Pivotal_Traders

Pivotal_Traders

BN is bullish than ever and why not it has to catch up nifty's movement which is unbeatable since past one week

Pivotal_Traders

Banknifty is tobe traded cautiously tomorrow since an year end and it might give wild moves however we can assume these moves out of the possibilities on the way it opens tomorrow. Trading expiry range for bank nifty is defined. All positions to be squared off before 2 pm

Pivotal_Traders

Banknifty has created multiple probabilities of continuing the upward move and it should be faster with good momentum now. In the graph you can see we have three positives: 1. W pattern broke, price came back to test the level of break and formed reversal signs 2. Bull Flag was formed and it broke that too 3. BN is above vwap, 200 ema and 20 ema.

Pivotal_Traders

Banknifty today's expiry day range

Pivotal_Traders

Bank nifty expiry range is being developed considering three possible scenarios- Opens Flat, Gap up or Gap Down. Two cases out of three must be bullish biased while the gap down would make the bullish nature slow and can lead to sideways movement. Consider your SL , can do strangle options selling . Close positions around 1:30 , STRICTLY before 2 pm. Violent...

Pivotal_Traders

It is evident that NIFTY is strong and BN is lagged but does that mean a catch up is legit or it is imminent ? Well the week expiry is expected to be a typical one with more than probable expectation

Pivotal_Traders

The fact that nifty has been consistently outperforming other indices is itself enough for it to prove the lions den for the bears. Marked the EXPIRY DAY range with three possibilities based on the kind of open.

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Here is the indicative range for expiry trading . Profit ! Keep SL !!

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Banknifty revised expiry range

Pivotal_Traders

The trend is overbought expect some correction with rangebound movement.

Pivotal_Traders

Banknifty has shown the long pending cover up trend. I mean it was all obvious that it will catch up with other indices sooner or later. However it has yet not shown the kind of quick recovery happened in other indices like Dow jones or Nifty. Nevertheless an option seller is more concerned how the strikes expires on expiry and what probabilistic estimate can be...

Pivotal_Traders

Banknifty got a slump with a perfect V shaped recovery within the same time duration for it fell . The expiry day should be a sideways day, Plan your trades with SL.

Pivotal_Traders

Banknifty has tested for a long time in the historical trading range as marked in the graph and exiting that is itself an achievement for the bulls. It is much promising for this zone's upper bound to be tested no matter how strongly it comes to test it. IT IS and IT IS BULLISH ! This fact is difficult to digest considering the blood bath on Last Expiry Day,...

Pivotal_Traders

Bank nifty expiry day strategy the bias is towards trend continuation however we are witnessing that BN is making trending move on expiry thus a possibility of sideways confused movement is there today.

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Nifty Expiry Day Range.

Pivotal_Traders

Bank Nifty is what we can say a strong instrument with much robust liquidity. It has recently on daily timeframe made M pattern fail to regain as a strong upmoving instrument. The bias is bullish. Three possible scenarios arises as per the behavior of the BN on open: thus three possible paths to be a possibility . Any other movement from above these three paths...

Pivotal_Traders

Bank nifty is trading with comforts to distribute sums . Now the much depends upon it to continue the trend or give whipsaws, as for the technicals market has kept bearish view even though a more U shaped recovery to say. However what we notice is that if the U shaped recovery was itself weak then BN would have weaker retracement .232 possibly. Thus a very...

Pivotal_Traders

Bank nifty is trading with comforts to distribute sums . Now the much depends upon it to continue the trend or give whipsaws, as for the technicals market has kept bearish view even though a more U shaped recovery to say. However what we notice is that if the U shaped recovery was itself weak then BN would have weaker retracement .232 possibly. Thus a very...