BANKNIFTY – 06/02/2024 Analysis 🏦: Gap Up Opening above 45900 🌅: Wait for prices to sustain or take support at 45835 – 45850, and plan for buy trade for the Target of 46000 – 46191 with the SL of 45712 📈 If prices fail to sustain and start trading below 45712, plan short trade below 45660 with the SL of 45720 for the target of 45334 – 45205 📉 Flat Opening 📉📈: If...
NIFTY – 06-FEB-2024 Analysis 📈📉 NIFTY has undergone a correction move, completing its ABC correction wave on a smaller 15-minute time frame, potentially extending to 21641-21608. Here's a professional rewrite of the trade plan with added emojis: Gap Up Opening above 21800 🌅: Short Trade near 21900 – 21855 📉 with SL of 21930 for the Target of 21750 - 21700 🎯 Buy...
Positive Opening (Above 21900): Sideways to Negative: Anticipate sideways to negative movement in the range of 21966–21855. Potential Downside: On breaking downside, prices may decline towards 21729–21692. Bullish Breakout: Above 21966, expect a rebound towards 22058, a resistance level. New High Possibility: Sustained trading above 22058 could lead to a new...
📈📉 GAP Up Opening (Above 46100): Resistance Levels: If the market opens above 46100, anticipate resistance around 46194–46200. Potential Drop: Prices may decline towards 45940–45863. Bullish Breakout: Sustained trading above 46220 could lead to an upside move towards 46396–46400. Sideways Movement: Possibility of sideways trading with potential for a...
If prices open above 21750: Resistance expected near 21800, potential drop to 21700 – 21650 📉 Sustained trade above 21820 may lead to levels of 21853 – 21923 or back to 21800 – 21750 📈 Breakout above 21950 could signal a new high, testing 22000 – 22100 - 22117 🚀 On a Flat Opening: Initial support at 21653 – 21630; first buying attempt for upside targets of...
BANKNIFTY: Consider buying near 45962 – 45858 with SL at 45800 in case of a gap down or a flat-to-negative opening 📈 If 45800 fails, anticipate a fall to 45587 to 45497 with a potential buying opportunity 📉 Profit booking zone at 46476 – 46363; a gap-up opening in this range might lead to sideways to negative movement, but a sustained break above 46500 could...
Swing Trade Idea: Marathon Nextgen Marathon Nextgen has concluded its correction with an intermediate Wave ABC and is currently attempting a recovery from its Buyer's Zone. Anticipating a price support and subsequent rebound towards new highs, a resistance zone is expected around 460-475. Following a minor correction, the price may target the all-time high with a...
NIFTY : Trading Levels and Plan for 01-Feb-2024 🚀 Gap Up Opening Above 21800! Prices may soar to 21850 and face resistance or trade sideways between 21853 – 21922. If prices drop below 21850 after facing rejection, we might see a dip to 21700 – 21629. 📉 📈 On sustaining above 21930, prices might skyrocket to 22000 and can aim for 22113 - 22180 in the upcoming...
🚀 If prices open with a gap above 46200, we could see a rise to 46319 – 46445. On breaking this range downside, a drop to 46000 – 45866 is possible, with further downside to 45596 if support at 45800 fails. 📉 📈 On sustaining above 46500, prices may climb to 46702 - 47000. 🔄 If prices open between 46000 – 45850, look for support near 45798 – 45800. On failing...
Gap Up Opening 45500 If prices sustain above 45500 for 1 hour, buy trade 📈 for the target 45771 with SL of 45440 🎯 If prices don’t sustain at 45500 and start trading below 45440, short trade 📉 with SL of 45500 for the target of 45141-45042 🎯 Flat Opening Buy Near 45120 – 45100 📈 with SL of 45040 for the Target of 45440 – 45600 🎯 Short below 45000 📉 for the...
Gap Up Opening above 21600 Short trade 📉 with SL of 21660 for the target of 21500 - 21450 🎯 Buy trade 📈 if sustain above 21700 for the target of 21800 - 21847 🎯 Flat Opening Buy trade 📈 near 21460 - 21450 with SL of 21400 for the target of 21600 – 21656 🎯 Short trade 📉 if prices start trading below 21400 for the target of 21300 – 21280 with SL of 21473 🎯 Gap...
Gap-up Opening above 21800: Expecting a gap-up opening above 21800. Anticipating consolidation in the range of 21917 – 21826. Consider short trades below 21800, targeting 21631 with SL at 21830. If prices sustain above 21920, explore buying opportunities for an expiry target of 22200 – 22220 with SL at 21820. On Flat Opening: Look for buying opportunities near...
🏦📅 Gap-up Opening above 45700: Plan buy trades near 21640 for a target of 45916 – 46041 with SL at 45530. Sustained prices above 46050 may lead to higher levels of 46360 – 46485. Flat Opening: If prices open flat around 45480 and trade lower, consider buying near 45200 – 45150 with SL at 45050 for a target of 45500 – 45900. Gap Down Opening Below 45238: Buy...
Gap Up Opening above 45300 Buy trade if sustained above 45300 🛑 Stop Loss: 45280 | 🎯 Targets: 45588 – 45724 Flat Opening If prices trade below 45000 Buy near 44800 with 🛑 SL: 44750 | 🎯 Target: 45200 Gap Down Opening below 44800 Short trade if prices break 44750 🎯 Targets: 44550 – 44486 | 🛑 SL: 44850 Buy near 44500 with 🛑 SL: 44450 | 🎯 Target: 45000
Gap Up Opening above 21500 Buy trade if prices find support at 21485 – 21460 🎯 Target: 21618 | 🛑 Stop Loss: 21450 Consider Short Trade If prices fail to sustain above 21485 and trade below 21400 🎯 Target: 21300 – 21260 Flat Opening Sideways movement expected between 21485 – 21400 Consider trades based on the direction of the breakout Gap Down Opening below...
Gap Up Opening Above 45200 Buy trade if sustains and trades above 45352 🎯 Target: 45670 🛑 SL: 45200 Short trade if faces resistance and starts trading below 45200 🎯 Target: 45000 – 44800 Flat Opening No trade suggested until support or resistance is identified Gap Down Opening Near 44600 Buy trade near 44600 with SL of 44540 🎯 Target: 44800 – 45000 –...
NIFTY – 24-JAN-2024: Levels and Strategy 📈📊 Gap Up Opening near 21400 Short Trade if prices face resistance near 21403 – 21471 🎯 Target: 21250 – 21220 Buy trade if sustained above 21471 🎯 Target: 21629 🛑 SL: 21400 Flat Opening Buy trade near 21200 – 21180 🎯 Target: 21403 – 21471 🛑 SL: 21150 If prices start trading below 21150, support expected near 21000 –...
GAP Up Opening Above 21200 If prices sustain above 21200, Buy Trade 🎯 Target: 46335 – 46438 🛑 SL: 46240 Breakout Range Trade If prices trade higher with the first tick and within the range of 46335 – 46438 Flat Opening Short Trade if prices start trading below 45902 🛑 SL: 45970 🎯 Target: 45480 – 45389 Buy Trade if prices sustain above 46160 🛑 SL: 46070 🎯...