Just Here Nifty Banknifty

2021-08-04 14:30:03 Today Banknifty was Up by 820.60 Points or 2.33%. Looks like our old volatile and trendy banknifty is back, now let's hope this type of trending movement will continue . HDFC was top gainer today with a gain of more than 4%.

Banknifty opened small gap up, just a bit above our buying level. Gone straight away till almost 36k(more than 600 point rally) and taken a small rejection from 36k. Then halted sometime around the 36k level, given a breakout which also given small profit. Then came little down but good thing is that we got a close above 36k ! Open / Comment

2021-08-04 11:36:36 Exactly at 11:14am when banknifty was at top, I given a update of it can take some retracement. Then given a fall of around 300 point.

Now after halting sometime, it broke 36k level and trying to move upside. Today it will interesting to see whether we get another rally in next remaining 1hr or not...

No any fancy and complicated indicators, only simple logic and setups on naked chart Open / Comment

2021-08-04 08:44:03 Banknifty at resistance levels + around 36k round number. Anyone holding buying position be cautious and trail SL tightly as very less probability it will cross it directly.

It may take some minor retracement or halt around this levels then may continue the rally again ! Open / Comment

2021-08-03 17:18:34 𝘽𝙖𝙣𝙠𝙣𝙞𝙛𝙩𝙮 𝘼𝙣𝙖𝙡𝙮𝙨𝙞𝙨 𝙛𝙤𝙧 𝙏𝙤𝙢𝙤𝙧𝙧𝙤𝙬

After a good rally today, now what's next - A upside continue or again back to the same range that only time will tell and as a trader we will trade what market is telling us without predicting anything from now !

Can look to buy if market opened Flat and crossed 35240. If it halts in the same level till 12-1 pm then gives breakout then it will be more strong. Check the comment box, i have posted 2 possibilities from where market can continue buying movement.

Can do scalping at selling side. Taking selling trade with normal big targets will be risky tomorrow, so we will either avoid selling or do scalping.

Best of luck for Tomorrow Open / Comment

2021-08-03 17:18:30 Open / Comment

2021-08-03 14:30:04 Today Banknifty was Up by 497.45 Points or 1.43%. Wow, finally a one sided trending day which we waiting from last many days. Nifty touched new Lifetime high + crossed 16k and closed above it. Vix also rallied and closed at 13.75.

Today many traders shorted Nifty when it touched 16k, and you all know it futher rallied from 16k also. Always remember, If at round level market makes a pinbar like candle in 1/5mins chart, then only you have to short. Today this was not the case. If market is halting around resistance levels then its in mood to break that resistance. This was just a trailer, I'm going to post detailed setup of round level trade to my paid members. Rest my heartily congratulations to everyone who has got his 12th result today Open / Comment

2021-08-03 09:03:16 Nifty way to 16k

10 more points to goo Open / Comment

2021-08-02 18:45:09 Today Banknifty was Up by 125.65 Points or 0.36%. 3rd consecutive day banknifty is in small range, today also the same thing we seen. The heavyweight stock in Nifty, i.e Reliance was up by 1.83% that's why nifty was slight bullish today but not that much bullish !

Banknifty opened around our buying level itself, given movement around 100 points from our level then reversed back. Then we got a range breakdown after 2pm which given around 100-150 point profit. Today we don't get any attractive setup, let's hope tomorrow we will get Open / Comment

2021-08-02 06:14:31 𝘽𝙖𝙣𝙠𝙣𝙞𝙛𝙩𝙮 𝘼𝙣𝙖𝙡𝙮𝙨𝙞𝙨 𝙛𝙤𝙧 𝙏𝙤𝙙𝙖𝙮

Best of luck for Today Open / Comment

2021-08-01 17:20:22 Happy friendship day traders

Will drop analysis post tomorrow morning Open / Comment