Just Here Nifty Banknifty

2021-07-15 17:31:59 Open / Comment

2021-07-15 13:55:11 𝙍𝙚𝙘𝙖𝙥 𝙊𝙛 𝙏𝙝𝙚 𝘿𝙖𝙮

Today Banknifty was Up by 239.40 Points or 0.67%. Not much negative impact of Mastercard ban news.

Given a good breakout from 35800 at morning but it was quite fast. The same was our buying level after that given rally of about 185 points. Taken rejection from 36k and nifty also not able to touch 16k round no. Today also we can say expiry favourable for option sellers ! Open / Comment

2021-07-14 18:22:27 𝘽𝙖𝙣𝙠𝙣𝙞𝙛𝙩𝙮 𝘼𝙣𝙖𝙡𝙮𝙨𝙞𝙨 𝙛𝙤𝙧 𝙏𝙤𝙢𝙤𝙧𝙧𝙤𝙬

Banknifty is in now much interesting stage. Evergreen breakout level 35800 is still needs to be watched tomorrow. Around resistance level it made a channel pattern and given a breakdown, let's assume tomorrow we gets a gap up opening then this sellers will be trapped and also breakout will happen so it can results mkt move further high. Or If this channel pattern breakdown is genuine then it can smoothly fall back to 35200-35000.

Tomorrow is weekly expiry and vix is also too low. If we gets a trending move either side then premiums will spike up and we can get good profit.

Look for buying once it crossed 35800 breakout level.

Look for selling if breaked 35435. Can sell normal qty but with small SL.

Best of luck for Tomorrow Open / Comment

2021-07-14 18:22:23 Open / Comment

2021-07-14 13:50:08 𝙍𝙚𝙘𝙖𝙥 𝙊𝙛 𝙏𝙝𝙚 𝘿𝙖𝙮

Today Banknifty was down by 5.15 or 0.01%. Opened gap down, given good rally in intraday then profit booking comes and banknifty closed almost same level where it closed yesterday.

Our buying or selling both levels not triggered and banknifty just stayed in between. Created a doji candle in daily chart to confuse traders as banknifty now near breakout level. Open / Comment

2021-07-13 18:15:58 𝘽𝙖𝙣𝙠𝙣𝙞𝙛𝙩𝙮 𝘼𝙣𝙖𝙡𝙮𝙨𝙞𝙨 𝙛𝙤𝙧 𝙏𝙤𝙢𝙤𝙧𝙧𝙤𝙬

Today was a one sided good rally but due to low Vix it was just around 300 points only. Now 35800 is already 3 times touched, so probability of breaking it is high. Tomorrow you need to watch action at that level carefully. Breaking that resistance level can results market move further higher !

You can look to buy as soon as it crosses 35800.

Sell half qty only if breaked 35280. Reason for half qty is mentioned in above image.

Best of luck for Tomorrow Open / Comment

2021-07-13 18:15:54 Open / Comment

2021-07-13 14:35:36 As I posted Recap of the day today, I'm planning to continue it daily. Will explain our analysis worked or not with reasons and many more learning according to movement given. Traders do vote "YES" below if you want i should continue it daily
anonymous poll

Yes do Continue – 42
91%

No – 4
9%

46 people voted so far. Open / Comment

2021-07-13 14:33:02 𝙍𝙚𝙘𝙖𝙥 𝙊𝙛 𝙏𝙝𝙚 𝘿𝙖𝙮

Today Banknifty was Up by 474.50 Points or 1.35%. Good trending mkt upside !!

Opened small Gap up exactly around our buying level of 35400, halted some time in small 70 points range then after that range breakout given one sided rally of around 300 points. Then respected the resistance levels and taken a small rejection from it. Open / Comment

2021-07-12 17:21:22 Today Banknifty was Up by 126.95 Points or 0.36%. Yes, closed in same range which i given at morning. HDFC Bank was significantly down by around 1%.

Let's analyse for Tomorrow,
Banknifty is now at interesting stage. 35000 support is multiple times tested we need to see if banknifty holds it or breaks it. Immediate buying we can do only if crossing last swing of 35400.

Let it cross 35400 first, then only can look for buying.

Can look to sell if any 5min candle closed below 35000. Don't miss to read reasons in above image

𝐁𝐞𝐬𝐭 𝐨𝐟 𝐥𝐮𝐜𝐤 𝐟𝐨𝐫 𝐓𝐨𝐦𝐨𝐫𝐫𝐨𝐰 Open / Comment