Just Here Nifty Banknifty

2021-07-19 17:35:05 𝘽𝙖𝙣𝙠𝙣𝙞𝙛𝙩𝙮 𝘼𝙣𝙖𝙡𝙮𝙨𝙞𝙨 𝙛𝙤𝙧 𝙏𝙤𝙢𝙤𝙧𝙧𝙤𝙬

After a good fall, we need to trade carefully tomorrow. In daily chart we got a breakdown from trendline and today it made a doji type candle (Posted daily chart in comments below). Looks like we are getting more fall, but don't predict anything from now. Let banknifty confirm by breaking the recent swing then we can take selling trade.

Safe traders first wait to cross and sustain above 35350, then can look for buying. Aggressive traders can buy as soon as it crossed 35130.

Look for selling if breaked 34900 level. Trailing SL will be the good strategy to maximize profit if mkt giving big movement again in selling side.

Best of luck for Tomorrow Open / Comment

2021-07-19 17:35:01 Open / Comment

2021-07-19 13:58:07 𝙍𝙚𝙘𝙖𝙥 𝙊𝙛 𝙏𝙝𝙚 𝘿𝙖𝙮

Today Banknifty was down by 672.60 Points or 1.88%. A breakout failure, but we didn't got much movement in intraday, Positional players rocked. Our swing trade trailing SL hitted around cost, due to Gap down our 200 points locked profit we not able to book

After today's opening, it made a rising wedge. After breakdown from it we got a good fall. Breaked 35k round level to invite fresh sellers, then taken support around 34900 as it was support on bigger timeframe. Made a double bottom and recovered a bit to close above 35k. Open / Comment

2021-07-18 18:19:51 Thank you for the immersive response traders

Just a friendly reminder - Today is last day for 699 offer Open / Comment

2021-07-18 18:12:58 𝘽𝙖𝙣𝙠𝙣𝙞𝙛𝙩𝙮 𝘼𝙣𝙖𝙡𝙮𝙨𝙞𝙨 𝙛𝙤𝙧 𝙏𝙤𝙢𝙤𝙧𝙧𝙤𝙬

Again banknifty is at a important make or break trend deciding level. After 35800 level breakout, we can consider this fall as a Re-test of that breakout. If mkt bounces from here, we can see good rally in next few days. But if continue to fall then it will be a breakout failure and can results a good fall as buyers will be trapped.

Any action in Hdfc bank due to results will directly affect banknifty, so need to watch it tomorrow. Rest Vix continue to fall and on friday closed below 12.

Can look for buying if we cross 35850 level.

Can look for selling if breaking 35600. As per global mkt, it may open gap down tomorrow. If opened too big Gap down, then see how first 5 or 15mins candle is forming, then trade accordingly. Don't short directly...

Best of luck for Tomorrow Open / Comment

2021-07-18 18:12:54 Open / Comment

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2021-07-16 14:06:54 𝙍𝙚𝙘𝙖𝙥 𝙊𝙛 𝙏𝙝𝙚 𝘿𝙖𝙮

Today Banknifty was Down by 155.85 Points or 0.43%. A sideways day again, followed the same channel pattern.

Today mkt just opened at our buying level of 35950. Immediately formed strong red candle in 1 min and then 5 min also. I hope everyone avoided buying there by looking that strong red candle. Rest today not much trading opportunities we got. In the bigger timeframe, mkt looking still bullish and today's fall we can consider as Re-test of breakout. Wait for the analysis for the clear picture, will post it on sunday

Till then enjoy your Weekend Open / Comment

2021-07-16 09:28:01 Now it's time to trail SL tightly of our swing trade in banknifty which we taken on 30 June. As it already given 35800 breakout, by mistake if this breakout fails we need to exit quickly.

So we will now trail SL at 35330. Around 200 point profit we locked, now hold risk free for our target Open / Comment

2021-07-15 17:32:08 𝘽𝙖𝙣𝙠𝙣𝙞𝙛𝙩𝙮 𝘼𝙣𝙖𝙡𝙮𝙨𝙞𝙨 𝙛𝙤𝙧 𝙏𝙤𝙢𝙤𝙧𝙧𝙤𝙬

Finally we crossed 35800 level and got a closing above it. What's next, now the opening of tomorrow is important and flat or small gap up opening will be best for buying momentum. But if opened gap down then can fall further as the buyers will be trapped and as a intraday trader we can get good selling trade.

Can look for buying as soon as it crossed 35950.

Can look for selling only if breaked 35600 level.

Let's hope for closing of tomorrow above of 16k in Nifty 36k in banknifty
Best of Luck for Tomorrow Open / Comment