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#banknifty analysis for 23rd Mar:-#banknifty analysis for 23rd Mar:- Decision Zone:- 33,652 -33,770 Resistance:- 34,110 / 34,430 / 34,645 / 35,100 Support:- 33,305 / 32,751 / 32,137 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 33,960 & 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
NSE:BANKNIFTY
by subhagghosh
4
#banknifty analysis for 22nd Mar:-#banknifty analysis for 22nd Mar:- Decision Zone:- 33,950 -34,075 Resistance:- 34,430 / 34,645 / 35,100 Support:- 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 34,075 & 38.2% fall is 34,645:- Ideally no longer till we cross 34,650 levels and we get a daily closing above this level. How to trade? Use buy-in dips till 33,300 holds and below 33,300 you can do blind sell for the target of 31k / 29k. The whole situation stabilizes if the close above 34,650. 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
NSE:BANKNIFTY
by subhagghosh
3
#banknifty analysis for 17th Mar:-#banknifty analysis for 17th Mar:- #banknifty PCR is 0.50, for every put written, we have 2x call written off, short-covering, it comes, can be deadly. Decision Zone :- 34,996 - 35,199 is a no trading zone, above positive & below negative. Currently, the range is 34,500 to 36,100 Support:- 34,700 / 34,550 / 34,400 Resistance:- 35,328 /34,572 /35,686 / 36,028 / 36,463 It's a flag formation on an hourly time frame, probability is for the higher breakout. 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 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:- Elliot Wave 1 H TF analysis:- Regards, SG
NSE:BANKNIFTY
by subhagghosh
6
#banknifty analysis for 16th Mar:-#banknifty analysis for 16th Mar:- 36,463 to 34,430, 2033 point fall in two days was too quick, followed by 835 (41%) pullback in 2 hours. Decision Zone :- 35,188 - 35,572 is a no trading zone, above positive & below negative. Currently, the range is 34,300 to 36,000 Support:- 35,000 / 34,866/ 34,700 Resistance:- 35,686 / 36,028 / 36,463 It's a flag formation on an hourly time frame, probability is for the higher breakout. 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 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:- Elliot Wave 1 H TF analysis:- Regards, SG
NSE:BANKNIFTY
by subhagghosh
6
#banknifty analysis for 15th Mar#banknifty analysis for 15th Mar Currently, the range is 35,090 to 36,041 and the new move will be only outside this range. Decision Zone:- 35,572 - 35,617, above positive & below negative Support:- 35,450 / 35,188 / 35,040 / 34,800 Resistance:- 35,825 / 36,040 / 36,190 / 36,463 It's a flag formation on an hourly time frame, probability is for the higher breakout. How to Trade? Play the range of 35100 to 36100 and initiate breakout trade, if range breaks. Below 35K, you might see pain till 33.5K and above 36K we are back on track to breach ATH. 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 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:- Elliot Wave 1 H TF analysis:- Regards, SG
NSE:BANKNIFTYLong
by subhagghosh
5
#banknifty analysis for 10th Mar: #expiry#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 initiate breakout trade, if range breaks. Below 35K, you might see pain till 33.5K and above 36K we are back on track to breach ATH. 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 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:- Elliot Wave 1 H TF analysis:- Regards, SG
NSE:BANKNIFTY
by subhagghosh
6
#banknifty analysis for 9th Mar#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 positive & below negative How to Trade? Play the range of 35100 to 35800 and initiate breakout trade, if range breaks. Note:- H&S pattern is detected on the chart, will be activated below 35,644. 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 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:- Elliot Wave 1 H TF analysis:- Regards, SG
NSE:BANKNIFTY
by subhagghosh
6
#banknifty analysis for 8th Mar (Monday)#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 Line:- 35,710 Upper Targets:- 36,019 / 36,342 / 36,664 Lower Targets: 34,410 / 35,159 / 34,800 / 34,466 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 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:- Elliot Wave 1 H TF analysis:- Regards, SG
NSE:BANKNIFTY
by subhagghosh
6
#banknifty analysis for 5th Mar#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 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 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:- Elliot Wave 1 H TF analysis:- Regards, SG
NSE:BANKNIFTY
by subhagghosh
6
#banknifty analysis for 4th Mar - #expiry Special#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 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:- Elliot Wave 1 H TF analysis:- Regards, SG
NSE:BANKNIFTY
by subhagghosh
7