Hello Fellow Traders, I have created a trading strategy on BankNifty based on Market Internals - Advance/Decline Volume and TICK These Market Internals, also known as Breadth Tools helps in identifying the overall market sentiment. Just doing some technical analysis on Price action doesn't provide good results. Price action along with Volume gives a meaningful...
Watch out for upper levels.......going short on break of mentioned level will be a good idea.....respect risk
hi, First happy to all of you... We had seen a massive blood bath from couple of weeks and main question is when it will gonna to stop and where is the bottom of index, Well Index is currently trading on Harmonic PRZ. Did take a bounce from here in last trading session but remember harmonic predict only swings . Harmonic prz not a signal for trend change. we will...
Long @28377 Target 1> 30703 Target 2> 32505 Sell @ 27160 Target 1 >26000 Target 2 > 25150 My personal view Corona threat can bring market fall but every fall from now I will be buying index Rsi in oversold zone Macd in bullish zone
This is the second time that banknifty test Harmonic PRZ level and give dot reversal. 31500 is the #Resistance area. Build long above it and short position can consider lower then 31200.
Hello all, We are accepting a correction yesterday from our harmonic prz levels. It's give around 200 points correction exact from harmonic 1.13 levels but RBI policy changed the market mood and movement . as per behavior wise Bank nifty is still bullish . Consolidate on resistance area is a dangerous sign. Today Range is 31050 to 31490 . We can see an another...
Go short in bank nifty for target as mentioned in the chart, volatility is there but good to go sell on rise.
Assuming the fast slide on bank nifty over the past couple of weeks to be the primary trend, I conclude this to be a slower retracement towards 61.8 percent of fibs, a buy from the given levels would be recommended; with an aggressive stop at the red mark
NIFTY Bank Index is comprised of the most liquid and large capitalised Indian Banking stocks. It provides investors and market intermediaries with a benchmark that captures the capital market performance of Indian Banks. Nifty Bank has been rallying for weeks breaking all time highs at 28400 a few weeks ago. There is a very strong weekly demand imbalance created...
Hello all, Just give support and resistance levels into the chart. Keep this Levels in your mind when you're setup trade into Banknifty futures or options.