We are going to see a flat to positive opening in Indian Indices today. NIFTY50 Index is trading at no trading range of 150 points. 17,800-17,950 is a no trading zone as Index will stay rangebound and will give indecisive moves when it is in the range. Buy if the range high of 17,950 is broken but also keep in mind 18,000 is psychological level above it 18,050...
Bank NIFTY is at indecision point and has formed a range 400-point range which can also be considered as a no trading zone. We may not see a breakout/breakdown of this range today and see a range bound market today but if the range is broken consider buying above 38,000 and for selling consider 36,000 as a key level. In case Index breaks the range then we’ll...
index has been seen trading in a narrow range with volatility. 17,800 to 17,900 is a 100 point no trading zone and also an indecision point. Consider a buying position above 17,900 for the upside targets of 17,950 and 18,000. 18,000 will act as a resistance as it is a psychological level. Below 17,800 Index can fall till 17,700 as it is a dynamic support. We...
Bank Nifty Update for 07th October 2021 ============================== Bank NIFTY Swings are very tricky to pick, The Index has given a good correction and invalidated the previous impulse. Now the impulse that we saw in yesterday's trading session should give a correction and from there we’ll set up our trade for today. BANKNIFTY has closed in a no trading...
Nifty Update for 07th October 2021 ============================== IN50USD has given a short-covering move after yesterday's trading session. Here’s the Trade Setup for today: According to IND50 data, we are likely to see a gap opening in the Indian Indices. As we know every Impulse has a correction, Index has formed a “HARMONIC HALF BAT” pattern. 17,770-17,800...
We have seen a good bullish momentum from the last 2 trading sessions, India USD has given a good move at night and hit our short-term target which was found by the Harmonic ABCD pattern and giving a correction now. CMP is 17,816 which is Indicating a flat or small gap-down opening in our Market. Trade setup ============== Key support is: 17,750 Key Resistance...
Bank nifty is more tricky to trade in Intraday, swings are very wild and hard to manage from the beginners but most of you love to trade in bank nifty index, LOL. No doubt bank nifty price structure is making higher high but swings are giving fear to hold any position in intraday especially in options buying. Trade setup ============= Key support is: 37,650 key...
Nifty Update (08 September 2021) ================================ The market snapped its three-day winning streak after a volatile session. Here’s the trade setup for today: 17,440 is an important key-level for the day as Index has tested the level multiple times & took resistance. We going to open a long position only above 17,450 if the price closes and...
Banknifty Update (08 September 2021) ================================ Will Banknifty reverse? Banknifty is in a no trading zone and is trading in a narrow range. The index has shown Volatility & roller coaster moves in the previous trading session. Banknifty has formed two Harmonic XABCD & Half Bat Pattern: Here's the trade setup for today: Range High:...
Banknifty Update (31th August 2021) ================================ The Bank NIFTY Index witnessed a bullish rally, going ahead, expect a pullback and range formation in the Index today but the range is going to be much wider. Banknifty has formed a XABCD pattern in the previous trading session and has successfully achieved its targets and has given a dot...
Nifty Update (31st August 2021) ================================ Nifty rose 225.85 points or 1.35 percent to its record closing of 16,931.05. It touched an all-time intra-day high of 16,951.50 in the previous trading session on 30, August 2021 For Today According to IND50 data, we are likely to see a flat to a negative opening in the Indian Indices. Our ABCD...
We have seen a gap up opening in Banknifty Index in previous trading session and a fall was seen from the day high which was made in the morning. The Index fully recovered in second trading session as it was forming a fresh range. Current range is our Intraday levels, if price crosses 35260 our Harmonic half bat and XABCD patterns will get activated and we can...
A recovery from day low 16,495.45 was seen in the previous trading session and today we are going to see a positive opening in the Indian markets as INDIA50 USD & SGXNIFTY is currently trading at 16,590, around 40-50 points flat to positive opening can be seen today. Bullishness can still be seen if we consider the data of INDIA50USD & SGXNIFTY momentum will...
Hello Everyone, BTC has recently given a breakout and has hit my trailing stop loss. My short position was open a couple of months ago from 60k but the main question now is: "Is it a new bull rally & a road to new ATH ?" Well, It is still early to predict that Bitcoin is going to make a new all-time high but one thing is clear, The market structure and price...
Good morning Traders, The IN50USD is trading on a crucial level. The index is making a range and also a demand zone at 15,750 to 15,830 level. Here we have two buying ideas First is from 15,740-15,750 levels, Second is above 15,830. Stoploss or risk is less here and target on the upside is 15,992 (first) & 16,023 (second). If I calculate the risk to reward...
Hello Everyone, Hope you guys have done well in the monthly expiry and made enough bread now let's talk about today intraday and for the Next week as well. you have seen that how Harmonic patterns work and can count every and each swing. You Just need to understand the momentum and the Market structure. Nifty is Trading on their resistance as per Harmonic...
Hello Everyone, Nifty Intraday Idea has already shared and now we are talking about the Bank Nifty index. Bank nifty has given a dot Reversal from the Harmonic ABCD pattern. The level was 35,200 and it's still a strong Resistance for this week. Today Intraday range is 34,400 to 34,800 use this range breakout to build your long or short position in today's...
Good morning Traders, The index is trading on a crucial and narrow range, You must be careful today because today is the last day before the Monthly Expiry. High Probability is Writers Play their game and manage the premiums in today's trading session. The problem is we are getting a very big Range in the Intraday 15,100 to 15,300 which is quite big for...