Bank Nifty 19/04/21 MondayTrade Wisely And Smartly .
Clearly the trend is bearish small bounces may occur , but overall market is in panic mode.
Stay wise Buy on dips wont work, use option strategies to hold overnight.
Dont go for naked option buy or sell.
The levels are given ,which can be seen in todays session or tomorrow.
Niftybank
#banknifty analysis for 19th April:-#banknifty analysis for 19th April:-
Decision Zone:- 32,052 - 32,330
Resistance Zone:- 32,544 / 32,710 / 33,021
Support:- 31,913 /31,584 / 31,319
The short-term trend is still negative & the trend doesn't change until we get a weekly closing above 33,300 levels.
Supporting view:-
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 trade.
E.g. One of the important DP is the weekly low, if the weekly low is broken, then only you will short else you won't.
John Maynard Keynes said, “the markets can remain irrational longer than you can remain solvent.” So be cautious and flexible as market conditions evolve.
Always trade what you see, never trade what you feel. Make this a habit, you won't be requiring any seminar, webinar, or mentor, you will be self-sufficient.
Regards,
SG
#banknifty analysis for 16th April:- #banknifty analysis for 16th April:-
Decision Zone:- 32,052 - 32,330
Resistance Zone:- 32,544 / 32,710 / 33,021
Support:- 31,913 /31,584 / 31,319
The short-term trend is still negative & the trend doesn't change until we get a weekly closing above 33,300 levels.
Supporting view:-
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 trade.
E.g. One of the important DP is the weekly low, if the weekly low is broken, then only you will short else you won't.
John Maynard Keynes said, “the markets can remain irrational longer than you can remain solvent.” So be cautious and flexible as market conditions evolve.
Always trade what you see, never trade what you feel. Make this a habit, you won't be requiring any seminar, webinar, or mentor, you will be self-sufficient.
Regards,
SG
#banknifty analysis for 15th April:- #banknifty analysis for 15th April:-
Decision Line:- 31,913
Resistance Zone:- 32,242 / 32,544 / 32,710
Support:- 31,584 / 31,319 / 31,117 / 30,520
The short-term trend is still negative & the trend doesn't change until we get a weekly closing above 33,300 levels.
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 trade.
E.g. One of the important DP is the weekly low, if the weekly low is broken, then only you will short else you won't.
John Maynard Keynes said, “the markets can remain irrational longer than you can remain solvent.” So be cautious and flexible as market conditions evolve.
Always trade what you see, never trade what you feel. Make this a habit, you won't be requiring any seminar, webinar, or mentor, you will be self-sufficient.
Regards,
SG
#banknifty analysis for 13th April:- #banknifty analysis for 13th April:-
The last 6 months trendline broke today with a gap down of 444 points, which can't be worse than this. If the breakdown holds & is valid, we move toward the 27,700 to 25,500 zone.
I am posting what I am seeing on the chart, which is tough for me to believe as well.
Decision Zone:- 30,842 - 31,042
Resistance Zone:- 31,404 / 31,698 - 32,141 / 32,751
Support:- 30,500 / 29,800 / 28,633 / 27,686
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 trade.
E.g. One of the important DP is the weekly low, if the weekly low is broken, then only you will short else you won't.
John Maynard Keynes said, “the markets can remain irrational longer than you can remain solvent.” So be cautious and flexible as market conditions evolve.
Always trade what you see, never trade what you feel. Make this a habit, you won't be requiring any seminar, webinar, or mentor, you will be self-sufficient.
Regards,
SG
#banknifty analysis for 12th April:- #banknifty analysis for 12th April:-
Decision Zone:- 32,560 - 32,650
Resistance Zone:- 32,830 / 32,950 / 33,250 / 33,512 / 33,700 / 33,990
Support:- 32,400 / 32,100 / 31,750 - 31,850 / 29,700
There is lots of information in the analysis:- Just need to watch with open eyes and post on comments what you see.
The index might take support from the long trend line, approx area 31,700 +- 200 points.
#banknifty analysis for 9th April:- #banknifty analysis for 9th April:-
Decision Zone:- 32,875 - 32,918
Resistance Zone:- 33,250 / 33,512 / 33,700 / 33,990
Support:- 32,665 / 32,400 / 32,100 / 31,800 - 31,950
There is lots of information in the analysis:- Just need to watch with open eyes and post on comments what you see.
The index might take support from the long trend line, approx area 31,700 +- 200 points.
#banknifty analysis for 8th April:-#expiry#banknifty analysis for 8th April:-#expiry
Decision Zone:- 32,875 - 33,045
Resistance Zone:- 32,250 / 33,512 / 33,700 / 33,990
Support:- 32,665 / 32,400 / 32,100 / 31,800 - 31,950
There is lots of information in the analysis:- Just need to watch with open eyes and post on comments what you see.
Banknifty Monthly LevelsMagic Lines:
All supports are not for buy level. As like all resistance are not for sell levels
After long research and back testing we find which S&R is for sell level & which S&R is buy level.
In that result we give the pure intraday levels in charts.
BLUE LINE ARE BUY LEVELS
ORANGE LINES ARE SELL LEVELS
IF OPENING 15MIN CANDLE TOUCH BLUE LINE GO FOR LONG/ IF OPEING 15 MIN CANDLE TOUCH ORANGE LING GO FOR SHORT.
There are 10 different pattern for getting entry in market with this line if anyone interested please command below ...
#banknifty analysis for 5th April:- #banknifty analysis for 5th April:-
Decision Zone:- 33,650 - 33,825
Resistance Zone:- 33,990 / 34,360 / 34,566 / 34,650 - 34,750 / 35,020
Support:- 33,750 / 33,520 / 33,320
We have mount Everest seating at 34,360 - 34,650 zone, where sell-off might trigger again and if these levels are crossed, we might see 35,500, follwed up to 36,500.
On lower time frame, we see inverted head & shoulder, which gives a upside targets of 34,380 / 34,566 / 34,753 / 35,020 / 35,350
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 trade.
E.g. One of the important DP is the weekly low, if the weekly low is broken, then only you will short else you won't.
John Maynard Keynes said, “the markets can remain irrational longer than you can remain solvent.” So be cautious and flexible as market conditions evolve.
Always trade what you see, never trade what you feel. Make this a habit, you won't be requiring any seminar, webinar, or mentor, you will be self-sufficient.
Regards,
SG
#banknifty analysis for 1st April:- #expiry #banknifty analysis for 1st April:-
Decision Zone:- 33,411 - 33,527
Resistance Zone:- 33,698 / 33,990 / 34,360 / 34,650 / 35,100
Support:- 33,310 /33,175 / 33,050 / 32,751 / 32,500 / 31,600
We have mount Everest seating at 34,360 - 34,650 zone, where sell-off might trigger again and if these levels are crossed, we might see 36,500.
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 trade.
E.g. One of the important DP is the weekly low, if the weekly low is broken, then only you will short else you won't.
John Maynard Keynes said, “the markets can remain irrational longer than you can remain solvent.” So be cautious and flexible as market conditions evolve.
Always trade what you see, never trade what you feel. Make this a habit, you won't be requiring any seminar, webinar, or mentor, you will be self-sufficient.
Regards,
SG
#banknifty analysis for 31th Mar:- #banknifty analysis for 31th Mar:-
Decision Zone:- 33,808 - 33,990
Resistance Zone:- 34,360 / 34,650 / 35,100
Support:- 33,600 / 33,361 /33,175 / 33,050 / 32,831
We have mount Everest seating at 34,360 - 34,650 zone, where sell-off might trigger again and if these levels are crossed, we might see 36,500.
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 trade.
E.g. One of the important DP is the weekly low, if the weekly low is broken, then only you will short else you won't.
John Maynard Keynes said, “the markets can remain irrational longer than you can remain solvent.” So be cautious and flexible as market conditions evolve.
Always trade what you see, never trade what you feel. Make this a habit, you won't be requiring any seminar, webinar, or mentor, you will be self-sufficient.
Regards,
SG
#banknifty analysis for 30th Mar:- #banknifty analysis for 30th Mar:-
We can say that short term and the medium-term trend is down because the index is trading below its 20 & 50 EMA lines (34,492 / 34020), however, the longer-term trend is still up as we are above rising 100 & 200 SMA (32,135 / 37,270) and there is no negative crossover.
As per Dow Theory, we are making constant lower low & lower high, I will turn myself as a speculator, if I say, there is a reversal on the chart (many TA are claiming the reversal looking at SGX for the last 2 sessions).
To be honest, I don't see anything for reversal, we are in a downtrend and until the falling channel breaks upward and holds, the trend doesn't change.
34,360 -34,644 is the amount of Everest to cross, only if closing above this zone, we might break this trend, and then you can go for positional longs.
Decision Zone:- 33,698
Resistance Zone:- 33,901 / 34,360 / 34,650 / 35,100
Support:- 33,361 /33,175 / 33,050 / 32,831
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 trade.
E.g. One of the important DP is the weekly low, if the weekly low is broken, then only you will short else you won't.
John Maynard Keynes said, “the markets can remain irrational longer than you can remain solvent.” So be cautious and flexible as market conditions evolve.
Always trade what you see, never trade what you feel. Make this a habit, you won't be requiring any seminar, webinar, or mentor, you will be self-sufficient.
Regards,
SG
#banknifty analysis for 25th Mar:- #expiry#banknifty analysis for 25th Mar:- #expiry
Decision Zone:- 33,390 -33,490
Resistance Zone:- 33,700 / 34,275
Support:- 33,000 / 32,751 - 32,877 / 32,488 / 32,050.
Daily closing below gap of 33,305 - 33,583 is not at all a good sign, the next support is 32,877 (breakout restest) & 32,751 (61.8% of the fall)zone if this fails to hold we move back to 31,404 (last line of medium-term trend).
I see two reversal areas 32,750 or 31,500, if we don't get a reversal we will move into a medium-term bearish trend.
The move from 29,687.8 to 37,708.75 is 8021 point rally,we have retraced 50% (33,698), current low is 33,203.
38.2% retracement was 34,645 which was breached and we touched 50% retracement, now if today's low is broken, we move toward 61.8% retracement which is placed at 32,751 (last hope for bulls), if this support is breached we head towards 100% retracement towards 29,687.
Important pivot level is 33,800 & 50% fall is 33,698:- Ideally no longer till we cross 34,650 levels and we get a daily closing above this level.
Be-long if, 33,700 holds else to be on the short side.
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 trade.
E.g. One of the important DP is the weekly low, if the weekly low is broken, then only you will short else you won't.
John Maynard Keynes said, “the markets can remain irrational longer than you can remain solvent.” So be cautious and flexible as market conditions evolve.
Always trade what you see, never trade what you feel. Make this a habit, you won't be requiring any seminar, webinar, or mentor, you will be self-sufficient.
Ref:- in.tradingview.com
Regards,
SG
#banknifty analysis for 24th Mar:-#banknifty analysis for 24th Mar:-
Decision Zone:- 34,055 - 34,117
Resistance Zone:- 34,430 - 34,639 ,34,900 / 35,300
Support:- 33,850/ 33,583 / 33,305 / 32,751
The move from 29,687.8 to 37,708.75 is 8021 point rally,we have retraced 50% (33,698), current low is 33,361.
38.2% retracement was 34,645 which was breached and we touched 50% retracement, now if today's low is broken, we move toward 61.8% retracement which is placed at 32,751 (last hope for bulls), if this support is breached we head towards 100% retracement towards 29,687.
Important pivot level is 34,055 & 38.2% fall is 34,645:- Ideally no longer till we cross 34,650 levels and we get a daily closing above this level.
On an hourly time frame, 34,430 - 34,645 is a tough resistance area, until it's crossed, we will continue to remain under pressure.
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 trade.
E.g. One of the important DP is the weekly low, if the weekly low is broken, then only you will short else you won't.
John Maynard Keynes said, “the markets can remain irrational longer than you can remain solvent.” So be cautious and flexible as market conditions evolve.
Always trade what you see, never trade what you feel. Make this a habit, you won't be requiring any seminar, webinar, or mentor, you will be self-sufficient.
Regards,
SG