#banknifty analysis for 11th Feb #expiry In the last 4 day's bulls can consolidate on the higher side and this is a good sign and signifies time correction, either we carry on with time correction for the next couple of days before again moving up. In the ascending triangle formation, a breakout on either side has to be tracked and positional trades have to be...
There is always something about some price and Thats why the prices tend to narrate their story- a story where each price differentiates from the previous one. The same was about the strong reaction on 10th Feb in last few minutes. Banknifty recovered 500 points to close above the support point which has been tested multiple time. Based on the fact we deduce three...
#banknifty analysis for 4th Feb #expiry special 5 trading session 5220 point rally, divergence on RSI & MACD crossover on the verge, but the price needs to confirm the corrective wave. It's too fast & furious rally to sustain, better to book out the profit. Positional short only below 34,050. Decision Zone:- 34,583 - 34,655 Upper Targets:- 34,791 / 35,321 /...
we present the blueprint of range for today's expiry as BN is opening gap down.
#banknifty #expiry special 7th Jan'2021 Decision Zone:- 31,765 - 31,786 Resistance :- 31,865 - 31,909 & Support :- 31,510 - 31,548 Two types of movement are expected one is range bound and the other is breakout trades. Upper Targets:- 31,891 / 32,126 / 32,272 / 32,382 / 32,507 Lower Targets: 31,655 / 31,510 / 31, 350 / 31,257 / 31,100 Positional selling...
#BankNifty Trading Strategy for 31st Dec'2020 (Year-end #expiry) 31,650-31,750 is a very important level, but the upside breakout of an uptrend does not sustain and fall back to the channel, if this doesn't happen on expiry, then might be in the next couple of days. I will be very cautious with my trades. Decision Zone:- 31,240 -31,360 Smaller Range:- 30,650 -...
Banknifty today's expiry day range
#expiry #BankNifty Trading Strategy for 24th Dec'2020 Wave 5 is completed, the First leg of correction Wave A seems to be complete and we are in Wave B of pullback. 30,345 is a significant level on the chart, the short term bearish trend changes above 30,345 Decision Zone:- 29,754 - 29,858 Smaller Range:- 29,573 - 30,045 Medium Range:- 29,236 - 30,291 Upper...
#BankNifty Trading Strategy for 17th Dec'2020 Decision Zone:- 30,712 - 30,763 On Public Demand, added the new section trading range:- Smaller Range:- 30,521- 30,890 Medium Range:- 30,398 - 31,080 Larger Range:- 29,654 - 30,450 Upper Targets: 30,890 / 31,020 / 31,092 / 31,243 / 31,450 Lower Targets: 30,567 / 30,481 / 30,202 / 30,027 A rising wedge is not a...
Bank nifty expiry range is being developed considering three possible scenarios- Opens Flat, Gap up or Gap Down. Two cases out of three must be bullish biased while the gap down would make the bullish nature slow and can lead to sideways movement. Consider your SL , can do strangle options selling . Close positions around 1:30 , STRICTLY before 2 pm. Violent...
#Expiry Special Analysis for 10th Dec'2020 Bearish Butterfly:- Condition Met, This reversal pattern forms in an uptrend. XD ( 1.27 - 1.618) :- 1.483 AC (0.382 - 0.886) :- 0.772 Sell Below 2nd bar low:- 30,590 SL 30,807.25 harmonic target 1:- 62 - 79% XA 30020, 29805 harmonic target 2 :- 127-162% XA 29,532 / 29,185 / 28,744 Decision Zone:- 30,590 -...
#banknifty #expiry view on 3rd Dec'2020. Decison Zone:- 29,268 - 29,362 Upper targets:- 29,441/ 29,602 / 29,750 / 29,913 Lower Targets:- 29,149 / 29,950 / 28,655 / 28,236 / 27,824 SL for all positional long is 28,800 Any crack can pull BN immediately to below 28k. Weekly Range:- Smaller Range:- 28,900 to 30,200 Larger Range:- 28,500 to 30,700 Always...
Here is the indicative range for expiry trading . Profit ! Keep SL !!
#expiry special #banknifty view on 26th Nov'2020. Decision Zone:- 29,351 - 29,440 Upper targets:- 29,595 / 29,790 / 29,969 / 30,197 Lower Targets:- 29,250 / 29,132 / 28,994 / 28,666 - 28,534 Trend Reversal levels:- 29,520 Elliott Wave:- Wave C target 1 is done, really don't know target 2 will be achieved or not. SL for all positional long is 28,580 Always...
#banknifty view on expiry Decision Line:- 29,608 Upper targets:- 29,914 / 30,220 / 30,515 / 30,702 / 30,998 / 31,180 Lower Targets:- 29,460 / 29,334 / 29,030 /28,799 Trend Reversal levels:- 29,030 Elliott Wave:- Wave 5 likely in progress:- Wave 1 is 23,612.70 to 25,733.35 :- 2,160.65 Wave 5 starting point is 27,703.30 0.382 28,528 Done 0.5 28,783...
Banknifty revised expiry range
#banknifty:- Almost no change in view from yesterday to today Decision Zone:- 25,670 - 25,923 Upside:- 26,150 / 26,300 / 26,500 / 26,790 Downside:- 25,384 / 25,211 / 25,054 / 24,823 Keep 100 to 120 points as SL. Don't be short if BN crosses 26,311 then we are heading for 26,765/ 27,798 / 28,325 ( Yes 2000 point rally), but before this BN has to cross the...
#banknifty keeping the analysis simple. Decision line:- 24,596 above long & below short. Will prefer to go long above the red resistance line ( above 25k only) As per wave structure, the minor impulse wave is done today & we see a corrective wave. Buy Above 24600 T 24820,24050 and 25,180 Sell Below 24600 T 24384,24250 and 24125 Will avoid aggressive long, as...