Just Here Nifty Banknifty

2021-07-12 17:21:02 Open / Comment

2021-07-12 08:49:00 As of now looks like banknifty is in sideways mood in the range of 34975 to 35400

But if we crossed day's high of 35393 then we may see trending mkt upside Open / Comment

2021-07-11 17:45:21 On Friday Banknifty was down by 202.15 Points or 0.57%. A halt market exactly as we discussed in analysis post.

Let's analyse for Tomorrow,
Banknifty created a beautiful range. Tomorrow it will give rally or continue the short term downside trend ?? Tomorrow opening price may tell us but only if we are ready to absorb it, otherwise people starts gambling right from 9.15

Can look for buying once crossed 35200 important level.

Look for selling if breaking 34860. Again 35650 - 35550 are support levels so you can expect that as your targets.

Best of Luck for Tomorrow Open / Comment

2021-07-11 17:45:16 *Banknifty analysis for 12 July Open / Comment

2021-07-08 16:42:28 Today Banknifty was Down by 497.20 Points or 1.39%. In uptrend this types of fall are common to kick out emotional buyers !!

Let's analyse for Tomorrow,
After a stiff fall you need to do buying very carefully tomm. Usually if market has to rally, it will halt tomorrow in small range and day after tomorrow it can continue upside but V shape recovery tomorrow itself is rare. Trend reversal we can only say if banknifty gives closing below 35k important level. Rest Vix is finally rallied 11% and closed above 13.5 which is good thing for option buyers.

Can buy small qty if crossing 35340. Why small qty ?? Reason clearly mentioned in above picture.

Can look to sell after breaking 35130.

𝐁𝐞𝐬𝐭 𝐨𝐟 𝐥𝐮𝐜𝐤 𝐟𝐨𝐫 𝐓𝐨𝐦𝐨𝐫𝐫𝐨𝐰 Open / Comment

2021-07-08 16:42:24 Open / Comment

2021-07-07 19:02:08 Today Banknifty was Up 192.15 or 0.54%. A sideways market after a rally yesterday.

Let's analyse for Tomorrow,
Today banknifty halted around resistance level which is a good sign for buyers. Higher it will halt at top levels, high probability of a breakout and good rally. Tomorrow is a weekly expiry and range breakout needs for a trending market either side. As premiums are too low due to low Vix, but if market given trending move then premiums will spike up and can good profit to option buyers.

Can look for buying above recent swing 35800.

Look for sell only if breaks and sustains below 35380. Same selling level which we decided yesterday.

Best of luck for Tomorrow Open / Comment

2021-07-07 19:02:04 Open / Comment

2021-07-06 17:51:07 Today Banknifty was Up by 367.15 Points or 1.04%. A good enough rally despite low vix.

Let's analyse for Tomorrow,
Rally continue or halt this is much important we need to see by how price is moving after tomorrow's opening. Today taken rejection exactly from the previous time resistance of 35800. If this level crosses tomorrow we may see another good rally !

Can look for buying above 35500 and if crossed 35800 then also its good buying opportunity.

Look for selling only below 35380. Waiting for 5min candle closed below 35380 can be beneficial.

𝐁𝐞𝐬𝐭 𝐨𝐟 𝐥𝐮𝐜𝐤 𝐟𝐨𝐫 𝐓𝐨𝐦𝐨𝐫𝐫𝐨𝐰 Open / Comment

2021-07-06 17:51:01 Open / Comment