Nifty bankNiftybank even after opening gapdown tries to sustain itself in green and closed above yesterday's closing price. As per our last post we have continued to put our view for upside in BANKNIFTY. (Resistance of 41000 is yet to reach)
Some noticing points that I want to clarify are:
Nifty bank is consolidating in a fix range which after its range breakout will give a sharp movement to any of the sides.
For Short term trade (weekly options) support is 40050/39800/39550 if it goes downward direction.
If this consolidation phase continues then we can put our resistance at or near 41000-41350; while support could be set above 39850. (For swing opportunity)
Thanks.
Disclaimer: This post is for educational purpose only. Please consult your financial advisor before investing.
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Tomorrow
Outlook through Friday jan 6 - 1 day - SPYThis is more about momentum than exact numbers over the next 2 days.
Tomorrow, the jobless claims and Job Cuts reports come out at 8:30am. Typically this doesn't matter but in the current economic situation we should be seeing some volatility early before market open. I am expecting a slightly positive report because they have been becoming more positive, although shy of targets. The market may pop for the first couple of hours before dying down. People will be selling off tomorrow for the incoming report on Friday.
Before the market opens on Friday the US Employment Situation report comes out. I think this could trigger a bigger sell off because I think the US employment situation is still strong. The FED doesn't have the unemployment where they want it signaling they will probably have to keep raising interest rates.
Feedback is appreciated! Not financial advice
NIFTY TOMORROW 3 AUGUST WEDNESDAY ANALYSISAs we discussed yesterday price moved 120 points whole session . Tomorrow I am expecting the same trend will follow . If gaps up above 17400 level immediate resistance is 17460 or if gaps down below 17150 immediate target 17080.
As of now we cant expect big move , unless price breaks 17000 support or 17450 resistance , Inside this range price will make a choppy move . It is better if we trade in less quantity until price breaks upper or lower resistance zone.
NIFTY TUESDAY 2nd AUGUST ANALYSISPrice is in the middle of supply and demand area which I have drawn in weekly analysis , Tomorrow getting a 200 point move is very difficult and we can expect 100 to 150 point move and that too has only 3 possibilities, which I have drawn in chart .
I am expecting choppy or sideways market tomorrow.
Nifty tomorrow 29 july friday analysisIf NIFTY price tomorrow starts trading above todays close and makes bullish candle in first fifteen minutes we will buy call ,target would be 17130. If price breaks channel or gaps down around 16750 support area we still buy call and initial target would be todays high. 16750 is strong resistance area , i dont expect market to break this area tomorrow , as of now all around the globe markets are positive.
Previously in our weekly analysis i had drawn big consolidation area around 16900.....17400 area so i expect slow price momentum tomorrow.
NIFTY TOMORROW 28/7/22 THURSDAY ANALYSIS 16570 level and bounceFor the first time since 3 days price made higher high, higher low momentum , I am expecting the same trend to follow tomorrow . Currently price is trading in between 16570....16680 support and resistance levels , if price tomorrow starts trading between support and resistance area we will wait until it breaks resistance or retraces back to 16570 and resumes uptrend.
NIFTY 50 ......WEDNESDAY 27 JULY ANALYSISNifty today traded in same area as we expected yesterday. Tomorrow if gap downs and hits 16340 price level we can expect retracement till 16400 as it is a major resistance area.
If gap ups or price breaks channel and moves beyond 16570 price level immediate target would be 16680. Being wednesday i dont expect big movement of price either side tomorrow.
NIFTY TOMORROW 22 /7/22 FRIDAY ANALYSISNifty is trading in range from 2 days and i expect same trend tomorrow as it is friday option value will not decay much . If price moves beyond 16600 ...16680 will be our target.Market is making higher highs higher lows and didnt crossed previous low since 15190 i dont want to buy put till price breaks 16430 support
NIFTY TOMORROW 22 /7/22 FRIDAY ANALYSISNifty is trading in range from 2 days and i expect same trend tomorrow as it is friday option value will not decay much . If price moves beyond 16600 ...16680 will be our target.Market is making higher highs higher lows and didnt crossed previous low since 15190 i dont want to buy put till price breaks 16430 support
NIFTY TOMORROW 22 /7/22 FRIDAY ANALYSISSince nifty is trading in range from two days tomorrow i expect same as it is friday . Trending market on fridays are rare as we cant expect option decay much and price is making higher highs ..higher lows i dont want to buy put till price breaks 16400 support
If price breaks 16600 can buy ce target will be 16700
NIFTY TOMORROW WEEKLY EXPIRY..................Tomorrow if nifty price starts around 16500 level and first 15min candle shows bullish sighn we will buy 16500 ce and our first target will be 16600 & if price is showing bullish trend with big candles then we can further extend our target till 16670. ...........if price moves downwards below 16460 level we will buy put and can expect gap fill....target 16350
#TOMO/USDT 4HOUR UPDATE BY CRYPTOSANDERS Welcome to this quick TOMO/USDT analysis.
I have tried my best to bring the best possible outcome in this chart.
Hello members welcome to TOMO/USDT quick update by crypto sanders
As we can see that TOMO/USDT was trading inside the triangle pattern and broke the upper trend line.
In the current scenario, TOMO is moving down to retest the upper trend line and yellow MA is also working as support.
Currently, tomorrow is trading inside the green zone which is the zone to go long on the spot or low leverage.
we are expecting more than 50% profit here without leverage.
entry:-$1.24,$1.30
target:-60% to 70%
stop-loss:-$1.18
Sorry for my English it is not my native language.
Remember:-This is not a piece of financial advice. All investment made by me is under my own risk and I am held responsible for my own profit and losses. So, do your own research before investing in this trade.
Do hit the like button if you like it and share your charts in the comments section.
Thank you.
NAVABHARAT VENTURES :: BULLISHDATE: 24 MAY 2021
INSTRUMENT : NBVENTURE
TREND: BUY
TIME FRAME: DAY
CMP: 93.75
BUY ABOVE: 95.10
STOP LOSS: 84
TGT 01: 100
TGT 02: 106.40
DISCLAIMER:
We are not S E B I registered analysts. Please consult your personal financial advisor before investing. We are not responsible for your profits/losses whatsoever.