranchi
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@AbhishekHSinghCMT,
Same 2 U
Now a days No Wine
Following Yogi
DINESH1961
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Great Analysis. I look for only positional as I cannot do intraday. Yr levels are helping me. I am new here and look fwd to yr advise
WaveTalks
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@DINESH1961, Welcome. Positional DIrectional is yet not clear. So we are doing intraday trades.
VadivalPranchi
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If U done so much research in physics instead of stocks India should have a lot of spice shuttle for every common man, Any way Im Short in BN
WaveTalks
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@ajayww2, Good but we need a move below 21395 - to confirm downside.
Ravi_VP
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If it not move above 21700 then formation of Head & Shoulder will be starting and shorting will start at 21395.