Nifty Bank Futures Key Trading Levels for 9th Dec 2021
Disclaimer: These levels are purely based on Price action/demand and supply zones & and consumed only for educational purpose & should not be taken as buy/sell recommendation. I will not be responsible for any loss/profit incurred if anyone takes trades based on my views.
Please consult your Financial...
Nifty Bank Futures Key Trading Levels for 8th Dec 2021
Disclaimer: These levels are purely based on Price action/demand and supply zones & and consumed only for educational purpose & should not be taken as buy/sell recommendation. I will not be responsible for any loss/profit incurred if anyone takes trades based on my views.
Please consult your Financial...
Bank Nifty has again failed to break resistence of 37000 mark. It has also formed Double Top Pattern at the same. Wait for either to break 37000 or 36700 level to decide the trend. Once broken, once can enter the trade in direction of the trend.
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Bank Nifty on weekly chart is heading towards resistence of 36800. Still on weekly chart if it goes and test current week low then downward movement may trigger and last longer! Support comes to action for 34200
This system is very simple when buying or selling any future at any time frame.
Signal
On the price chart
when the price or candle is over the slope and the trend of CFB and slope is in an uptrend, it is a buy signal, inverse for sell.
On oscillator momentum trader
please turn on the candle color bar.
when the momentum (lines) is green and the histogram...
NiftyBank Futures key Trading levels for 7th Dec 2021
Disclaimer: These levels are purely based on Price action/demand and supply zones & and consumed only for educational purpose & should not be taken as buy/sell recommendation. I will not be responsible for any loss/profit incurred if anyone takes trades based on my views.
Please consult your Financial Advisor...
In yesterday's post, I mentioned the view on the index is bullish and chances are high that it may continue this up move for a few trading sessions.
We have our support levels around 36160- 36200, sustaining which index could move towards 36677- 36711 and it did hit my first target today, closed near it.
Now, this level is where it could face some resistance, ...
As expected, we did see a good move on the upside in today's session, forming a Big Bull Candle
Candle: Bull Candle
Gap up opening
Open low same - Bullish sign
Close near its low.
Now for tomorrow, it is likely that the move that started today, may continue for a few more trading sessions.
Immediate Support: 36189 - 36200, if sustained, the index can move...
Currently BankNifty is performing a Wave 4 , rules of alternation remain intact
Going through the option chain on BankNifty 36800 delta and IV are favorable for a Strike on a monthly expiry as Delta is 0.5 and IV less than 25
As seen on Chart the orange box @ 37000 has the highest number of Call writing , as being a CE it indicates a strong resistance
I'm...
Banknifty is showing signs of some recovery. May go up from here. But the momentum is slow, so we may see the BNF gyrating between 34400 and 37200. Not a lot of money is to be made from scalping. An option seller's paradise
Nifty Bank Futures Key Trading levels for 6th Dec 21
Disclaimer: These levels are purely based on Price action/demand and supply zones & and consumed only for educational purpose & should not be taken as buy/sell recommendation. I will not be responsible for any loss/profit incurred if anyone takes trades based on my views.
Please consult your Financial...
Nifty Bank Futures Key Trading Level for 3rd Dec 2021
Disclaimer: These levels are purely based on Price action/demand and supply zones & and consumed only for educational purpose & should not be taken as buy/sell recommendation. I will not be responsible for any loss/profit incurred if anyone takes trades based on my views.
Please consult your Financial...
