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BANK NIFTYImportant levels for 13/10/2022. Again a close nicely just above the buyer reference has kept the index nicely poised for an interesting expiry. If we open flat and see price finding buyer support @ 39210-39240, we can take long entries for initial targets of 9447 followed by the old seller zone of 39549-39615. Like Monday's analysis price sustaining above these can test 39745 and 39923. Any big gap opening and we will look for trades simply based upon intraday data. On the down side with many buyer reference zones nearby and with no lucrative RR would give the selling trades a miss unless we see a major gap up/down.
NSE:BANKNIFTY1!Long
by deepss4u
NIFTYImportant levels for 11/10/2022. After an interesting session the closing would make buyers more happier than sellers. For tomorrow a flat open and price sustaining above 17250, we can expect price to see 17312-17337 followed by the old seller reference of 17389-17408. This trade has a lower RR so initial SL cannot be more than 20 points and trailed as per data. But if we open flat and trade below 17240, risky traders can take shorts with 17260 as SL and look for initial targets of 17190. If price stays below 17190 there is a high probability of price testing 17114-17135 and today's low @ 17050. Safe traders take positions only below 17190.
NSE:NIFTY1!
by deepss4u
BANK NIFTYImportant levels for 11/10/2022. We witnessed an interesting session today and despite all negative news around our markets are having a mind of their own. A big gap down to open with and a wonderful rally till PDH and then some pullback with a close which will make the buyers happy. For tomorrow, if we open flat and move above 39266, we can take longs with a 60-70 point SL and look for initial target of 39388 and 39444 followed by the old seller reference of 39549-39615. If we still witness more buying we can see 39725 and 39923. In case op gap up, would like to wait to see how we move in the first 15 mins and then take positions as per the data. Similarly if we open flat and move below 38982, we can short with a 50-60 point SL and look for targets of 38770 and 38594. But if we witness a gap down open, would prefer to wait and short as per the data at that time.
NSE:BANKNIFTY1!
by deepss4u
BANK NIFTYImportant levels for 07/10/2022. At the beginning of the session we were wary of longs as we opened near the old seller reference area and longs were avoided but at the far end of the reference we saw rejection and got a very nice trade. For tomorrow, with VA almost equidistant from day's high and low staying light on positions can be a good idea. If we open flat and move down, we can take shorts below 39345 for targets of 39168-39214 followed by 39043 and the buyer reference of 38852-38920. On the long side, there does not look any good RR, so we can avoid it unless we witness a major gap down close to mentioned buyer reference zones.
NSE:BANKNIFTY1!
by deepss4u
BANK NIFTYImportant Levels for 06/10/2022. Last session, we saw initial momentum with heavy buying volumes towards the upside and there was nothing much post the first hour. Today we can go longs once we break PDH @ 39345 or if we get any dips till the buyer reference zone of 39168-39213. The targets o look for is at the old seller reference of 39521-39740. But if we open gap up close to the seller reference we need to wait for first 15 minutes and then take positions as per the data.
NSE:BANKNIFTY1!
by deepss4u
NIFTYImportant levels for 04/10/2022. We closed almost at day's low but with today's POC at the closing price, it is a difficult thing to know whether to look for shorts or longs. The higher time frame picture is bearish, but with buyer references nearby shorting at current levels would not give us a great RR. The important levels to look is the untested buyer reference at 16751-16765. Comfortable shorts are only below those levels. Another set up for shorts can be see if we see a gap up followed by rejection at the seller reference area 17090-17148. Not looking for longs at all currently. To sum it up, it won't be a bad decision to not trade in nifty tomorrow.
NSE:NIFTY1!
by deepss4u
BANK NIFTYImportant levels for 04/10/2022. The buyers tried real hard to defend but eventually gave up, and it is still not evident that the sellers are in control. Overall a dicey close today. For tomorrow, i will be confident to short only if any rejection is seen inside 38318-38509 (the area where maximum sellers were present). if we open flat and break today's low @ 38086, a short sell can be taken with 37956 as initial target. Subsequent targets to look is 37750 and 37600 which is the old buyer reference. SL has to be of 60-70 points and trailed. As of now, we do not see any favorable trades but if any thing comes up intraday, will update.
NSE:BANKNIFTY1!
by deepss4u
NIFTYImportant levels for 03/10/2022. For Nifty, there has been hardly any change in the composite VA for the week and with prices currently above it and below last session's VA, not taking any trades is the best trade. Once we break and sustain above PDH @ 17209, we can take longs for targets of 17319 followed by the old seller reference of 17448-17473. Similarly on the short side, once we break 16983 we can look for targets of the buyer reference of 16788-16826 followed by PDL and the old buyer references of 16751-16765.
NSE:NIFTY1!
by deepss4u
BANK NIFTYImportant levels for 03/10/2022. Last session we saw a good intraday move on the upside and we closed after facing resistance at the old seller reference. Looking at the charts from a weekly point of view we are still not above the composite profile. For tomorrow, if we open flat all we need to do is wait unless we get a clear picture of who i in control as we see an immediate seller reference at 38929-39091 and buyer reference at 38444-38591. So till we rotate inside these zones I would prefer to wait. For longs, once we open flat and trade above 39091 we can take positions with a 60-80 point SL for initial targets of 39318, followed by the old seller reference area of 39521-39740. For shorts, once we break and sustain below 38444, we can look for targets of the buying reference of 37956-37749.
NSE:BANKNIFTY1!Short
by deepss4u
NIFTYImportant levels for 30/09/2022. A good sell off followed by a silent absorption by buyers. The VA of today's session is at lower levels and we got a closing inside VA close to VAH. This puts us in a tight spot as the overall trend is bearish but with this sort of absorption at lows one can think of just seeing where this index decides to move. For tomorrow, if we see a flat open, we can wait for shorts until the old buyer reference of 16750-16765 is broken and then look for targets of 16668,16589 and 16537 which is the older buyer reference. But if we see a slight gap up, we wait for first 5 minutes and any rejection at seller reference of 17000, we can short here for targets of 16855, 16800 and 16761. For the up side, if we open flat and trade above 16900, we can play longs for targets of 16972,17000 and 17067.
NSE:NIFTY1!
by deepss4u
BANK NIFTYImportant levels for 30/09/2022. We wished for a gap up for better trades and we got good results. The bears took control in the morning but post 12pm they could not do much and we did not see much action. For tomorrow, we will be taking fresh shorts only below 37600. Our initial targets should be 36305 and if we still sustain below it, we can set final targets at the old buyer reference area of 36553-36775. This target may not be achieved intraday but on a positional basis. Will give longs a miss or play with reduced quantities above 38156 for targets of 38327 and 38404. As we will be starting a new contract the spot levels can be more accurate, we cab short below 37550 for targets of 37230.
NSE:BANKNIFTY1!Short
by deepss4u
BANK NIFTYImportant Levels for 29/09/2022. The buyers tried hard to defend 38000 levels but the sellers were relentless and we did witness some heavy selling in the second half. For tomorrow, we need to see where we open because a flat opening does not give us a good RR on the short side. 37600 being a old buyer reference we need 37600 to be broken and price sustain below it and then only we can look for targets of 37305 followed by old buyer reference zone of 36553-36775. But if we see a gap up we will get a more confident set up to short at higher levels around 38000 for initial targets of today's low @ 37672 and keep trailing for previous mentioned targets. On the up side, if we see prices finding support at the old buyer reference of 37600, we can take longs with reduced quantities for targets of 37927,38078,38183 and 38283. SL has to be of 50-60 points and trailed aggressively.
NSE:BANKNIFTY1!Short
by deepss4u
NIFTYImportant Levels for 29/09/2022. The buyers tried hard but once we reached the VA of the last session the sellers got in and did close well. For tomorrow, 16870-16882 can be an important zone. If we see a flat opening and price falls immediately the short positions should have an SL of 16885 and targets shall be the old buyer reference of 16751-16765. But a better trade would be if e have any gap up near today's VA of 16950-16982 and then shorts will give us a good RR with initial target of PDL @ 16835 and next target of 16751-16765 as mentioned. For longs i will wait and take longs with reduced quantity if we see the buyers defending 16835-16850 levels and take positions only above 16882 for targets of 16950-16982 and the old seller reference of 17030-17067. Safe traders can give longs a miss for tomorrow.
NSE:NIFTY1!
by deepss4u
USDCAD: Where can we align to the main trend?Hi Traders, This is my view for this week on: - USDCAD I remind you that this is only a forecast based on what current data are. Therefore the following signal will be activated only if specific rules are strictly respected. I really hope you liked this content and I would like to know what do you think about this analysis, so please use the comment section below to give me your point of view. Pit DISCLAIMER: Trading activity is very dangerous. All the contents, suggestions, strategies, videos, images, trade setups and forecast, everything you see on this website and are the result of my personal evaluations and was created for educational purposes only and not as an incentive to invest. Do not consider them as financial advice. ———————————
Long
by kitchen_trading
NZDUSD: two liquidity zones from which I'll go shortHi Traders, This is my view for this week on: - NZDUSD I remind you that this is only a forecast based on what current data are. Therefore the following signal will be activated only if specific rules are strictly respected. I really hope you liked this content and I would like to know what do you think about this analysis, so please use the comment section below to give me your point of view. Pit DISCLAIMER: Trading activity is very dangerous. All the contents, suggestions, strategies, videos, images, trade setups and forecast, everything you see on this website and are the result of my personal evaluations and was created for educational purposes only and not as an incentive to invest. Do not consider them as financial advice. ———————————
Short
by kitchen_trading
NIFTYImportant levels for 23/09/2022. The level at which we have closed today is inside the day's VA and if we look at how the day panned out, we can see the price went up in he morning tested previous day VA and then fell and found support at the old buyer reference area and then the expiry dance and a close where none of the buyers or sellers look in control. Tomorrow, we can give the long trades a miss at current levels as we do not see a great RR, but if we see a gap down open we might take longs with reduced position sizing if we see support at 17492-17538 zones. This can be a risky proposition as these reference area has been tested multiple times. For shorts, we can short once we sustain below 17615 for targets of 17544,17492 and the old buyer reference zone of 17357-17382.
NSE:NIFTY1!Short
by deepss4u
BANK NIFTYImportant levels for 23/09/2022. A close right in the middle of the day's range with the control in the hands of the sellers. Tomorrow once we break and sustain below 40624, we can look for shorts as there is a high probability of the price testing today's low @ 40414. The next targets can be 40310 followed by the old buyer reference area of 40020-40100. SL can be max of 60-80 points. On the upside, would prefer to give a miss but risk loving traders can take longs above 41002 with reduced quantity and tight SL for targets of 41220-41390.
NSE:BANKNIFTY1!Short
by deepss4u
BANK NIFTYImportant levels for 22/09/2022. The index is currently inside the buyer reference zone of 40948-41057 and the seller reference zone of 41469-41563. So unless we break either side we can mainly look for scalping opportunities as per intraday data. Longs above the mentioned seller reference still looks a bit dicey and we can look to take longs with less quantity for target of 41750 and 41850. Will be trading this only if we get a RR of more than 1:2, else give it a miss. On the short side, once we break today's low, we can set targets at 40571,40310 and final target should be the old buyer reference of 40020-40100.
NSE:BANKNIFTY1!
by deepss4u
NIFTYImportant levels for 19/09/2022. The sellers were in control throughout the day but looks some level of buying has happened and the VA is at the lows at the old buyer reference also. So unless we are break 17492, we can avoid shorts and once we break 17492 we can look for targets of 17357-17382. But if we break above 17620 we can take longs with initial targets of 17691-17712. These levels saw good amount of selling in the last session. We need to wait for first 15 minutes and then take positions as we closed in an important zone.
NSE:NIFTY1!
by deepss4u
BANK NIFTYImportant levels for 16/09/2022. We hit a new ATH today and witnessed good profit booking. After the initial fall, there was a good fight between buyers and sellers and one could say the sellers have an advantage because of the early selling. For tomorrow we can look to short once we break and sustain below 41200 for targets of previous buyer reference @ 40794-40904. Longs can be avoided in case of a flat or gap up opening but in case we open with a gap down, we can look to add longs with reduced quantities at the earlier mentioned buyer reference areas. The targets to look forward will be 41200 and 41300.
NSE:BANKNIFTY1!Short
by deepss4u
NIFTYImportant levels for 16/09/2022. At the end of the day we just witnessed an inside day and unless we break either the high or low of the previous session (Wednesday) we should avoid taking positions. For tomorrow, longs only above the seller reference zone of 18080-18118 for targets of 18196 and 18224 and shorts only below 17800 for targets of 17694 and previous buyer reference of 17640-17663. Also if we see a gap up opening again tomorrow, we can short if we face rejection again @ 18080-18114 seller reference area for targets of 17881-17925.
NSE:NIFTY1!
by deepss4u