BANKNIFTY may fall down if we check for the 3 months candle movements
Hi, having a good trade thesis is half the job done , rest is observation and execution. Lets make the trade plan simple for the expiry. Key reference at 23800F . Bullish on hold above and bearish on hold below Hold of 23800F we will sell PE's and hold below that we will sell CE's The fact that maxpain is at 23800 also makes it interesting.
Banknifty 24448 by 3rd Sep. We all know that there is a case hearing tomorrow and banks are going to be affected by it. But banknifty is behaving as if it knows what's going to happen. Let's see....
JUST LOOK AT FIGURE AND JUDGE WHAT MIGHT BE THE PATTERNS APPEAR? SEE ALL MY PUBLICATIONS, IT TAKES AT LEAST 30 TO ANALISE FROM DIFFERENT ANGLES, IF THE ANALYSIS SEEMS TO GIVE BOTH KNOWLEDGE AND PROFIT, THEN ONLY LIKE SUBSCRIBE AND SHARE TO YOUR FRIENDS. IF ABOVE 24146 THEN W PATTERN SEEMS A GOOD BULLISH . IF BELOW 23466 THEN IT IS A HEAD AND SHOULDER PATTEN...
DEMAND AND SUPPLY ZONE. SEE ALL MY PUBLICATIONS, IF IT GIVES KNOWLEDGE AND PROFIT THEN LIKE, SUBSCRIBE AND SHARE WITH YOUR FRIENDS.
Head and shoulder in bank nifty and double top in nifty is going to form.
DEMAND AND SUPPLY ZONE. SEE ALL MY PUBLICATIONS, IF IT GIVES BOTH KNOWLEDGE AND PROFIT THEN ONLY LIKE REFER TO YOUR FRIENDS. MY SINCERE THANKS TO MY MASTERS TRADING PANTHULU AND NAYAN POKARKAR.
BANK NIFTY SUPPORT AND DEMAND AREA. SEE ALL MY IDEAS, IF IT THINKS ALL OF THEM ARE KNOWLEDGE GIVING AND PROFIT MAKING IDEAS THEN ONLY LIKE ME. MY SINCERE THANKS TO MY GURUS TRADING PANTHULU AND NAYAN POKARKAR.
Clearly BankPSU has a lot of catch up to do. CNXIT and Pharma index have outperformed the Nifty by a big margin.
SELL BANKNIFTY FUT @23235 SL 23300 TG 23100-23000