Just Here Nifty Banknifty

2021-07-25 10:47:28 𝘽𝙖𝙣𝙠𝙣𝙞𝙛𝙩𝙮 𝙤𝙫𝙚𝙧𝙫𝙞𝙚𝙬 𝙛𝙤𝙧 𝙣𝙚𝙭𝙩 𝙛𝙚𝙬 𝙙𝙖𝙮𝙨

This is Daily chart of Banknifty. Currently Banknifty taken a support from 34400, yesterday made a Pinbar like candle and we got a good closing above 35k. Open / Comment

2021-07-24 12:15:09 There are 4 types of traders -

1} Who gives big SL and exits with small profit.

2} Who gives big SL and maintain big profit target.

3} Who gives small SL and maintain big profit target. He/she basically focus on win size rather than win rate.

4} Who gives small SL and maintain small profit target. He/she basically focuses on win rate rather than win size.

Many of you will think I have not included the traders who never follow SL, bcoz i think they are abnormal. Now it's your turn to reply below - according to you which trader will be profitable in the longer period of time. I'm waiting for your comments Open / Comment

2021-07-23 17:07:15 On saturday-sunday normal traders keeps waiting for monday to place first order @9:15 am

Whether Pro traders enjoys his weekend, learn something new (rather than mkt), takes rest and come back on monday with complete cool and calm mindset.

Be a Pro trader, work on your mindset. Enjoy
Have a happy weekend Open / Comment

2021-07-23 17:07:09 𝙍𝙚𝙘𝙖𝙥 𝙊𝙛 𝙏𝙝𝙚 𝘿𝙖𝙮

Today Banknifty was Up by 357.10 Points or 1.03%. We got a important closing above 35k level and a bumper opening of Zomato stock !

Just after few mins from opening, Banknifty given a sharp dip of more than 300 points. But soon everything recovered which showing the strength of buyers. Then we got a beautiful breakout which worked very well, also the 34850 buying level which i given yesterday worked and given decent profit. Open / Comment

2021-07-22 18:48:25 𝘽𝙖𝙣𝙠𝙣𝙞𝙛𝙩𝙮 𝘼𝙣𝙖𝙡𝙮𝙨𝙞𝙨 𝙛𝙤𝙧 𝙏𝙤𝙢𝙤𝙧𝙧𝙤𝙬

By looking at today's movement looks like banknifty will remain in the range of 34400-35000 for next few days. As after 2 days big fall, now can consolidate to absorb that fall. If that happened after few days we will get good range breakout trade. At same time if broken our range and sustains then mkt can convert into trending.

Zomato is all set to list tomorrow, keep an . Also keep watching Reliance. Rest Vix fallen 10% and closed below 12

Look to buy if crossing 34850. Stay light in qty, if crossed and sustained 35k then can add more qty.

Can look to sell if breaked the 34350 level.

Best of luck for Tomorrow Open / Comment

2021-07-22 18:48:21 Open / Comment

2021-07-22 14:45:21 𝙍𝙚𝙘𝙖𝙥 𝙊𝙛 𝙏𝙝𝙚 𝘿𝙖𝙮

Today Banknifty was Up by 261.85 Points or 0.76%. Nifty closed significantly up around 1.23%. Banknifty given a typical expiry day doji type movement, given rally then sudden fall and recovered little bit.

One interesting thing, today taken high around 34989 and just 11 point away from 35k round no. This happens many times and while deciding our SL and targets we need to consider round levels also. From now, try to watch action at round level traders.
I mentioned in analysis post, if opened much gap up then wait for sustain then look to buy. If anyone taken trade, he would have gained good profit. Open / Comment

2021-07-21 18:24:08 𝘽𝙖𝙣𝙠𝙣𝙞𝙛𝙩𝙮 𝘼𝙣𝙖𝙡𝙮𝙨𝙞𝙨 𝙛𝙤𝙧 𝙏𝙤𝙢𝙤𝙧𝙧𝙤𝙬

After 2 days of big fall, no need to worry tomorrow as global mkts are significantly up ! We may also open good gap up tomorrow. But if opened Gap up, for intraday traders market will again create confusion whether it is filling the gap or sustaining. Opening and first hour action will be important.

For next few days we need to focus on Reliance as the results of it coming on 23 Jul. Any action in reliance will directly affect Nifty as reliance is heavy weight stock in nifty. Banknifty will also move accordingly. Don't misunderstand, I'm saying watch the stock, Not results

Can look for buying if crossed 34575. If opened much Gap up above our level then wait for sometime, if sustained and crossed day's high then look to buy.

Can look for selling only if breaking 34350.

Best of luck for Tomorrow Open / Comment

2021-07-21 18:24:04 Open / Comment

2021-07-20 16:55:20 𝙍𝙚𝙘𝙖𝙥 𝙊𝙛 𝙏𝙝𝙚 𝘿𝙖𝙮

Today Banknifty was Down by 663.75 Points or 1.89%. Again a gap down opening and almost 2% fall. Clearly told yesterday market may fall further, our cost exit in long swing trade was perfect.

Today given two major breakdowns, both of them worked and given decent profit. In-between given a breakout which was for inviting fresh buyers and the market fallen to trap that buyers.

Tomorrow market will be closed on account of Bakri Eid. Analysis will post on tomorrow evening as usual. Comment down YES, if you want analysis of Nifty and Banknifty. Where both of them are heading and overview for the week. Open / Comment