Bank Nifty Futures
Price action Price Action looks good, decisive bull candles with HH and HL can be seen.
The trend still looks intact on the monthly chart, though a monthly close above the high made in December 2019 would trigger fresh buying in the index.
RSI Rsi went just above 60, now staying above 60, would further confirm the further uptrend in...
This system is very simple when buying or selling any future at any time frame.
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...
NIFTY & BANKNIFTY Weekly Updates:
Monday both NIFTY and BANKNIFTY took resistances at the weekly trend decider and tested lower to do the 1st downside targets before staging a strong reversal from those zones.
NIFTY: If we continue to hold above the Trend decider will look for a bullish continuation to test last week's high.Below the trend decider will expect...
buy intraday banknifty around 32050-08 sl 31900 next buy around 31980-950 sl fixed trg 32280-480 trg 1 , trg 2 today or tomm,, then positionally will short... above 32500 lvls remind u its all futures lvl
---- WEEKLY ANALYSIS 18 JAN ---------------
NIFTY & BANKNIFTY both had a bearish close, and hence will look for rotational continuation as a primary scenario this week.
NIFTY Futures : Weekly Trend decider at 14565. This forms the reference for a bias (bullish/ bearish )
1. Hold below look to tgt 14325/14215
2. Fail to hold below , move above for tgt of...
Bank nifty @ support level, there is no way It can break support.
HDFC Q3 result declared in which the company has shown significant growth.
In RSI BankNifty is 42 which means it is in the undersold zone.