NIFTY ENDING DIAGONAL 14818Final leg of D wave (Flat) is ongoing in NIFTY ,expecting an ending diagonal to reach 14818 on 19th april.
wait for conformation because IF it overcome this number then more upside will be possible
Nifty-trading
Nifty Positional ViewNifty formed three black crows means starting of reversal. Breaking the rising channel and staying below 14200 leads to 13800 levels. And staying below 13800 may leads to 13200 levels.. this is all positional view..
Note :- POST IS JUST FOR LEARNING PURPOSE ONLY BEFORE TAKING ANY TRADE DO YOUR OWN RESEARCH OR CONSULT YOUR FINANCIAL ADVISOR.
HAPPY TRADING 🙏🏻
31st Dec Expiry Day PlanBanknifty is tobe traded cautiously tomorrow since an year end and it might give wild moves however we can assume these moves out of the possibilities on the way it opens tomorrow.
Trading expiry range for bank nifty is defined.
All positions to be squared off before 2 pm
Banknifty October 8th Expiry RangeBank Nifty is what we can say a strong instrument with much robust liquidity.
It has recently on daily timeframe made M pattern fail to regain as a strong upmoving instrument. The bias is bullish.
Three possible scenarios arises as per the behavior of the BN on open: thus three possible paths to be a possibility .
Any other movement from above these three paths means that market is either in trending mode or non tradable.
Nifty50, daily ,2 oct202011623 is major resistnce (if break nifty will start an upward rally)
Daily time frame
Banknifty Possible Targets for the October 1st WeekBank nifty is trading with comforts to distribute sums . Now the much depends upon it to continue the trend or give whipsaws, as for the technicals market has kept bearish view even though a more U shaped recovery to say. However what we notice is that if the U shaped recovery was itself weak then BN would have weaker retracement .232 possibly. Thus a very reasonable target on upper side and more bias towards downward spiral. However we feel a sideways movement would be warranted for the coming week as a cooling off week.
Trend in Banknifty still promisingThere is evidence that a flattening of the trend has taken place with each trend break resulting into more flatter curve. However when we read the volumes we are still in positive tracjectory, when we study price there is still positivity , THE MAXIMUM the bank nifty can fall is touch previous week's low i.e. 600 points down from here , however the BN has taken pivot from the level where there was formation of double top, which makes the case that bulls might be tired for some time but they have full force to make the upmove happen again, or can atleast keep the action in sideways momentum.
#ATULAUTO #ATUL #AUTO #MOTOR #BANKNIFTY #NIFTY #TRADING #IoT #IT#ATULAUTO
Atul Auto Ltd.
CMP: 189.10
Target: 229 / 260
SL: 173
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Nifty following exactly as our prediction...!--> Yesterday I've posted idea of NIFTY, it opened at exact near the minor trend-line(i) . Exactly started to fall toward exactly over-consumption as expected
You can ask in comment section if you want to know anything.
NIFTY Futures Trading Plan Week-09 FebTrading Idea
Nifty Futures: NIFTY Futures few sessions ago we had discussed that 7430 was the trend decider and above that 7550 was a possibility, that target nearly got done in yesterday's session, after that markets paused and went to crash and test our trend decider all over again. Both sides provided a decent trading opportunity in last few sessions. Next up it will be important for markets to trade and move above the trend decider to get bullish again On the downside immediate support is at 7375 below this and if it manages to hold that level; we can attempt a pull back trade. Else below that can be potential fresh shorting opportunity for 7310 and lower.
#nifty #nse #trading #sensex
