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Niftybank

#banknifty analysis for 22nd Feb #banknifty analysis for 22nd Feb Six days of consolidation, followed by one & half days of breakout and then four & half days of pullback consolidated support levels, that what I see. 35,400 - 35,600 is a very strong support belt, if holds we again move towards 37,000 to 37,900. If the support breaks, 34,000 is on cards. M patterns on harmonic are basically bullish patterns, which gives a higher probability of to price going up. Decision Zone:- 35,916 - 36,125 Upper Targets:- 36,455 / 36,724 / 36,994 / 37,377 Lower Targets: 35,584 / 35,065 / 34,807 / 34,644 / 34,484 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
10
#banknifty analysis for 17th Feb #banknifty analysis for 17th Feb BN gave breakout on Monday after 6 days of consolidation and today's was a pullback after a breakout. We need to go long on this index, pullback can be today's low or might be a bit more correction till 36,132 levels for a final target of 38.5K on the upside. Decision Zone:- 37,124 - 37,235 Upper Targets:- 37,347 / 37,506 / 37,708 / 37,966 / 38,100 / 38,219 / 38,535 Lower Targets: 36,986 / 36,735 36,477 / 36,132 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
5
#banknifty analysis for 15th Feb#banknifty analysis for 15th Feb Looks like 36,500 is tough resistance to deal with, if it fails to break we might see a 5 -8 % correction. Decision Zone:- 36,025 - 36,101, trend deciding levels 34,750 Upper Targets:- 36,271 / 36,376 / 36,450 / 36,696 / 36,943 / 37,053 / 37,209 / 37,409 Lower Targets: 35,899 / 35,620 / 35, 456 / 35,099 / 34,741 / 34,232 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
6
#banknifty analysis for 12th Feb#banknifty analysis for 12th Feb After 5 days of consolidation, you can expect a trending move on Friday, broader range 35,500 - 36,500, any side range breakout you can expect 600 to 1000 points directional moves. Decision Zone:- 35,743 - 35,796, trend deciding levels 34,750 Upper Targets:- 35,899 / 36,271 / 36,376 / 36,450 / 36,696 / 36,943 / 37,053 / 37,209 / 37,409 Lower Targets: 35,620 / 35, 456 / 35,099 / 34,741 / 34,232 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
6
#banknifty #ElliotWave analysis on monthly time frame:-#banknifty #ElliotWave analysis on monthly time frame:- Wave 1 is from 2110 to 10,774 is of 8,634 points. Wave 2 is from 10,774 to 3,314 is of 7,460 points, corrected here almost 86% of wave 1 Wave 3 is from 3,314 to 32,613 (29,299) extended 253% of wave 1 Wave 4 is from 32,613 to 16,116 (16,497) corrected almost 56% of wave 3 Move from 0-3 is 2,110-32,613 = 30,503 points "Calculation of Wave 5: To calculate expected targets of wave 5, just count total move from the start of wave 1 to end of wave 3 (i.e. total move till wave 3) and add 38% and 61% at the end of wave 4. The resulted levels will be your expected targets. Extended 5th wave can go above 70% till 200%." 61.8% of 30,503 : 18,850 , Wave 5 projection is 16,116 + 18,880 : 34,966 78.6% projection is 40 ,091 100% projection is 46,618 Note:- Fibonacci Ratio Relationship • Wave 2 is 50%, 61.8%, 76.4%, or 85.4% of wave 1 • Wave 3 is 161.8%, 200%, 261.8%, or 323.6% of wave 1 • Wave 4 is 14.6%, 23.6%, or 38.2% of wave 3 • There are three different ways to measure wave 5. First, wave 5 is inverse 123.6 – 161.8% retracement of wave 4. Second, wave 5 is equal to wave 1. Third, wave 5 is 61.8% / 78.6 % / 100% of wave 1-3 (total up-move till wave 3) Regards, SG
NSE:BANKNIFTYLong
by subhagghosh
14
#banknifty analysis for 5th Feb #banknifty analysis for 5th Feb 6 trading session 5725 point rally, it's too fast & furious rally to sustain and have to cool down. The pattern getting formed is a nonsustainable pattern and will fail (71% elevation can't be sustained) Positional short only below 34,200. Decision Zone:- 35,028 -35,160 Upper Targets:- 35,321 / 35,413 / 35,845 / 35,996 / 36,112 / 36,328 Lower Targets: 34,791 / 34,498 / 34,047 / 33,586 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
3
#banknifty analysis for 4th Feb #expiry special#banknifty analysis for 4th Feb #expiry special 5 trading session 5220 point rally, divergence on RSI & MACD crossover on the verge, but the price needs to confirm the corrective wave. It's too fast & furious rally to sustain, better to book out the profit. Positional short only below 34,050. Decision Zone:- 34,583 - 34,655 Upper Targets:- 34,791 / 35,321 / 35,997 ( 600 points gap in targets, better break the target every 300 points) Lower Targets: 34,419 / 34,047 / 33,586 / 32,842 Don't short the market, until 32,167 breaks, till then use the dip to go long. 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
#banknifty analysis for 2nd Feb#banknifty analysis for 2nd Feb Decision Line:- 32,167 Upper Targets:- 33,586 / 34,047 / 34,419 Lower Targets: 31,637 / 31,265 / 30,892 / 30,432 Don't short the market, until 32,167 breaks, till then use the dip to go long. 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. For 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
9
#banknifty analysis for 29th Jan'2021#banknifty analysis for 29th Jan'2021 Decision Zone:- 30,913 - 31,119 Upper Targets:- 31,250 / 31,637 / 32,167 Lower Targets: 30,676 / 30,439 / 30,142 #banknifty took to support and pullback is expected and trend moves to positive only above 31,680. 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. For 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
1
#banknifty analysis for 28th Jan'2021#banknifty analysis for 28th Jan'2021 Until we cross 30,900, we are into short term bearishness. Decision Zone:- 30,380 -30,625 Upper Targets:- 30,909 / 31,365 / 32,0015 Lower Targets: 30,010 / 29,889 / 29,550 / 28,977 The market is deeply oversold, look out for buying opportunities and if the price reverses from the top then only short, no point selling the oversold market. 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. For 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:BANKNIFTYLong
by subhagghosh
5
#banknifty analysis for 27th Jan'2021#banknifty analysis for 27th Jan'2021 Lower side 30,910 is a critical decision point, if the low is breached and holds for 15 mins, the up-move structure will break, and we will enter into a short term bearishness, which gives a lower target of around 29k. On the upside, if we cross, 31,930 and hold then again "all is well" Decision Zone:- 31,256 - 31,307 Upper Targets:- 31,620 / 31,738 / 31,906 / 32,392 Lower Targets: 31,120 / 30,910 / 30,640 / 30,453 / 29,804 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. For 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
1
#banknifty analysis for 25th Jan'2021#banknifty analysis for 25th Jan'2021 We have 4 trading sessions before the budget, the market will be volatile and a directional move is only expected after the budget on 1st Feb'21. The principal rule is, when you have volatility in the market, reduce your risk by reducing the position size. Decision Zone:- 31,356 -31,502 Upper Targets:- 31,620 / 31,738 / 31,906 / 32,392 Lower Targets: 31,120 / 30,910 / 30,640 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. For 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
3
22nd January Bank Nifty levels (Corrected)Buy above and Sell Below levels are given. Simple Low Risk approach: If Bank Nifty Opens, sustains (takes support from 20 ma) and goes up in the Green Zone, buy. If Bank Nifty Opens, sustains (takes support from 20 ma) and goes down in the Red Zone, sell. If Bank Nifty opens in the white zone, wait for the trend to reveal itself. Ignore everything else. This works best if the gap up isn't too much but could work regardless. Do not initiate any trades before 9:45 AM. I generally wait till 10:15 AM before even thinking about taking a trade. Riskier approach (Ignore if you like playing safe) If price opens in the Green Zone and crosses over to White, sell. If price opens in the Red Zone and crosses over to White, buy. All analysis is for educational purposes. Please consult your financial advisor before initiating a trade. Entry points: Support or rejection from 20 ma at 5 min TF. I want to publish these ideas on the 5 min TF, but somehow Trading view isn't allowing it so....
NSE:BANKNIFTY
by RameezReza
#banknifty analysis for 22nd Jan'2021#banknifty analysis for 22nd Jan'2021 We have 6 trading sessions before the budget, the market will be volatile and a directional move is only expected after the budget on 1st Feb'21. The principal rule is, when you have volatility in the market, reduce your risk by reducing the position size. Decision Line:- 32,333 Upper Targets:- 32,560 / 32,842 / 33,166 / 33,335 / 33,578 Lower Targets: 32,105 / 31,905 / 31,651 / 31,327 / 31,157 / 30,915 Read the analysis in context to a larger time frame:- Weekly Analysis:- 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. For 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
6
#banknifty analysis for 21th Jan'2021#banknifty analysis for 21th Jan'2021 We have 7 trading sessions before the budget, the market will be volatile and a directional move is only expected after the budget on 1st Feb'21. The principal rule is, when you have volatility in the market, reduce your risk by reducing the position size. Decision Zone:- 32,524 -32,434 Upper Targets:- 32,613 / 32, 742/ 32,982 Lower Targets: 32,375 / 32,200 / 31,850 Read the analysis in context to a larger time frame:- Weekly Analysis:- 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. For 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:BANKNIFTYShort
by subhagghosh
6