subhagghosh

subhagghosh

#banknifty analysis for 10th Mar: #expiry 8021 point up-move is followed by correction of 3050 points (around 38.2%) and now we are consolidating for 2 weeks. Currently, the range is 35,100 to 36,100 and the new move will be only outside this range. Decision Zone:- 35545, above positive & below negative How to Trade? Play the range of 35100 to 36100 and...

subhagghosh

#banknifty analysis for 9th Mar 8021 point up-move is followed by correction of 3050 points (around 38.2%) and now we are consolidating for 2 weeks. Currently, the range is 35000 to 35800 and new move will be only outside this range. Expiry on Wednesday and good OI on 35k PE, which suggests 35K going to be supported till expiry. Decision Zone:- 35090, above...

subhagghosh

#banknifty analysis for 8th Mar (Monday) We are forming constantly Lower High, which is an exhaustion sign until 36455 is not crossed, avoid long. A rising Wedge is not a good sign and the wedge is broken on the lower side. Island candles are getting formed which doesn't give a good signal and a minimum target of 33,900 is what I see on the chart. Decision...

subhagghosh

#banknifty analysis for 5th Mar We are forming constantly Lower High, which is an exhaustion sign until 36455 is not crossed, avoid long. Rising Wedge is not a good sign, if the index trades below 35,650 you might see 33,600 levels. Decision Line:- 35,650 Upper Targets:- 36,019 / 36,342 / 36,664 Lower Targets: 35,159 / 34,800 / 34,466 My basic analysis...

subhagghosh

#banknifty analysis for 4th Mar - #expiry Special Decision Zone:- 36,063 - 36,263 Upper Targets:- 36,434 / 36,643 / 36,910 / 37,056 Lower Targets: 35,959 / 35,823 / 35,665 / 35,378 My basic analysis remains the same:- One of the best forms of PA action is not to predict but to act on the price, chart tells you where, when & how to act on price. Wait for the...

subhagghosh

#banknifty analysis for 3rd Mar Decision Zone:- 35,375 - 35,405 Upper Targets:- 35,620 / 35,863 / 36,020 / 36,342 / 36,500 Lower Targets: 34,150 / 34,960 / 34,722 As long as 34,646 holds, bulls need not be worried, seems like the price likely to consolidate in 1000 point range of 34,800 to 35,800 before the next move. My basic analysis remains the same:-...

subhagghosh

#banknifty analysis for 2nd Mar Decision Zone:- 35,286 Upper Targets:- 35,620 / 35,863 / 36,020 / 36,342 / 36,500 Lower Targets: 34,960 / 34,722 / 34,300 / 33,911 / 33,700 Flag formation observed in the chart, either price will reverse from recent low and move up. There is another scenario, the price might try to fill up the GAP - 33305.30 - 33583.15, before...

subhagghosh

#banknifty analysis for 1st Mar Decision Zone:- 35,232 Upper Targets:- 35,620 / 35,863 / 36,020 / 36,342 / 36,500 Lower Targets: 34,650 / 34,300 / 33,911 / 33,700 One of the best forms of PA action is not to predict but to act on the price, chart tells you where, when & how to act on price. Wait for the decision points on the chart to act else don't...

subhagghosh

#banknifty analysis for 26th Feb Decision Zone:- 36,840 Upper Targets:- 37,124 / 37,568 / 37,708 / 38,452 Lower Targets: 35,342 / 36,020 / 35,863 / 35,620 / 35,292 The rising flag is not a good pattern and has a high probability of a downside move. 36K is now the pivotal point for positional trade, below 36K be positionally long and below positional...

subhagghosh

#banknifty analysis for 24th Feb Decision Zone:- 35,183 - 35,305 Upper Targets:- 35,500 / 35,600 / 35,800 Lower Targets: 35,050 / 34,850 / 34,750 /34,500 34,722 is a trend reversal level until 34,722 holds we are good. One of the best forms of PA action is not to predict but to act on the price, chart tells you where, when & how to act on price. Wait for...

subhagghosh

#banknifty analysis for 23rd Feb Decision Zone:- 35,090 - 35,240 Upper Targets:- 35,500 / 35,600 / 35,800 Lower Targets: 34,850 / 34,750 /34,500 Max's downside is not more than 34,500 is what I see. One of the best forms of PA action is not to predict but to act on the price, chart tells you where, when & how to act on price. Wait for the decision points on...

subhagghosh

#banknifty analysis for 22nd Feb Six days of consolidation, followed by one & half days of breakout and then four & half days of pullback consolidated support levels, that what I see. 35,400 - 35,600 is a very strong support belt, if holds we again move towards 37,000 to 37,900. If the support breaks, 34,000 is on cards. M patterns on harmonic are basically...

subhagghosh

#banknifty analysis for 18th Feb A rising wedge is not a good sign, we might extend till 38,100, which is an excellent place to short for a downside target of 35,500 Decision Zone:- 37,050 - 36,950 Upper Targets:- 37,234 / 37,347 / 37,506 / 37,708 / 37,966 / 38,100 Lower Targets: 36,735 36,477 / 36,132 One of the best forms of PA action is not to predict...

subhagghosh

#banknifty analysis for 17th Feb BN gave breakout on Monday after 6 days of consolidation and today's was a pullback after a breakout. We need to go long on this index, pullback can be today's low or might be a bit more correction till 36,132 levels for a final target of 38.5K on the upside. Decision Zone:- 37,124 - 37,235 Upper Targets:- 37,347 / 37,506 /...

subhagghosh

#banknifty analysis for 15th Feb Looks like 36,500 is tough resistance to deal with, if it fails to break we might see a 5 -8 % correction. Decision Zone:- 36,025 - 36,101, trend deciding levels 34,750 Upper Targets:- 36,271 / 36,376 / 36,450 / 36,696 / 36,943 / 37,053 / 37,209 / 37,409 Lower Targets: 35,899 / 35,620 / 35, 456 / 35,099 / 34,741 / 34,232 One...

subhagghosh

#banknifty analysis for 12th Feb After 5 days of consolidation, you can expect a trending move on Friday, broader range 35,500 - 36,500, any side range breakout you can expect 600 to 1000 points directional moves. Decision Zone:- 35,743 - 35,796, trend deciding levels 34,750 Upper Targets:- 35,899 / 36,271 / 36,376 / 36,450 / 36,696 / 36,943 / 37,053 / 37,209 /...

subhagghosh

#banknifty analysis for 11th Feb #expiry In the last 4 day's bulls can consolidate on the higher side and this is a good sign and signifies time correction, either we carry on with time correction for the next couple of days before again moving up. In the ascending triangle formation, a breakout on either side has to be tracked and positional trades have to be...

subhagghosh

#banknifty analysis for 10th Feb In the last 3 day's bulls are able to consolidate on the higher side and this is a good sign and signifies time correction, either we carry on with time correction for the next couple of days before again moving up. Decision Zone:- 36,169 - 36,037, trend deciding levels 35,750 Upper Targets:- 36,271 / 36,376 / 36,450 / 36,696 /...