subhagghosh

subhagghosh Updated 

#banknifty OI up by 5.68 % and price up by +0.89 % shows a neutral position. Again, the last 60 min move is a pure short covering, so we should not read much into the price action as a reversal. #banknifty is seating in strong support zone 22,011 - 22,213 and we managed to hold it. #banknifty is the uptrend channel, trade the channel, lower end of the channel...

subhagghosh Updated 

#banknifty OI up by 8.93% and price down by -2.10 % show short buildups. The last 30 min move is a pure short covering, so we should not read much into the price action as a reversal. #banknifty is seating in strong support zone 22,011 - 22,213 and we managed to hold it. #banknifty is the uptrend channel, trade the channel, lower end of the channel is around...

subhagghosh

VIX will be a cause of worry if we cross above 27.66, which might shoot the VIX up to 40.43.

subhagghosh

#banknifty OI up by 16.23% and price down by -0.87% show long unwinding & short buildups. The last 45 min sink was due to long unwinding, which a matter of concern, as long are getting liquidated around 22850 -22650 zone. Going forward, this zone will act as resistance. #banknifty is the uptrend channel, trade the channel, lower end of the channel is around...

subhagghosh

#banknifty OI up by 5.29% and price down by -0.2% show neutral setup. The last 30 min rally was due to short covering, where 6,968 #banknifty future positions were closed. So we should not read too much into the last 30 min rally to be trend or game-changer, the trend is still weak. #banknifty is the uptrend channel, trade the channel. Decision Zone 23,211 -...

subhagghosh Updated 

#banknifty OI up by 16.33% and price down by 1.44 % shows Short Built-Up position in FNO. There is huge congestion that has occurred in the last 3 days in the range of 23,385 to 24,199 range, any move outside this range will decide the direction. If there is an upside breakout the target on the upside is 24,575 or the downside breakdown is 22,745. All SL for...

subhagghosh

#banknifty OI up by 7.85% and price up by 0.26 % shows the almost neutral position in FNO. BN future is trading at 41.35 Rs premuim & cost to carry is 2.87, indication long buildup with low volume. In today's session, the index formed another inside candle, though the range gets smaller than yesterday's session. If there is upside breakout the target on upside...

subhagghosh

#banknifty OI up by 8.35% and price up by 0.24 % shows the almost neutral position in FNO. What I mentioned on Yesterday:- "My view is LONG on the index, contrary to the majority of analysts" We still have the upside target of 25,827, so still have 500 to 1000+ points on the upside. Three targets are 24,526 / 25,232 / 25,827 All SL for long is revised to...

subhagghosh

#banknifty OI up by 2.44% and price down by 3.14 % shows the almost neutral position on FNO My view is LONG on index, contratory to majority of analyst. What I mentioned on Saturday:- "You still have 1000 to 1500 more point rally to grab, but we have stretched too far, we need to cool down to 23,500-23,600 range to add fresh long" The index cooled down as...

subhagghosh

#banknifty OI up by 16.76% and price up by 3.91 % shows long buildup. You still have 1000 to 1500 more point rally to grab, but we have stretched too far, we need to cool down to 23,500-23,600 range to add fresh long. #banknifty has given breakout above 23,220 after 2 months of consolidation (21,027 - 23,211 i.e 2,184 points range). This gives an upside target...

subhagghosh Updated 

#banknifty OI down by 11.93% and price up by 0.80 % shows short covering. You still have 2000 more point rally to grab. #banknifty has given breakout above 23,220 after 2 months of consolidation (21,027 - 23,211 i.e 2,184 points range). This gives an upside target of 25,395. Upside target's opened are 23,517 (completed)/ 24,364-24,524-24-556 /...

subhagghosh

#banknifty OI 12% and price up by 1.39 % shows long buildups. Now Every Resistance that we had, has turned into support. Upside target's opened are 23,568 / 24,284 / 24,328 / 24,556 as long as 22,410 holds. Will I short in this market? Yes, below 23,198 I will short. Elliot Wave:- Wave 1 :- 21,403 - 22,410 Wave 2 :- 22,410 - 21,901 Wave 3 :- 21,901 - 23,568...

subhagghosh

#banknifty OI up by 0.91% & price up by 1.13% and the future is at 12 Rs discount making the FNO signal as neutral. The whole index setup from 13:15 to 3:30 PM is very weak, zero long buildups only short buildup, and long unwinding. Breakout trades above:- 23,220 Current Move from 21,407 to 23,211, move of 1,804 target of upside is 24,328 (1.618%) & 25,015. PRZ...

subhagghosh

#banknifty setup is neutral, the broader range is 23,200 to 21,000 for the last 2 months. Double harmonic pattern, shows a reversal pattern in the range of 22,750-22,962, SL 23,220. The risk to reward is not in favor of long at current levels. A breakout above 23,220 we can initiate fresh long for 23,707 / 24,074. Decision Zone 22,898 - 22,763.

subhagghosh Updated 

#banknifty setup is neutral, the broader range is 23,200 to 21,000 for the last 2 months. The last 3 days' market was in a tight range and almost no movement. Wednesday 185 point range. Thursday 193 point range. Friday 179 point range. i.e. 0.84% intraday movement. With so little volatility, it's impossible to trade and make money. As per the harmonic...

subhagghosh

OI up by 17.34% and price down by -1.28% shows short build-up and a good amount of short were build up in the last 30 mins with good volume. This time price reversed from 22,308-22,381 zone, which is not a good signal. If #banknifty starts trading below 21,778 and goes below 21,622. Then we are directly heading towards 21,370 / 21,000 / and sub 21k...

subhagghosh Updated 

#banknifty OI down by -1.05 % and price up by 2.16% % shows short-covering, bears are not able to push it hard and bulls are resting. 1:45 PM to 2:30 PM (21,900 -22,150) Long build was created and 2:30 PM to 3:30 PM (21,100 - 21,227) was short covering. The trend is positive, trend changes below 21,909. Tough Resistance 22,186 - 22,245. Fresh long only above...

subhagghosh Updated 

#banknifty OI up by 9.03 % and price up by 0.52% % shows neutral setup and ended the day with Doji setup. Nothing much has changed today, it's an option sellers day. bank nifty was able to defend the trendline breakout whole day with low volume until we have followup buying higher side targets are tough. The trend is positive, trend changes below 21,909. Tough...