ICICI on 1.414 FIB and near 2.618 projection Rejection shows weakness Short below 650 with 675 SL Targets 610 and 600
#banknifty analysis for 17th Feb BN gave breakout on Monday after 6 days of consolidation and today's was a pullback after a breakout. We need to go long on this index, pullback can be today's low or might be a bit more correction till 36,132 levels for a final target of 38.5K on the upside. Decision Zone:- 37,124 - 37,235 Upper Targets:- 37,347 / 37,506 /...
#banknifty analysis for 15th Feb Looks like 36,500 is tough resistance to deal with, if it fails to break we might see a 5 -8 % correction. Decision Zone:- 36,025 - 36,101, trend deciding levels 34,750 Upper Targets:- 36,271 / 36,376 / 36,450 / 36,696 / 36,943 / 37,053 / 37,209 / 37,409 Lower Targets: 35,899 / 35,620 / 35, 456 / 35,099 / 34,741 / 34,232 One...
#banknifty analysis for 12th Feb After 5 days of consolidation, you can expect a trending move on Friday, broader range 35,500 - 36,500, any side range breakout you can expect 600 to 1000 points directional moves. Decision Zone:- 35,743 - 35,796, trend deciding levels 34,750 Upper Targets:- 35,899 / 36,271 / 36,376 / 36,450 / 36,696 / 36,943 / 37,053 / 37,209 /...
#banknifty #ElliotWave analysis on monthly time frame:- Wave 1 is from 2110 to 10,774 is of 8,634 points. Wave 2 is from 10,774 to 3,314 is of 7,460 points, corrected here almost 86% of wave 1 Wave 3 is from 3,314 to 32,613 (29,299) extended 253% of wave 1 Wave 4 is from 32,613 to 16,116 (16,497) corrected almost 56% of wave 3 Move from 0-3 is 2,110-32,613 =...
#banknifty analysis for 5th Feb 6 trading session 5725 point rally, it's too fast & furious rally to sustain and have to cool down. The pattern getting formed is a nonsustainable pattern and will fail (71% elevation can't be sustained) Positional short only below 34,200. Decision Zone:- 35,028 -35,160 Upper Targets:- 35,321 / 35,413 / 35,845 / 35,996 /...
#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 /...
NIFTY STRONG DIVERGENCE QUICK REVERSAL EXPECTED POST ONE MORE HIGH - TAKE CARE
#banknifty analysis for 2nd Feb Decision Line:- 32,167 Upper Targets:- 33,586 / 34,047 / 34,419 Lower Targets: 31,637 / 31,265 / 30,892 / 30,432 Don't short the market, until 32,167 breaks, till then use the dip to go long. 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...
#banknifty analysis for 29th Jan'2021 Decision Zone:- 30,913 - 31,119 Upper Targets:- 31,250 / 31,637 / 32,167 Lower Targets: 30,676 / 30,439 / 30,142 #banknifty took to support and pullback is expected and trend moves to positive only above 31,680. One of the best forms of PA action is not to predict but to act on the price, chart tells you where, when & how...
#banknifty analysis for 28th Jan'2021 Until we cross 30,900, we are into short term bearishness. Decision Zone:- 30,380 -30,625 Upper Targets:- 30,909 / 31,365 / 32,0015 Lower Targets: 30,010 / 29,889 / 29,550 / 28,977 The market is deeply oversold, look out for buying opportunities and if the price reverses from the top then only short, no point selling the...
#banknifty analysis for 27th Jan'2021 Lower side 30,910 is a critical decision point, if the low is breached and holds for 15 mins, the up-move structure will break, and we will enter into a short term bearishness, which gives a lower target of around 29k. On the upside, if we cross, 31,930 and hold then again "all is well" Decision Zone:- 31,256 -...
#banknifty analysis for 25th Jan'2021 We have 4 trading sessions before the budget, the market will be volatile and a directional move is only expected after the budget on 1st Feb'21. The principal rule is, when you have volatility in the market, reduce your risk by reducing the position size. Decision Zone:- 31,356 -31,502 Upper Targets:- 31,620 / 31,738 /...
Only Short when market opens Flat or 50-60 points Up/down. If there's Huge gap up, wait for the trend confirmation or any bearish candle followed with confirmation. Targets are given on the chart . Trade Wisely And Smartly. { Sunday Bank Nifty Analysis Win Streak = 4-0 }
bank nifty at major sup. level if close or sustain below we seen 29500-29000
Distribution phase expected Kindly trade at your own risk. Good Luck 🤞
Buy above and Sell Below levels are given. Simple Low Risk approach: If Bank Nifty Opens, sustains (takes support from 20 ma) and goes up in the Green Zone, buy. If Bank Nifty Opens, sustains (takes support from 20 ma) and goes down in the Red Zone, sell. If Bank Nifty opens in the white zone, wait for the trend to reveal itself. Ignore everything else. This...
#banknifty analysis for 22nd Jan'2021 We have 6 trading sessions before the budget, the market will be volatile and a directional move is only expected after the budget on 1st Feb'21. The principal rule is, when you have volatility in the market, reduce your risk by reducing the position size. Decision Line:- 32,333 Upper Targets:- 32,560 / 32,842 / 33,166 /...