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NIFTY-NSE

#banknifty analysis for 2nd July'2021#banknifty analysis for 2nd July'2021 Price has closed below 20 DMA (34,968) after a long time and 100 DMA is 34,337 is the next support line. 1. Fresh longs only above 35,000. 2. 34,350 areas should work as support. 3. Any violation of swing low of 33,908 might force liquidation of long positions, which gives a target of 31,00 on downsize. 4. Index is moving in zig-zag fashion triggering SL on both sides and it's has become really tough for traders to trade. Decision Line: - 34,906 (above +ve & below -ve) Decision Points :- Important reaction points, which price reacting to movements are 34,357 / 34,653 / 34,874/ 35,095 / 35,410 / 35,647 / 35,810 E.g. One of the important DP is the weekly low, if the weekly low is broken, then only you will short else you won't. John Maynard Keynes said, “the markets can remain irrational longer than you can remain solvent.” So be cautious and flexible as market conditions evolve. Always trade what you see, never trade what you feel. Make this a habit, you won't be requiring any seminar, webinar, or mentor, you will be self-sufficient. Regards, SG #elliottwave #nse # nifty #banknifty
NSE:BANKNIFTY
by subhagghosh
1
#banknifty analysis for 30th June'2021#banknifty analysis for 30th June'2021 Decision Line: - 35,045 (above +ve & below -ve) Decision Points :- Important reaction points, which price reacting to movements are 34,653 / 34,874/ 35,095 / 35,410 / 35,647 / 35,810 E.g. One of the important DP is the weekly low, if the weekly low is broken, then only you will short else you won't. John Maynard Keynes said, “the markets can remain irrational longer than you can remain solvent.” So be cautious and flexible as market conditions evolve. Always trade what you see, never trade what you feel. Make this a habit, you won't be requiring any seminar, webinar, or mentor, you will be self-sufficient. Regards, SG #elliottwave #nse # nifty #banknifty
NSE:BANKNIFTY
by subhagghosh
BANKNIFTY FUTURE OUTLOOKWell as we can see in the chart banknifty has created an uptrend channel in the smaller timeframe. Banknifty recently went past its major 34300 resistance and broke its major 1D trendline. After that we've seen it in a slow but trending uptrend. According to my count banknifty still has space until 36100-200 (minor 5th and major 3rd) assuming there are no extensions. One can take advantage of this for intraday trading. For positional long set-ups wait for banknifty to complete its major 4th wave around 35000 (0.382 fib) or 34700 (0.5 fib). From there I see banknifty somewhere around 36900-37000 (.618 fib of inverse wave 3 and 4) to complete it 5th Major wave of the smaller time frame.
NSE:BANKNIFTY
by Sahursh25
#banknifty analysis for 26th April:-#banknifty analysis for 26th April:- Decision Zone:- 31,366 - 31,565 Resistance Zone:- 32,325 - 32,560 Support Zone :- 30,405 - 30,555 Big panic fall is only below 30,400 & panic buy above 32,560 The short-term trend is still negative & the trend doesn't change until we get a weekly closing above 32,325 levels. How to trade? Play the range of (Resistance Zone:- 32,325 - 32,560) to (Support Zone :- 30,405 - 30,555), anyside breakout, go either long or short for min 1000 points directional move. One of the best forms of PA action is not to predict but to act on the price, chart tells you where, when & how to act on price. Wait for the decision points on the chart to act else don't trade. E.g. One of the important DP is the weekly low, if the weekly low is broken, then only you will short else you won't. John Maynard Keynes said, “the markets can remain irrational longer than you can remain solvent.” So be cautious and flexible as market conditions evolve. Always trade what you see, never trade what you feel. Make this a habit, you won't be requiring any seminar, webinar, or mentor, you will be self-sufficient. Regards, SG
NSE:BANKNIFTY
by subhagghosh
2
Nifty analysis with Time Speculation Daily TimeFrame (Shorting)Hi ac we can see there are regular Bearish Divergence with MACD Lines and Histograms which is the sign of trend reversal and price correction... the index was bullish from march 2020 as the corona pandemic made a huge fall in the economy so post pandemic we can see the market had a bullish return to its past trend and even made new ATH, so to me we are now at the Overbought zone and soon we should face some correction and retracements. the Fibonacci golden areas can be used as some safe and rational TP targets and clubbing it with MACD will give us better vision of the market status. I have speculated some dates with Higher Lows data by Fibonacci Time Base tools, which we may see the TP zones but these dates are at most and the Specified TPs can occurs at any given time before these dates even... please refer to the Snapshot analysis for the prices and specified time in the link below and it helps us to see the Idea grows as the time passes... please comment your opinions about this idea
NSE:NIFTYShort
by BitonGroup