Niftybank
Expiry Special Analysis for 29th Oct'2020.#banknifty :- SHIP formation, if sinks will 23,328 on card.
Decision Line:- 24,175 above long & below short ( keep 100-120 point SL on DP for trading)
Price has stayed above the trend line 99% of the time during the last 2 weeks. If this breaks, the people who are long on the index for the last 2 weeks will be under pressure and monthly expiry on a card can be really scary.
What is on the chart, if the swing low is respected 24058 you can be expected a bounce if breaks major pain ( Targets are posted on the chart on yellow levels)
Strategy:- Wait for setup to get triggered before entering the trade, don't presume and trade, this is blowing your account off.
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.
BN for tommorrowBN now in channel & at crucial level. it should crossed above 25000 for 25200 target and then 25500. but looks 25000 is good resistance.
BN has to break that resistance for bull ride.
IF gap up above 25000 wait till retest for 25000 bullish candle with volume for high side. otherwise it's not sustainable move.
if gap down wait to break of todays high will lead to 25000 and then 25200.
Flat opening. look for price action after setup of market movement. any side up or down.
BE CAUTIOUS. JUST VIEW. DON'T BLINDLY TRADE.
Bank Nifty Trading Strategy for 28th Oct'2020#banknifty Decision Line:- 24,582 above long & below short.
Upside target of 25,000 / 25,232 /25,496 remains valid till 24,380 holds.
What I said yesterday: "Monday's correction was normal and don't see a change in trend and won't hesitate to go long.", how valuable those words are you all understood it today.
Where to short, if the wedge structure breaks, don't hesitate to short below decision line, T 24,250 / 24,080 / 23,880 --
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.
Bank Nifty Trading Strategy for 27th Oct'2020#banknifty Decision Zone:- 23,962 - 24,077 above long & below short.
The next round of selling is below 23,867, correction possibility:- 23,676 / 23,365 and trend will change only below 22,970.
Monday's correction was normal and don't see a change in trend and won't hesitate to go long.
Resistance Zone:- 24,250 - 24,380, once crossed we will be back to normal.
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.
Bank Nifty Trading Strategy for 26th Oct'2020#banknifty
24,364 ( 50% of 32,613 to 16,116) holds u see 26,311 ( 61.8%).
SL for all positional long is 24,020.
Decision Line:- 24,500
Two strategy to trade:-
1. Range Trading :- 24,250 to 24,750
2. Range breakout trading:-
Buy Above 24764 Tgt 24850,24990 and 25040 (Bank Nifty Spot Levels)
Sell Below 24250 Tgt 24050,23,900 and 23677 (Bank Nifty Spot Levels)
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.
Bank Nifty Trading Strategy for 23rd Oct'2020#banknifty keeping the analysis simple.
Decision line:- 24,450 above long & below short.
Will prefer to go long above the red resistance line (24,823)
As per wave structure, the minor impulse wave is done & we see a corrective wave in progress.
Yesterday's Posted:- Sell Below 24600 T 24384,24250 and 24125 (two targets got achieved)
My indicators are also in sell mode for a short duration ( next 2 to 3 days).
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.
Expiry Special Analysis for 22nd Oct'2020.#banknifty keeping the analysis simple.
Decision line:- 24,596 above long & below short.
Will prefer to go long above the red resistance line ( above 25k only)
As per wave structure, the minor impulse wave is done today & we see a corrective wave.
Buy Above 24600 T 24820,24050 and 25,180
Sell Below 24600 T 24384,24250 and 24125
Will avoid aggressive long, as there is RSI divergence also seems which show internal weakness gripping IN.
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.
Bank Nifty Trading Strategy for 21th Oct'2020#banknifty keeping the analysis simple.
Decision line:- 24,246 above long & below short.
Will prefer to go long above the red resistance line ( 24,650 - 24,700 zone).
In spite of closing two days above 24K and making HH & HL, the momentum is missing.
I said yesterday:- "Concern:- I am a bit worried, as to how the BN behaved after the 24,200 level breakout, there was hardly any upside momentum and the ADX indicator is showing no trend strength, avoid aggressive long or short now on the index"
This is what exactly happened, the upside was capped and shorting doesn't help.
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.
BN for weekBN now moving up and break crucial break out above 24200. also making cup & handle pattern. so 1000 pts on the way up side.
do your own analysis. just my View only.
BE CAUTIOUS. JUST VIEW. DON'T BLINDLY TRADE. VOLATILITY WILL BE WILL BE INSANE IN COMING DAYS.
Bank Nifty Trading Strategy for 20th Oct'2020#banknifty 23,266 (SPOT)
The decision line is 23,199, below negative & above positive.
Concern:- I am a bit worried, as to how the BN behaved after the 24,200 level breakout, there was hardly any upside momentum and the ADX indicator is showing no trend strength.
Avoid aggressive long or short now on the index.
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.
Bank Nifty Trading Strategy for 19th Oct'2020#banknifty 23,528
The price has pulled backed to the uptrend channel what is running from 16th June, which is a bullish symbol and we are trading at the lower end of the channel.
We see triangle formation on the chart denoted by amber dashed lines, any significant movement will be seen outside this zone.
The decision zone is 23,436 - 23,580, below negative & above positive.
Breakout trades will be very fast and you need to have the trades planned.
Important Points:-
1. Below 22,970 you should not be long and the downside target is 21,850 to 22,050.
2. Above 23,900 exit any positional shorts and above 24,200 you should be always in buy for a bigger target of 25,232 to 28,250.
Don't take contra trade, else your account will be washed off, what has happened with multiple peoples in the last 3 weeks.
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.
Bank Nifty View for next 3 to 6 months.Intermediate Trend is UP and currently wave 5 in progress (Target 28,215)
The minor trend is UP & currently an ABC correction (Target 21,850)
Structure Damages below 20,405
#banknifty #trading #trade #tradesetups
Explanation:- We are in an uptrend and the largest wave 3 got completed from 17,105 to 25,232 and now the correction is in progress, AB leg is done and BC leg in progress, which gives a target of around 21,850 (which is also a very demand zone).
Hopefully, before Diwali, the correction will get over and we will resume back to wave 5, which gives an upside target of 28,215 by Dec'2020 to Mar'2021.
Bank Nifty View for next 3 to 6 monthsIntermediate Trend is UP and currently wave 5 in progress (Target 28,215)
The minor trend is UP & currently an ABC correction (Target 21,850)
Structure Damages below 20,405
#banknifty #trading #trade #tradesetups
Explanation:- We are in an uptrend and the largest wave 3 got completed from 17,105 to 25,232 and now the correction is in progress, AB leg is done and BC leg in progress, which gives a target of around 21,850 (which is also a very demand zone).
Hopefully, before Diwali, the correction will get over and we will resume back to wave 5, which gives an upside target of 28,215 by Dec'2020 to Mar'2021.
Bank Nifty Trading Strategy for 16th Oct'2020#banknifty analysis for 16th Oct'2020.
Structural breakdown on the chart.
The decision Line is 23,388 (above long and below short).
Levels are on the chart.
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.
Expiry Special Analysis for 15th Oct'2020.#banknifty analysis for 15th Oct'2020.
Today's movement made it clear, the uptrend that started from 20,405 has still some steam left. If the last two days correction is taken into account the wave 4 ( pullback) is completed at 23,149 and wave 5 is in progress which gives us three targets 24,833 / 25,231 / 25,476.
The wave structure will damage below 23150 and hence this will become SL for all existing long trades for the short term.
Important:- If 24,200 is crossed, pls don't dare to short this market.
The decision Line is 23,650 (above long and below short).
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.
Bank Nifty Trading Strategy for 14th Oct'2020#banknifty analysis for 14th Oct'2020.
Algo Generated buys on 28th Sep'2020 at 21,156.30 has generated a sell signal today on 13th Oct'20 at 23,544.50, covering 2388.20 points.
I would prefer to avoid long until we cross 24,200 and SL for all long is 23,300.
SL for short is 24,200 and targets :- 23,085 / 22,760 / 22,350 / 21,920 / 21,298.
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.
BN for weekBN Close above 23600 will push for 23800 & 24000 for upside on Hourly basis.
for Bear phase it should trade below todays' low for target of 23300-23000 and last for 22750.
IT'S JUST VIEW. DON'T BLINDLY TAKE TRADE. UPCOMING DAYS ARE MORE VOLATILE.
KEEP EYE ON VIX. IT'S INCREASING AND VOLATILITY WILL BE INSANE. SMALL PROFIT AND OUT. DON'T GO FOR LONG PROFIT.
Bank Nifty Trading Strategy for 13th Sep'2020#banknifty no sign of trend reversal, still in a very strong uptrend.
Decision Zone
Upside Targets 24,190 / 24,433 / 24,692
Downside Targets 23,555 / 23,446 / 23,100
I will be cautious with my long, will prefer low volume long now, and will only short if the price falls apart from the channel.
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.
I have kept my commentary very simple today.
Bank Nifty Trading Strategy for 12th Oct'2020#banknifty Last 70 trading hours have moved 3499 points.
FII:- Sell 39.39 Cr& DII 126.61 Cr buy today on 9th Oct'2020.
The India VIX (volatility index) Up by 11% this week.
Technically, all indicators, PA across all time frame is in plus, which is a sign of caution.
The last 2 days I have been posting short, didn't work never did the short got triggered as all the shorts were below 23065 levels.
The last point where the rally can be stopped is at 24,051 - 24,199, it crosses it, then 25K is on the card might be on Monday itself.
Being a trader, I will always look for an opportunity for a better return than being right on my chart.
For me, RRR is in favor of short as compared to long, but will short below the decision zone and will cut off my position above the decision zone, very bare min risk to trade with.
I will post my chart URL which I use for intraday trading in the comment section, you are open to the URL and see my chain in realtime and can see how I use price action to trade, this will be a great learning opportunity for all of you.
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.
