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Trend meets its trend lineprice was doing great but since it made double top it was in a bearish trend. this bearish trend meets its support near lower trend line. than it got coronavirus reset since than it is in bullish trend this trend reversal started near white lower trend line has reached upper white trend line. what next for price from here ? it has made its 50% retracement of bear market price is testing upper trend line which has made fake breakout near blue arrow inside yellow ellipse than breakout than retracement back to trend line before making double top. which increase the importance of this upper white trend line bulls buying at the bottom taking profit at 50% and upper trend line price at the upper trend line of blue channel bullish breakout or retracement from here
NSE:TATAMOTORS
by Sangam-Agarwal
1
BANKNIFTY analysis for intradayHii Traders 😊 Welcome to BANKNIFTY chart analysis for 24th Sep 🔺 🛑 Caution ◽ I don't give much preference to technical indicators those were lagging indicators and I don't believe anyone of them . And use just for confirmation purpose and i trade only basis of levels that is Resistance and support levels and through market profile ( and I don't use market profile for execution of trade) if you are technical indicator trader you don't need to read further 😊 Show me that successful profitable trader who traded based on only technical indicators 🛑 Today Bulls were took the market in control and lead to towards all time high and closed with gaining of 790+ points 🛑 What's the major reason to this bull ❓ Well, U.S. Fed Holds Interest Rates Stable, Hints Tapering May Start Soon ( means Currently there's no changes in interest rate) The U.S. Fed keeps interest rates steady for now but indicated that rate hikes might happen sooner than expected. More members now see the first interest rate hike occurring in 2022 if progress continues as expected This is the reason beyond Market Run Fed now keep interest rate steady and it rise the rate sooner than expected ◽ What will happen if rise in interest rate ❓ ( As I know if I'm wrong kindly correct me) if increase in interest rate then money follow will get reduced and as money follow decreases consumer products price decreases and it maintains inflation rate . Interest will hike only when rise in inflation or expected to be rise inflation so Thier by they can control money follow How money follow will increase inflation ❓ Well, Just imagine interest what we paid for credit card decreases and we will take benefit from that as much as possible and we are spending more money than usuall and we are paying more money for Products and goods it will increase in the inflation rate ( which means our country currency value decreases let take one example just assume that you bought an shoe at 100 Rupees (in Indian currency ) yesterday and same company same shoe will cost 102 rupees today which means inflation reduce currency value by 2 Rs ) I hope that u get it if I'm wrong kindly let me know comment section 😊 ◽ Change interest rate means inflation is increasing so they were try to manage inflation rate by increasing in interest rate which will keep money follow under control ( if interest rate for credit cards increasing would like to spend more money ? So like this they control money follow ) 🛑 Now let move on to analyse the market levels for 24 th SEP and I have given market levels were worked as I told that (you check in profile if whether I'm wrong or right) 🎯 Key levels to watch out for day trader ( support and resistance zone for only for intraday traders and intraday purpose ) 🛑 Major resistance zone for BankNifty is at 37800-37850 where at this point BankNifty tried to breakout level in other words it is the level acting as supply zone where shorter's get active and shorting the market ◽ If market breakout resistance zone ie. 37800-37850 then we can see Target of 38000 🎯 You can ask me ◽ How can you tell 38000 will be the 1stTarget ❓ Well, If I'm can't see perfect Target level in chart then I will going to see option chain for Target setting ( I will look at that strike where more sellers are shorted and position holding I will choose that one as mine target because shorters were like institutional traders who have more money they will short the market they were more shorting at one particular OTM strike then they were expecting that market will can trade until that point but it will not breakout that in other words we can take that strike as resistance also here we already know resistance I'm setting target or I'm looking to where I have exit like this option chain will help me ) ◽ Stop loss for this level is 37730 here market get bounce back from this level and if look at past 4th trading session where market get support at this point by pivot point control region if it breakdown this level Banknifty will be weaker so I'm setting mine stoploss here ◽Banknifty can shown some more weakness if traded below 37250 ◽ if huge gap up happens the don't take a trade let the market correct because market Dont like gaps whether it may be huge gap up or gap down so let market get correct for some time then take the trade if breakout the mentioned level or it can bounce from their ( After bounce let wait to candel close above the resistance level then take a trade don't forget About stoploss ) 🛑 Major support level for BankNifty ◽ Support level for nifty lies at 37000-36950 this the region of yesterday's value area means major valume is lies their so it acting as support zone or also called demand zone where buyers get active and drove the market upside ◽ Also this level can called as virgin CPR support area means It pivot point region based on yesterday value area where in active trading session market doesn't touch the that level (those levels or pivot control point are called virgin CPR ) ◽ Market successfully breakdown this level then we can take a trade with stop loss level ie.37250 ( opening level for the previous day if nifty started trading above this level we can say nifty will be strong and can drive the price upside so this crucial STOP LOSS level ) ◽ If breakdown happens we will achieve the Target of 36600 🎯 🛑 Key levels to watch out for nifty futures ➡️ Resistance zone is at 37950-38000 if it breakout this level with simultaneously breakout have to happen in Banknifty spot market also then go long on bank nifty futures ◽Target 1 will be 38200 ◽ Stoploss is 37900 ➡️ Support zone is at 37500-37450 If it breakdown this level we can short the market ◽ target will be 37250 ◽ Stoploss is at 37600 🛑 Summary ◽ Resistance level for CE buyers /option buyers is at 37800-37850 ◽ support zone to buy PUT / PE is at 37000-36950 ◽ Nifty will be weaker on intraday basis below the 37250 Thanks for reading 😊 I hope that it will help a lot and I'm wrong kindly comment mine mistake surely I will correct it If you like it do follow for more and give reputation which will boost mine confidence to do more. have a nice day 😊
NSE:BANKNIFTY
by agasthya_d
BANKNIFTY levels for expirey Day 🎯Hi traders 😊 I have that you doing well 🛑 I was analysed BANKNIFTY levels for intraday trading for 22nd SEP and market stayed in between that range only and it is indecisive region for option buyers and option sellers get benefited from that ( If want to check whether right or wrong go and scroll down mine profile u will get to know I'm right or worng ) okay let's move on .. 🛑 If get into 15 mins time frame chart ◽we can clearly see that it's trying to breakout resistance level of 37350-37400 region ◽And bounce back from 36900-36850 support zone (this what I'm told in pre market analysis for 22nd SEP ) 🛑 Intraday volatility is comparatively low ie. About only 0.59% which means it helped lot to option sellers ( if want know in detail about check out mine last post I clearly explained in it ) 🎯 Key levels to watch out for 23rd SEP ie. Weekly expirey 🛑 Crucial resistance zone for Bank Nifty is 37350-37400 zone ◽If it is breakout successfully then initiate trade (BUY CE) with stoploss of 37250 ◽ Target 1 ie. 37700 ◽Target 2 ie.38000 ◽ If wanted to achieve 2nd target then use Trailing stoploss as 1st target (I'm sure u will not gonna loose money for market) 🛑 crucial support zone for Bank Nifty is at 36900-36850 ◽If it it breakdown successfully then initiate trade (BUY PE) with stoploss 37050 ◽Target 1 ie. 36550 ◽ Target 2 ie. 36150 ◽ If wanted achieve 2nd target then use Trailing stoploss as T1 Summary ➡️ Resistance zone BUY CE Only above 37350-37400 ➡️ Support zone BUY PE only below 36900-36850 ➡️Bank Nifty Will be weaker below the 37160 that is pivot point control region 🛑RULE No. 1 Never loose money to market 🛑Give rating for mine analysis and it motivates me to do more better Thanks for reading I hope that it will help a lot If there is any mistake please let me know I will correct it And comment your views below If you like it follow us for more ... Have a nice day 😊.
NSE:BANKNIFTY
by agasthya_d
3
BANKNIFTY analysis for option sellers only for optionssellers For those who are seeking for which strike I have to sell I'm giving strike for selling both CE and PE (short strangle) purely based on India vix volatility index Sell CALL option 37600 CE anywhere between 37100-37350 and exist from it if breakout 1st resistance level 37450-37500 level (stop loss strike for call selling) Sell PUT option 36800 PE anywhere between 37100-37350 and exist from it (STOP LOSS) if it breakdown immediate support level 36900-36850 level And caution SELL both PE and CE near expire that is 23rd sep expire because we can make profit through time decay and More importantly if it breakout/breakdown happens exist from only side and keep it otherside u will get more profit and if it stays between what I mentioned those levels then u will make great profit I hope that it will helps a lot If you like it do follow and have a nice day 😊
NSE:BANKNIFTYShort
by agasthya_d
1
Banknifty chart analysis for intradayBanknifty forming long legged doji in daily frame chart (which means there's was high selling pressure but buyers were trying to control the Market) Today banknifty broke the support level and maintained to close above that support level which good sign for tomorrow Key levels to watch out 🎯 Buy CALL when breakout of 37425 -37450 level which crucial resistance zone And buy PUT only when traded below 36500-36450 level which is very crucial support zone There will be more volatility due global sentiment If you like it do follow and have a good day 😊
NSE:BANKNIFTY
by agasthya_d
Banknifty Futures analysisBanknifty Futures forming hammer with long wick rejection (it means buyers were In control even though selling pressure was there ) Important key levels to watch out for intraday 🎯 And Go long when breakout of level 37450-37500 with Stoploss of 37400 and Target 37800 And short / write only when it crosses below the 36850-36800 and with stoploss of 36950 and with Target of 36600 Banknifty will weak when it traded below the 37050-37000 level But short only after main level breakout due global negative sentiment market will more volatile If you like it do follow and have good day cheers
NSE:BANKNIFTY1!
by agasthya_d
Nifty 50 chart analysis Nifty formed an green hammer (Which is telling that there was selling pressure during the day ultimately a strong buying pressure drove the prices . This is what happened today) And if we see the intraday volatility today is about 0.72% which is good volatility range Positive sign :- closed above intraday pivot control point of 17500 level which is 1st resistance level for Nifty today I give an caution for option sellers (u can see in mine profile) ie. CALL shorts will get covered if breakout of 17500-17530 levels If go and see the option chain data (Given link below ) u can more shorts get covered in between strikes of 17500 to 17800 . Let's watch out intraday levels for Nifty for 22 SEP 🎯 Key levels Buying CALL only above 17620-17650 level which very crucial resistance zone And Buying PUT option only when traded below the 17330-17300 level which is very crucial support zone And Nifty will become when it's Traded below the 17450 level which is control pivot point region and don't short market until breakdown down this level [ call writers] otherwise u will run for covering
NSE:NIFTY
by agasthya_d
1
Nift Chart analysisCan you guys see which patter Nifty is formed now .... If you see in 5 mins chart you can see clear picture of it . Nifty as bounce back from support level of 17330-17300 it's support level of past 5th pivot point region which is imp support level and formed inverse head and shoulders with taking resistance of level 17430 lower end of today pivot point which acting as an strong resistance now and Take an trade BUY CALL Nifty when it breakout of resistance 17500-17510 with low quantity because there's more volatility in market ...
NSE:NIFTY
by agasthya_d