nmcapital44

nmcapital44

The following chart is about understanding market structure of any stock or index You can spot HIGHER LOW and LOWER HIGH FORMATION. Draw these line every time you trade to understand market better. Hit like if you are learning from our posts.

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On 5 min time frame banknifty made a bull flag pattern. I have attached the pattern example Breaking above the flag high is a good buying opportunity.

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Nifty breakout is placed at 16800 Let it cross and sustain the same Next target will be 17000 to 17150. Closing above 17000 will make it bullish.

nmcapital44 Updated 

Since morning nifty was gaining and banknifty was under performing. On a smaller time frame banknifty was making lower low formation.

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Banknifty trading setup Buy above 33270 Target 33500 Sell below 32870 Target 32630, 32550

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Buy setup Buy nifty above 16030 Target 16130 Sell setup Sell nifty below 15950 Target 15890, 18820

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Nifty intraday breakout 15770 Nifty holding near the low and not trading below intraday support. Breaking above 15770 will be a good intraday buying opportunity.

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Banknifty 5 min and 15 min chart Banknifty is holding the low and trying to sustain. We need one higher low formation in order to gain some strength. On 5 min chart wait for a higher low formation and then buy Sl will be previous swing low.

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Sell below 15740 Target 15700, 15660, 15600 Buy above 15900 Target 15950, 15600

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Buy setup Buy banknifty near 32370 to 32470 when you get any bullish candle near this zone Target 32550, 32640, 32770 Sell setup Sell only below 32000 Target 31820, 31600

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Gail is in consolidation from long time. Breakout above 170 Sl 160 Target 200.

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On 15 min chart nifty made a flag type pattern Breaking above 15945 will trigger buying Breaking below 15880 will trigger selling

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On daily chart banknifty trading in a down channel. 34000 is strong support Closing below 33900 target 32000 1 or 2 day consolidation near 34000 then breaks 34500, target will be 36000. Wide range to play.

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16200 is crucial support for nifty. if breaks this support next target will be 15900 followed by 15700. Weakness will continue until close below 16400.

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Bitcoin is in consolidation and made 12000 points range. We can see double bottom pattern on the daily chart. Trading setup Buy above 46000 Target 1 - 52000 Target 2 - 58000 Stoploss below 2 days previous closing.

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Nifty 16600 strong support 16800 strong resistance. I am expecting this expiry to be range bound.

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After gap up opening banknifty fell down and fill the gap. Key level for expiry are 35000 strong support 35500 strong resistance. Option writers use this level to short.

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Sell nifty below 16550 Target 16500, 16480. After open gap down nifty is made a range This range will break down below 16550