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Pivotlevels

Banknifty range setup for 11th July | Pullback to Retest Overall Structure : Uptrend/ Bullish range Index components : Bullish Neutral correlation FGI Sentiments : Bullish - 68.63↑ Indian & 30↑ Global Insider Data : Neutral, PCR: 1.05↓, IVP: 19↓, IV: 19.2↓, VIX: 18. 40 (24/31)↓ ↑Up : 35430, 35660, 35950, 36220. ↓Down : 34900, 34660, 34440, 34200. Market Opening(*Expected): Flat Activity : Short Buildup/Short Covering (rebalancing) Factor Impacts: High Inflation and Interest rate hikes, Operating margin declines, and political election scenario. Conclusion: Market may fall to retest at a key level. ~~~~~~~~~~~~~~~~~~~~~~~~~ ***Note: Identify the B/S zone, Follow the trend direction with strong confirmation. Nothing works 100% of the market. It depends on 50% weightage of technical chart, 25% to OI, and 25% to FII data. We rigorously tested the strategy and is 88.6% accurate. This strategy is for knowledge point of view only & is subjected to market risk. (Data source@22:30 IST)***
NSE:BANKNIFTYShort
by ceogbs89
Nifty range setup for 11th July | Pullback to Retest at keylevelOverall Structure : Uptrend/ Bullish range Index components : Bullish Neutral correlation FGI Sentiments : Bullish - 68.63↑ Indian & 30↑ Global Insider Data : Neutral, PCR: 1.09↓, IVP: 40↓, IV: 15.9↓, VIX: 18.40(24/31)↓ ↑Up : 16300, 16350, 16400, 16450, 16500. ↓Down : 16150, 16100, 16000, 15925, 15850. Market Opening(*Expected): Flat Activity : Short Buildup/Short Covering (rebalancing) Factor Impacts: High Inflation and Interest rate hikes, Operating margin declines, and political election scenario. Conclusion: Market may fall to retest at a key level. ~~~~~~~~~~~~~~~~~~~~~~~~~ ***Note: Identify the B/S zone, Follow the trend direction with strong confirmation. Nothing works 100% of the market. It depends on 50% weightage of technical chart, 25% to OI, and 25% to FII data. We rigorously tested the strategy and is 88.6% accurate. This strategy is for knowledge point of view only & is subjected to market risk. (Data source@22:30 IST)***
NSE:NIFTYShort
by ceogbs89
Nifty range setup for 8th July | Turned for an Impulsive moveOverall Structure : Uptrend/Bullish range Index components : Neutral correlation FGI Sentiments : Bullish - 63.54↑ Indian & 28↑ Global Insider Data : Bullish, PCR: 1.23↓, IVP: 51↓, IV: 17↓, VIX: 19.20(26/32)↓ ↑Up : 16200, 16250, 16300, 16350, 16450. ↓Down : 16050, 16000, 15920, 15850, 15750. Market Opening(*Expected): Gap up Activity : Short Buildup/Short Covering (rebalancing) Factor Impacts: High Inflation and Interest rate hikes, Operating margin declines, and political election scenario. Conclusion: Avail on request. ~~~~~~~~~~~~~~~~~~~~~~~~~ ***Note: Identify the B/S zone, Follow the trend direction with strong confirmation. Nothing works 100% of the market. It depends on 50% weightage of technical chart, 25% to OI, and 25% to FII data. We rigorously tested the strategy and is 88.6% accurate. This strategy is for knowledge point of view only & is subjected to market risk. (Data source@21:30 IST)***
NSE:NIFTYLong
by ceogbs89
Nifty range setup for 7th July | Follow the structural moveOverall Structure : Uptrend/Partial bullish Index components : Neutral correlation FGI Sentiments : Neutral - 56.41↑ Indian & 24↑ Global Insider Data : Bullish, PCR: 1.25↑, IVP: 78↑, IV: 22↑ High, VIX: 20.26(27/34)↓ ↑Up : 16030, 16140, 16200, 16270, 16370. ↓Down : 15900, 15800, 15750, 15700, 15630, 15550. Market Opening(*Expected): Gapup to down/Flat to up Activity : Short Buildup/Short Covering (rebalancing) Factor Impacts: High Inflation and Interest rate hikes, Operating margin declines, and political election scenario. Conclusion: Avail on request. ~~~~~~~~~~~~~~~~~~~~~~~~~ ***Note: Identify the B/S zone, Follow the trend direction with strong confirmation. Nothing works 100% of the market. It depends on 50% weightage of technical chart, 25% to OI, and 25% to FII data. We rigorously tested the strategy and is 88.6% accurate. This strategy is for knowledge point of view only & is subjected to market risk. (Data source@22:30 IST)***
NSE:NIFTYLong
by ceogbs89
Nifty range setup for 6th July | Follow the structural base Overall Structure : Neutral - Pump & Dump Structure Index components : Neutral correlation, Top-Down approach FGI Sentiments : Neutral - 53.89↑ Indian & 22↓ Global Insider Data : Bearish Neutral, PCR: 0.79↓, IVP: 69↓, IV: 20.8↑ High, VIX: 20.78↓(28/36↑) ↑Up : 15900, 15960, 16010, 16080, 16170. ↓Down : 15700, 15630, 15560, 15460, 15380. Market Opening : Gapdown (Expected*) Activity : Short Buildup/Short Covering (rebalancing) Factor Impacts: High Inflation and Interest rate hikes, Operating margin declines scenario. (cut-off at debt auction) Conclusion: Avail on request. ~~~~~~~~~~~~~~~~~~~~~~~~~ ***Note: Identify the B/S zone, Follow the trend direction with strong confirmation. Nothing works 100% of the market. It depends on 50% weightage of technical chart, 25% to OI, and 25% to FII data. We rigorously tested the strategy and is 88.6% accurate. This strategy is for knowledge point of view only & is subjected to market risk. (Data source@21:30 IST)***
NSE:NIFTY
by ceogbs89
Has potential Potentially looking at AUDUSD for further upside, however the pivot level is acting as good resistance. We may reject from the level to gain some distance before a momentum fuelled move to the upside. Tricky pair to judge but it has been in a sustained downtrend since April 5th. Watch to see if we get a clear break through the pivot high or decrement back down, the details of the price action will be key in determining the outcome of a successful trade here. - Update - Yesterday's Gold trade worked out nicely and is looking to continue its upside. See linked idea.
Long
by RuckSack
BTCUSD-D1/W4-AT A TRICKY LEVEL !DAILY (D1) Yesterday'price action triggered a nice recovery following the upside breakout of the Tenkan-Sen, (currently @ 47'539) ans as result the BTCUSD close @ 48'929,roughly at the level of the Mid Bollinger Band, which as already mentioned several times in the past should not be underestimated and should also be seen as a good barometer indicator. Therefore, in order to confirm the yesterday's price action, the BTC, needs now to confirm by a clear follow through by keeping this ongoing upside move. Next resistance to watch at is the psychological resistance level of 50'000 ahead of the most important KEY PIVOT LEVEL @ 50'608 on this daily time frame. On the downside, the former KS @ 47'539 should now be seen as the first significant support level ! 4 HOURS (H4) The double & triple bottom area around 45'500 hold well and the former downtrend channel has also been broken, followed by a pullback towards the top downtrend line of this H4 channel; this downtrend line rejected the downside breakout attempt and therefore, I would suggest to look at vey carefully this former downtrend channel and mainly the top line of it as a good indicator for getting more clues about further the upcoming H4 trading period (s) As usual, watch also carefully, shorter time frames to get early signal (s) of validation or invalidation. Have a nice trading day and all the best. Ironman8848 & Jean-Pierre Burki
BITSTAMP:BTCUSD
by Ironman8848
1