Preferably long above 19,732 with SL of 19,450 target of 19,900/20250/20500/21,100 +++
Yellow Zone is no trading zone, above +ve & below -ve.
Short calls, only during market hours, if I see any opportunity else ake short position.
Positional Target of 18500 achieved.
Fresh selling below 18,350, SL 18,500 T 18,150/18,000/17,800/17,500
Positional Long-only above the GAP (shown in chart).
Intraday long (low probability trade), above 18500, SL 18350 T 100 to 300 points.
For specific queries or help pls reach out to me.
Levels on Chart, the breakdown has happened, need to wait at 1st hour to take any trade.
The extended downside target for the next 5 days, 18500/17500.
Use a bounce to short, down sell on the breakdown.
The package news might spoil the bear setup.
Trade with caution.
I will hold my position as neutral, will avoid taking trades in the 1st of trading....
I am bearish on BN until Bank Nifty holds above 20060 for an hour.
My downsize targets are 18500 / 17500 (levels are on the chart).
@@ Pivot Zone:- 19,475 - 19,597 Above +ve Below -ve
The rest of levels are on chart, enjoy trading.
7th May'2012 Bank Nifty Weekly Expiry Plan.
@@ Pivot Zone:- 19,588 - 19,480 Above +ve Below -ve
Levels on chart to book profit, fresh weakness only 19250.
The market may be volatile, trade with SL, and book small profit.
Bank Nifty closed in its demand zone @ 19650-1985.
On the upside, there is a resistance 20260-20337 and a major supply zone @ 21100.
On the downside, there is a demand zone @ 19100-19250
The upside target in case 19650 is not violated is 20800-21100 SL 19450.
The downside target in case 19650 is violated T is 19200/19000/18700/18500 SL 19850.
You can follow...
Thursday high was 21,966.65 unable to breach 38.2% retracement of the fall (32,613-16,116). BN has failed to show any strength as compared to nifty even after strong weekly closure.
BN Stentiment is breaish in medium term, until we close above 24,365 (50% of 32,613-16,116).
The short term pullback will end below 19,766 and will...
#BankNifty is trending in a low angular descending triangle, as current uptrend is not supported by volume, will try to open short at the higher range:-
Use trend line to short (20850-20950), SL 20100, T 20,550,20350, below targets will be posted during market hours.
If the short fails, we plan to enter long at 20100, SL 20850, T 21,500/21,800/21,300.