banknifty can resume bearish sentiment however we can best fit the above black lines to plan for expiry day .
#banknifty analysis for 12th May'2021 #Expiry The regression line shows we are moving up only, on a daily time frame we are neutral. This indicates, either we will consolidate or move up. I don't see weakness until we close below 32,500. Decision Zone:- 32,875 (Above positive & below negative) Resistance:- 33,150 / 33,297 / (33,320 - 33,455 ) Support Zone :-...
A stangle on both the side bounded by 33500 on lower end with 34000 on upper end is an estimated range, any overnight change must be looked upon with behavior on OI data
GME reacted to strong demand and broke the descending trendline. Now I am expecting price to start to break higher from here, most likely to new all time highs. Long bias on GME :)
We try to define tomorrow's expiry range
#banknifty analysis for 8th April:-#expiry Decision Zone:- 32,875 - 33,045 Resistance Zone:- 32,250 / 33,512 / 33,700 / 33,990 Support:- 32,665 / 32,400 / 32,100 / 31,800 - 31,950 There is lots of information in the analysis:- Just need to watch with open eyes and post on comments what you see.
#banknifty analysis for 1st April:- Decision Zone:- 33,411 - 33,527 Resistance Zone:- 33,698 / 33,990 / 34,360 / 34,650 / 35,100 Support:- 33,310 /33,175 / 33,050 / 32,751 / 32,500 / 31,600 We have mount Everest seating at 34,360 - 34,650 zone, where sell-off might trigger again and if these levels are crossed, we might see 36,500. One of the best forms of...
#banknifty analysis for 25th Mar:- #expiry Decision Zone:- 33,390 -33,490 Resistance Zone:- 33,700 / 34,275 Support:- 33,000 / 32,751 - 32,877 / 32,488 / 32,050. Daily closing below gap of 33,305 - 33,583 is not at all a good sign, the next support is 32,877 (breakout restest) & 32,751 (61.8% of the fall)zone if this fails to hold we move back to 31,404 (last...
Banknifty is following a downward trajectory where the bias was clearly bearish in nature out of the data on wednesday. We expect it to expire within the above modest range considering three possibilities .
The kind of move we got today, reinforces the belief for a comfortable range bound expiry. I tried to be as moderate as possible to carve out the ranges. Lets watch tomorrow how we perform
We take three possibilities based on the type of opening. All expected to have same end result
#banknifty analysis for 10th Mar: #expiry 8021 point up-move is followed by correction of 3050 points (around 38.2%) and now we are consolidating for 2 weeks. Currently, the range is 35,100 to 36,100 and the new move will be only outside this range. Decision Zone:- 35545, above positive & below negative How to Trade? Play the range of 35100 to 36100 and...
A short entry can be made at the marked black line - which denotes volume profile price at which maximum volume trade has taken. A rejection at the black line will intensify the speed of fall and a better R:R can be maintained.
We take deduction from price action and volume to approximate the expiry range for today.
#banknifty analysis for 4th Mar - #expiry Special Decision Zone:- 36,063 - 36,263 Upper Targets:- 36,434 / 36,643 / 36,910 / 37,056 Lower Targets: 35,959 / 35,823 / 35,665 / 35,378 My basic analysis remains the same:- One of the best forms of PA action is not to predict but to act on the price, chart tells you where, when & how to act on price. Wait for the...
We try to re assess the levels for expiry day for today in banknifty . All the best.
Banknifty is testing the multi day balance lows. Given its Expiry first bet will be to see a hold of these zones. If it Doesn't can see a quick slide to test 36600/300F areas. Refer to the weekly analysis video as well for larger zones.