#banknifty view for next week 29th Oct'21 - 4th Nov'21:- Delta Update
In an uptrend, the pullbacks are very common and as long as 50 DMA (37,655) is not violated, the trend remains up, and generally price retracing to 20 DMA ( 39,070) is considered as pull back.
We have an identical set for the 1st week of Oct and will this scenario will be replicated?
#banknifty view for next week 29th Oct'21 - 4th Nov'21:-
In an uptrend, the pullbacks are very common and as long as 50 DMA (37,590) is not violated, the trend remains up, and generally price retracing to 20 DMA ( 38,986) is considered as pull back.
we have an identical set for the 1st week of Oct and will this scenario will be replicated?
I still see no...
#nifty Short term Delta Update for Expiry:-
1st there was a breakout on Monday, followed by an upmove yesterday and today upmove continued followed by a correction in end hours.
The price has entered into an uptrend channel and is expected to follow the path as defined.
Many of the traders might question being given a predictive patch instead of reacting on...
#nifty delta update for the current week ending 29th Oct.
The trend line breakout and last 30 min movement were shown, we are moving for a new ATH:- The study invalidated below 18063 and any breach of levels can result in quick sell-off as well.
Immediate targets:- 18,426 followed by a pullback then moving towards 18,600.
#BANKNIFTY Short Term Positional View for week ending 22nd Oct:- I missed to post the update on TV.
My view remains bearish for the weak, price shooting above rising wedge is not a sustainable model.
The price will fall back to the wedge and you will continue to expect pressure on upside.
#BANKNIFTY Short Term Positional View Delta Update
#banknifty TF-15 min, that's what people will be interested
(estimated 38%-61% projection of whole bounce after 36876 added at 38998)
We might be in an irregular correction.
No change in view
#nifty single trend line analysis:-
Wait for a 30 min candle closure above the trend line for fresh long for fresh ATH by Diwali.
Note:- I am not posting #banknifty analysis, as the nothing conclusive in coming out in my analysis, as the price is in uncharted territory.
#banknifty view for 20th Aug'21:- Additional Views
We are in ABC correction:-Wave C is mostly sharper and faster in Flat Correction. Wave “C” generally extends 123-138% of wave A but sometimes it is so drastic that it can extend 200%-261% of “A”.
The potential reversal levels are marked on the chart, in case of the gap is down don't try to short, wait for...
#banknifty view for 16th Aug'21
Excellent Weekly Closing above 36,000 at 36,169.35, bulls are in full control.
Do you see #banknifty weak?
No, trading above SDMA (5/10/20/50/100) and all trend & momentum oscillators are in buy mode.
What do I do, go long or go short? I don't see any weakness in the market until 35,531 is breached. Till that time, its buy-in...
#banknifty view for 12th Aug'21 #expiry
Do you see #banknifty weak?
No, BN at 35,806 is trading above the majority of SDMA (10/20/50/100) and 5 SDMA is 35,903, and the majority of momentum & trend oscillators are in buy mode.
What do I do, go long or go short? I don't see any weakness in the market until 34,861 is breached. Till that time, its buy-in dips the...
#banknifty view for 10th Aug'21:-
What do I see on BankNifty?
1. Flag pattern and Completion of Wave 4
2. If today's swing low is broken, then also Wave 4 can be anything 35,211 / 35,404 / 35,596.
3. If 36,109 is crossed, then upside for 36,414 / 36,664 / 36,913 gets open.
4. What If 35,612 is broken, wait for the reversal signal to go long.
5. Can I be...
#banknifty view for 9th Aug to 13th Aug'21
#banknifty 35,809 weekly closing is strongest after 15th Mar'21 almost after 4 month.
All Daily Moving Averages, Momentum & Trend Oscillators are in buy mode:-
MA5 35517.90 Buy
MA10 35114.54 Buy
MA20 35181.18 Buy
MA50 35133.42 Buy
MA100 34162.39 Buy
MA200 32632.53 Buy
The majority of pivot...
#banknfity Delta update for4th -6th Aug
What do I see on #banknifty?
Bearish Cypher pattern getting formed and reversal point is 35,602 ( GAP - Resistance ), which falls in GAP area and high probability of reversal.
Still have 400 odd points on upside, trade with cautious.
E.g. One of the important DP is the weekly low, if the weekly low is broken, then only...
#banknifty view for 2nd Aug to 6th Aug'21
Deleted everything from the chart and started fresh for the new month, the view is neutral to bullish, the market in time correction/consolidation, the significant move can be seen after the range breaks.
The view will be changed to bearish below 33,700 only, but don't want to miss out on the next big upmove.
Intermittent view for 27th July:-
The whole day the index remained range bound and hovered around 35000 levels.
If the index fails to sustains above 35k tomorrow, selling pressure might be seen which might drag the bank nifty to 34,700 to 34,350.
Weekly analysis was already posted over the weekend:-
The rest of the view remains the same.
#banknifty analysis for 26th to 30th July'2021
DMA10 35243.66 Sell
DMA20 35213.68 Sell
DMA50 34920.93 Buy
DMA100 34215.98 Buy
Moving Averages (short term), Momentum Oscillators & Trend Oscillators are in SELL mode.
The GAP 35,347 to 35,675 will continue to act as resistance.
We are in correction mode, correction might be zig zag or flat that time...
#banknifty analysis for 22nd to 23rd July'2021
As posted on 16th July: "Be cautious 35,800 to 36,300 range, sudden sell-off can be seen" and there was sharp selloff of 1627 points in two days and as per rising wedge targets, we have already completed the target and today we took bounce from 0.786% of the retracement.
The next support level is 34,234 (100 DMA),...
#banknifty analysis for 19th to 23rd July'2021
Be cautious 35,800 to 36,300 range, sudden sell-off can be seen.
DP:- 35,550 (above +ve below -ve)
Decision Points :- Important reaction points, which price reacting to movements are 34,653 / 35,095 / 35,358 / 35,555 / 35,800 / 36,126 / 36,293-36,320
E.g. One of the important DP is the weekly low, if the weekly...