Just Here Nifty Banknifty

2021-07-27 17:17:47 Open / Comment

2021-07-27 17:17:39 Clearly posted this fibo rejection level chart before few days in the 'Banknifty overview post.'

No Magic, only Simple Logic Open / Comment

2021-07-27 14:02:04 Today Banknifty was down by 152.25 Points or 0.44%. Again a small negative day, talk of the town was 'Dr Reddy' bcoz it was down around 10%. Yes FnO stock falling 10% is big thing, and 1 minute salience for those who not followed the SL in the hope of recovery. It opened flat and then given 10% intraday fall, so if anyone suffered big loss then its truly your mistake traders as you not exited with small loss, market will always give opportunity and time to exit.

Banknifty tried for upside in the first half, made high of 35186 then taken rejection from there. Remember what i told in 'Banknifty overview' post, 35175 is which level traders and comment down. Open / Comment

2021-07-27 09:17:39 As of now banknifty stucked in this rising wedge. Which side higher probability of breaking it ??

Comment Open / Comment

2021-07-26 18:14:54 𝘽𝙖𝙣𝙠𝙣𝙞𝙛𝙩𝙮 𝘼𝙣𝙖𝙡𝙮𝙨𝙞𝙨 𝙛𝙤𝙧 𝙏𝙤𝙢𝙤𝙧𝙧𝙤𝙬

After a small breakout failure today, market closed in a small range only and lower side of the range. Tomorrow will be quite interesting and easy to trade. Already given a trendline breakdown and when it will break the range also then we can immediately short. For buying we will look only after today's high when most of sellers SL will be hitted.

Can look for buying if crossing 35140.

Can look to sell if breaked 34830.

Best of luck for Tomorrow Open / Comment

2021-07-26 18:14:50 Open / Comment

2021-07-26 14:01:24 Today banknifty was down by 84.70 points or 0.24%. Again a sideways day, Zomato only outperformed (Up 11.63%), rest in many result declared stocks we did't got any significant move.

In banknifty we also we didn't get much trade in intraday. Just banknifty come to trigger our buying level of 35085 which i given to buy half qty, then given fall. 35170 not triggered, so full qty never executed. Anyone taken trade with half qty, I hope he exited by giving small SL. Open / Comment

2021-07-25 17:15:56 𝘽𝙖𝙣𝙠𝙣𝙞𝙛𝙩𝙮 𝘼𝙣𝙖𝙡𝙮𝙨𝙞𝙨 𝙛𝙤𝙧 𝙏𝙤𝙢𝙤𝙧𝙧𝙤𝙬

After a perfect closing above 35k, now tomorrow it's important to see where banknifty opening. Nifty looking at much interesting stage than banknifty, in Nifty we can buy as soon as it crossed 15910. Many stocks in Nifty declared results so need to watch them also.

Buy half qty as soon as crossed it 35085 and add remaining qty if crossing 35170 also.

Look to sell only if breaked 34670. Waiting for a 5min candle close below our level will be better.

Best of luck for Tomorrow Open / Comment

2021-07-25 10:47:30 𝙉𝙞𝙛𝙩𝙮 𝙤𝙫𝙚𝙧𝙫𝙞𝙚𝙬 𝙛𝙤𝙧 𝙣𝙚𝙭𝙩 𝙛𝙚𝙬 𝙙𝙖𝙮𝙨

Nifty also still in tight range, but at same time much closer to new life time high. Analysis for nifty is much simple, now Nifty trading in upper range and the 15900 resistance also multiple times tested. So if Nifty breakes 15900, then our next immediate target will be 16000-16100.

We will not look about downside as of now, as the downside 15600 range breakdown level is far away from cmp. 15600-15900 is the No trading zone. Open / Comment

2021-07-25 10:47:29 Let's come to 30mins chart. I've drawn fibo level to see whether banknifty continuing short term downside trend or converting it to upside.

35170 is the important 50% fibo level for banknifty. Initial fall then Healthy retracement already done now can continue downside from current level. But if banknifty sustaining 35170 level and breaking it upside that means the trend is changing to upside and can give very good rally. Open / Comment