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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.
NSE:BANKNIFTY
by subhagghosh
3
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.
NSE:BANKNIFTY
by subhagghosh
9
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.
NSE:BANKNIFTY
by subhagghosh
4
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.
NSE:BANKNIFTY
by subhagghosh
4
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.
NSE:BANKNIFTY
by subhagghosh
8
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.
NSE:BANKNIFTY
by subhagghosh
5
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.
NSE:BANKNIFTY
by subhagghosh
4
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.
NSE:BANKNIFTYLong
by subhagghosh
4
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.
NSE:BANKNIFTY
by subhagghosh
4
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.
NSE:BANKNIFTYShort
by subhagghosh
15
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.
NSE:BANKNIFTYLong
by subhagghosh
5
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.
NSE:BANKNIFTY
by subhagghosh
16
Bank Nifty Trading Strategy for 9th Oct'2020Distribution Happens in 23,250 - 23,450 Zone and trader Careful Below 23,065. Last 2 weeks, 3046 point movement from 20,404 to 23,450, too fast movement without consolidation. I have got a sell signal on my trend indicator on 4-hour TF. Decision Zone is 23,394 - 23,451, below this zone will short and above will buy. Targets on lower size:- 23,063 / 22,607 / 22,247 and upside target is 24,051. The extreme downsize target is 21,928. I went back to the drawing board to figure out what went wrong with today's analysis and after that, I removed a major distraction from my analysis comparing PA with FNO data (FNO data limits your though process) and build a fresh chart altogether. 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.
NSE:BANKNIFTYShort
by subhagghosh
18
Expiry Special Analysis for 8th Oct'2020.#banknifty OI down by 1.39% and price up by +0.49 %, which indicates a neutral setup. Long positions are trapped in 22,750 -23,000 zone, any gap up will get sold off, and selling pressure will intensify below 22,700. Bold Recommendation:- Short market at higher levels with SL of 23,388. FII bought 1093.81 Cr & DII sold 1129 Cr, DII is selling for the last four days. FII is bullish & DII is bearish on the index. The overall neutral, reason we are yet to enter the uptrend channel that is running for the last 3 months and the trend will be positive above 23,388. In the last 9 trading day's we have covered 2631 points and this is too fast and the 5th wave seems to get completed between 22,890 to 23,090. We will use decision line 22,896, below negative and above positive. Long SL is 21,811. I said Yesterday "Trading stratergy:- To sell in higher range ( 22,900 - 23,100) SL 23,388 for a target of 22,800 / 22,650 / 22,400 / 22,050." and the same is applicable for tomorrow as well. I will not long on index any further, until we cross 23,388 and holds and will add to long-only above 24,000. 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.
NSE:BANKNIFTYShort
by subhagghosh
17
Bank Nifty Trading Strategy for 6th Sep'2020#banknifty OI down by -11.44% and price up by +0.56 %, which indicates short-covering. FII bought 236.71 Cr & DII sold 471.56 Cr, DII is selling for the last two days and FII buying intensity has reduced, which indicates capped upside. FII & PRO:- Index Long DII & Retail:- Index Short Overall neutral. Decision Zone 22,359- 22,506 below is bearish, and above is bullish. Long SL is 21,811. Medium Trend Reversal Level:- 23,388 I posted on Friday:-"The price is expected to reverse from PRZ 22,545 - 22,659 (Don't short blindly, until you see price action reversal signal)" Price reversed and made a low of 22,247. We seem to be on wave 5, which might have an upside target of 22,890 - 23,090. Positional Sell is only below 22,811. 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.
NSE:BANKNIFTYLong
by subhagghosh
5
Bank Nifty Trading Strategy for 7th Oct'2020#banknifty OI down by +9.15% and price up by +2.16 %, which indicates long build-up. Bold Recommendation:- Short market at higher levels with SL of 23,388. FII bought 1101.76 Cr & DII sold 934.84 Cr, DII is selling for the last three days and FII buying intensity increased once again. Data Analysis:- FII unwinded long position on the index and DII & PRO shorted Index today and only retails are long in the index. Perfect trap set for retails on index long positions. The overall neutral, reason we are yet to enter the uptrend channel that is running for the last 3 months and the trend will be positive above 23,388. In the last 8 trading day's we have covered 2488 points and this is too fast and the 5th wave seems to get completed between 22,890 to 23,090. Decision Zone 22,582- 22,651 below is bearish, and above is bullish. Long SL is 21,811. I posted yesterday:- "We seem to be on wave 5, which might have an upside target of 22,890 - 23,090" and we achieved 22,890 targets today. Trading stratergy:- To sell in higher range ( 22,900 - 23,100) SL 23,388 for a target of 22,800 / 22,650 / 22,400 / 22,050. I will not long on index any further, until we cross 23,388 and holds and will add to long-only above 24,000. 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.
NSE:BANKNIFTYShort
by subhagghosh
7