subhagghosh

subhagghosh

#banknifty analysis for 9th Feb The last 2 days' chart doesn't look great. Gravestone Doji on the daily chart on Friday, until Friday's high, is not crossed, the index will be under pressure. Decision Zone:- 35,910 - 36,153, trend deciding levels 35,750 Upper Targets:- 36300 / 36500 / 36900 Lower Targets: 35,777 / 35,550 / 35,300 / 35,050 One of the best...

subhagghosh

#banknifty analysis for 8th Feb 7 trading session 6927.5 point rally, it's too fast & furious rally to sustain and have to cool down. Gravestone Doji on the daily chart on Friday, until Friday's high, is not crossed, the index will be under pressure. Decision Zone:- 35,545 -35,979, trend deciding levels 35,750 Upper Targets:- 35, 950 / 36100 / 36300 /...

subhagghosh

#banknifty #ElliotWave analysis on monthly time frame:- Wave 1 is from 2110 to 10,774 is of 8,634 points. Wave 2 is from 10,774 to 3,314 is of 7,460 points, corrected here almost 86% of wave 1 Wave 3 is from 3,314 to 32,613 (29,299) extended 253% of wave 1 Wave 4 is from 32,613 to 16,116 (16,497) corrected almost 56% of wave 3 Move from 0-3 is 2,110-32,613 =...

subhagghosh

#banknifty analysis for 5th Feb 6 trading session 5725 point rally, it's too fast & furious rally to sustain and have to cool down. The pattern getting formed is a nonsustainable pattern and will fail (71% elevation can't be sustained) Positional short only below 34,200. Decision Zone:- 35,028 -35,160 Upper Targets:- 35,321 / 35,413 / 35,845 / 35,996 /...

subhagghosh Updated 

#banknifty analysis for 4th Feb #expiry special 5 trading session 5220 point rally, divergence on RSI & MACD crossover on the verge, but the price needs to confirm the corrective wave. It's too fast & furious rally to sustain, better to book out the profit. Positional short only below 34,050. Decision Zone:- 34,583 - 34,655 Upper Targets:- 34,791 / 35,321 /...

subhagghosh Updated 

#banknifty analysis for 2nd Feb Decision Line:- 32,167 Upper Targets:- 33,586 / 34,047 / 34,419 Lower Targets: 31,637 / 31,265 / 30,892 / 30,432 Don't short the market, until 32,167 breaks, till then use the dip to go long. One of the best forms of PA action is not to predict but to act on the price, chart tells you where, when & how to act on price. Wait for...

subhagghosh

#banknifty Budget Special 1st Feb'2020 Let's keep the thing very simple for the budget, the @vix will be very high during the budget speech hence is the vega, which won't allow the premium to drop. You need to wait till 11 AM to 1 PM, to VIX to be crash, before you take my directional trade. If you are right, in cathing the direction, it's can multiply the...

subhagghosh

#banknifty analysis for 29th Jan'2021 Decision Zone:- 30,913 - 31,119 Upper Targets:- 31,250 / 31,637 / 32,167 Lower Targets: 30,676 / 30,439 / 30,142 #banknifty took to support and pullback is expected and trend moves to positive only above 31,680. One of the best forms of PA action is not to predict but to act on the price, chart tells you where, when & how...

subhagghosh

#banknifty analysis for 28th Jan'2021 Until we cross 30,900, we are into short term bearishness. Decision Zone:- 30,380 -30,625 Upper Targets:- 30,909 / 31,365 / 32,0015 Lower Targets: 30,010 / 29,889 / 29,550 / 28,977 The market is deeply oversold, look out for buying opportunities and if the price reverses from the top then only short, no point selling the...

subhagghosh

#banknifty analysis for 27th Jan'2021 Lower side 30,910 is a critical decision point, if the low is breached and holds for 15 mins, the up-move structure will break, and we will enter into a short term bearishness, which gives a lower target of around 29k. On the upside, if we cross, 31,930 and hold then again "all is well" Decision Zone:- 31,256 -...

subhagghosh

#banknifty analysis for 25th Jan'2021 We have 4 trading sessions before the budget, the market will be volatile and a directional move is only expected after the budget on 1st Feb'21. The principal rule is, when you have volatility in the market, reduce your risk by reducing the position size. Decision Zone:- 31,356 -31,502 Upper Targets:- 31,620 / 31,738 /...

subhagghosh

Nifty & BankNifty Analysis for Short to Medium Term. What is DXY? DXY is the U.S. dollar index (USDX) is a measure of the value of the U.S. dollar relative to the value of a basket of currencies of the majority of the U.S.'s most significant trading partners. This index is similar to other trade-weighted indexes, which also use the exchange rates from the same...

subhagghosh

#banknifty analysis for 22nd Jan'2021 We have 6 trading sessions before the budget, the market will be volatile and a directional move is only expected after the budget on 1st Feb'21. The principal rule is, when you have volatility in the market, reduce your risk by reducing the position size. Decision Line:- 32,333 Upper Targets:- 32,560 / 32,842 / 33,166 /...

subhagghosh

#banknifty analysis for 21th Jan'2021 We have 7 trading sessions before the budget, the market will be volatile and a directional move is only expected after the budget on 1st Feb'21. The principal rule is, when you have volatility in the market, reduce your risk by reducing the position size. Decision Zone:- 32,524 -32,434 Upper Targets:- 32,613 / 32, 742/...

subhagghosh

#banknifty analysis for 20th Jan'2021 We have 10 trading sessions before the budget, the market will be volatile and directional move is only expected after the budget on 1st Feb'21. The principal rule is, when you have volatility in the market, reduce your risk by reducing the position size. Decision Zone:- 33,305 - 33,221 Upper Targets:- 32,524 / 32,613 /...

subhagghosh

#banknifty analysis for 19th Jan'2021 We have 10 trading sessions before the budget, the market will be volatile and directional move is only expected after the budget on 1st Feb'21. The principal rule is, when you have volatility in the market, reduce your risk by reducing the position size. Decision Zone:- 31,900 -32,050 Upper Targets:- 32,255 / 32,524 /...

subhagghosh

#banknifty analysis for 18th Jan'2021 We have 10 trading sessions before the budget, the market will be volatile and directional move is only expected after the budget on 1st Feb'21. The principal rule is, when you have volatility in the market, reduce your risk by reducing the position size. Decision Zone:- 32,242 - 32,295 Upper Targets:- 32,353 / 32,524 /...

subhagghosh

#banknifty analysis for 15th Jan'2021 Almost spend 2 hours on multiple time frame analysis to figure out if there is any weakness in the chart, as we clocked ATH, honestly, I was trying to figure out something somewhere but couldn't figure out anything which can give me a signal of weakness. The market is supreme, let not predict anything but swim with the...