Hello traders, Previous session banknifty exact above the important resistance level and managed to close on higher level, which shows market has gained some strength, but still it's not in bullish zone. So 1. If banknifty opens gap up above 36830 ,then it's no trading because premium eating will carried out till 1 pm. Even if banknifty gives breakout above red...
Do use this chart to take long and short. Clear cut
Banknifty currently in no trading zone as it can it premium in between 35750 and 36800. I know it's a big range. 1. Either short near 36800 or short of 35750 breaks. And wait for long targets. Till then just wait. Sure profit will come. It's a game of patience.
Hello traders, We will keep the analysis simple. Clearly banknifty as of now travelling in a downward parallel channel. So finding bearish trades are much favourable. 1. Positional trade will be if any time banknifty closes below 36830 then straight away targets will be 35600-800. With sl of 37050. 2. If banknifty opens flat or gap up try taking put position...
Hello traders Nifty appears to be travelling in parallel channel. Even it has given a bearish sign too going below center dotted line and taking a rejection too. So 1. Opens flat and breaks 17280 then take put with sl of 17335. Target 17160. 2. Opens flat and goes up then take put near center dotted line, with sl going above center dotted line. Target will be...
Nifty again took support on that black trend line. Any closing below this and market is heading much much lower. Let market give some upside . It's sell on rise market. Charts will be updated regularly.
Hello traders, Clearly banknifty is bullish only and only above 38900. Till then it is sell on rise market I have drawn a parallel channel and request you all to draw the same it might help you. 1. Market opens flat and breaks today low immediately short it with sl of 38520 for targets 38000 and 37700. 2. If market opens gap up but inside that channel then again...
Hello traders. We will keep it simple. 1.Market opens flat and take resistance of green trend line then take put with sl of just over trend line. 2. Market opens gap down just below 17300 or near , straight away take put with sl 17350 target 17130 3. If market opens gap up above green trend line then avoid trading and if it again comes inside that green trend...
Watch out for this point 38650-700. On price action confirmation take a short trade. With small sl
Nifty near 38% retracement level around 17600. Wait for today's closing, if bounces from there will be a good bounce. Watch out for that line and level.
Banknifty near very important support. Closing above 37770 will be bullish towards 38500. And closing below 37530 will be very bearish. Try taking a small risk if comes. Near 37530 buy a 38000 ce with 25 point sl. Just 25 point not more than that. Targets will be open.
Chart says it all , do see the analysis attached with this. Bang on . Do follow and give likes. Join on links which is provided in tradingview. Thanks.
Yup patience is the key. Please read the analysis attached with it. FOMO is a very very bad bad thing. Look so beautifully it gave a fall. Stay connected and do follow and do give some likes.
Hello traders, Please read all the previous analysis, that will give a better clarity in this. 1. We have seen a correction from 38830 level which was 61.8% retracement level of two month swing. Now IFFFFF banknifty somehow reaches near right shoulder vertex. Or near 37550-600 level. That will be a very good RISK to REWARD ratio trade. A call of next expiry can be...
Hello traders, 1. Banknifty if opens flat can give a good trade. Breaking either side of rectangle, will straight away give 250 points. 2. Banknifty is already inside the parallel channel, which shows it is already in weak zone. Higher chances are there that it can touch 37750 if breaks 38050. 3. We will atleast for today will not for call options. Let it close...
Please read the analysis attached with it. Chart says all. Just try to find good risk to reward trade.
Hello traders, Still the same chart. You might have got bored, but there is no other option. 1. If opens flat and breaks 38400, then buy put for a target upto 38200. 2. If opens gap up more than 100 points then avoid any call option. For positional traders. If banknifty again enters inside blue parallel channel then go for target upto 37550. And if today...
Hello traders 1. Clearly it's been almost a month that nifty is travelling in that blue parallel channel. Till the time it doesn't break the channel downawards don't take put. I know retailers are getting restless for taking puts or short position, many of you might have already taken and averaging it. But till the time chart doesn't say I would not recommend to...