Follow the levels and trade according to the risk management.
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#26-OCT: Weekly plan for NIFTY & BANKNIFTY #NIFTY key reference 11930-50F & 11890F areas #BANKNIFTY Key reference 24650F on upside , 24350F/24100F on downside #NIFTY key areas for the week are 11950F- Hold above for a bullish move to 12050/12100F Failure to cross 11950F , look to rotate to test 11890F, Below that is main bearish thesis to test lower to 11740F...
I have drawn the bullish and bearish probability before market opening. Please mark those levels and trade according to the risk managment
Both supply and demand zone is marked in the chart , dont trade until breakout of price either side. If break the demand zone then a fall may observe in this coming week and break supply zone then a big bull may come in this week. Till the point Banknifty future is standing on a neutral zone with slightly bullish mode.
Those white and black candles indicate large volumes in 5 mins. Where smart money is involved. As per this study, big fall possible below 24200. Big up move possible above 24800. Till then range bound move is anticipated. However with in the range big candles can form, as both buyers and sellers are in fighting mode. Those lines can act as support &...
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Based on trendlines.
As discussed earlier Bank Nifty future traded between 24330 and 24900 . Range :24330-224900 Decision Level :24460.Above & below :Bullish & Bearish. But the overall trend is bullish. Bank Nifty can touch the recent high of 25200 and above the level 25600 may possible. Above 24580 : T1 24768 T2 24880 T3 25025 ...
Bank Nifty future may trade between 24330 and 24900 Tight range 24460-24885 SGX nifty indicates muted opening. Markets may not fall much as FIIs pump in huge amount of money everyday.although DIIs have sold for Rs 2020 crores in Cash market. There is no announcement regarding Stimulus. Bank Nifty can touch the recent high of 25200, if the positive sentiment...
Bank Nifty future may trade between 24200 and 25000. Today weekly expiry, as usual Bank Nifty is likely to be very volatile. Yesterday it was up 500, then down 700, then up 600. SGX nifty indicates mild gap down opening. Markets may not fall much as FIIs pump in huge amount of money everyday. Bank Nifty can touch the recent high of 25200, if the positive sentiment...
See all my Publications if it seems to give you both knowledge and profit then only like subscribe and share to to your near and dear. My sincere thanks to my masters trading panthulu, Nayan pokarkar and day trader Telugu
BN Chart Study on 15 minutes TF While opening today, BN price jumped off from yesterday closing area i.e. S&D Area-1. It consolidated little in S&D area-2 and then moved out to open area. It got the similar force of supply which it has seen on 12th & 13th. If you compare the price structure of today with previous day's, it looks like similar except the...
If BNF breaks the level 24460. Tgt may be 24550/24758/24909 Sl 24220 If breaks the level 24220 24050/23800 can possible. My sense is Bnf may go 24050. Shorting may be good rather than long for today.
Sl 24220 Tgt 24525/24648 If BNF breaks the level 24429 and sustains 5 min. a sharp upmove may possible.then a tight Sl 24380. Disclaimer: Ideas for learning Only.
#NIFTY Key areas is ability to hold above 12865 areas for bullish continuation Failure to hold above will likely turn the week as a rotational week. 1. We will look to rotate to test 11820F /11750F 2. Above that the move to 11925F is still on #BANKNIFTY key levels re 24200-250 from previous session, 1. Ability to hold below will likely to test 24385F and...