gourabvarma

gourabvarma

Ideally if you see the trend it is making a bearish breakdown, so only a gapup opening can save Banknifty, else I am clearly viewing Banknifty towards 49700!!

gourabvarma

Banknifty will tomorrow probably show some downwards movement as it looks like, banknifty is trying to retest the levels below before an upward move, if banknifty turns out to be bullish tomorrow then things will get better soon. But tomorrow will be a day with one sided movement, either up or down, no inbetween hope last day analysis helped you, and you...

gourabvarma

The chart says everything. Currently it is telling that 52937 is the next possible target. I am also shocked with this analysis as you are, trust me :| and you know that my analysis is quite accurate, although I don't know anything about trading :)

gourabvarma

Next consolidation phase of banknifty can be from 52200 to 51700. its a big range for expiry but if you play wise then only you can make money. Some madness is on the way, firstly trapping may happen with false breakouts. But if breakout sustains, then enter the trade with control in quantity. Plan only 2 trades for the day that will be my suggestion

gourabvarma

Is it a flag and pole pattern in Banknifty with next target of 53000? What do you think? this week banknifty will make a big move upwards?

gourabvarma

Although last week Banknifty have shown some positivity but the weakness on Thursday confirms that this was just a trap by operators, it wasn't a profit booking as it was very deep indeed. So, bearish sentiments cont inue and my verge is you sould look for sell on rise rather buy the dip. the trend line below have given multiple supports hence there is a huge...

gourabvarma

As of now it looks like Banknifty have given breakout to its inverted head and shoulder pattern, and now next target can be 53200 but when? Monday? or Diwali dhamaka? on 31st? Trade safely. Happy dipawali

gourabvarma

Can we see 52,800 eventually on BankNifty? What do you think after today's bullish move? Which was dot to dot predicted by me yesterday :D Have you missed the analysis done yesterday? Although tomorrow it might remain sideways because of expiry, which is usually done by operators to profit on your theta value so trade with precaution

gourabvarma

Tomorrow expecting a bullish momentum towards 51,800 and eventually 52,200 will be the next target. Morning will be very volatile, try to maintain position sizing

gourabvarma

Banknifty is showing the "W" pattern with a breakout on Friday which can lead to a short term bullish trend till 51,150 and if reverses from there then you can capture move upto atleast 50,400 if fails to sustain then eventually it can show levels of 49,800. Hope past analysis helped all

gourabvarma

Tomorrow expecting a sideways market with upwoord momentum and next we can see levels like 50,200 giving us some support. Recent it can be a channel breakdown as it has given us support almost 3 times so we can expect upcoming moves upto the channel height. Hope previous analysis helped you Levels to mark: 50,200 will act as next support Rejection will be at...

gourabvarma

As per my analysis today I think BankNifty will test 51550 before continuing the bullish momentum as the RSI is overbought. So in case of flat I will wait for a dip to buy or in case of gapup I will wait for reversal around 52,800 which may bring us to retest the recent high and 52000 levels. But next few days will be much volatile so don't trade based on guesses...

gourabvarma

As mentioned in previous analysis, banknifty might show some correction before continuing the bullish momentum. So I hope nobody was trapped today, as the market was fully sideways, now tomorrow will be a volatile day, a downside move followed by breakout above 54200. For levels check the chart or previous analysis.

gourabvarma

Banknifty is in Bullish mood but whoever knows SMC trading might know some PoI is pending just around 53400 and I am not in any mood to fight with market and get into any bearish trade without following any stop losses. If banknifty touches the 53,400 mark then I will wait for confirmation with double bottom pattern which should must show higher high higher lows...

gourabvarma

Today the market was too volatile. Now it seems that BankNifty is not ready to giveup. So second half tomorrow will be an interesting thing to watch. I think there will be a bullish shift. What are your views?

gourabvarma

Although there were millions reasons for market to crash but it seemed to sustain in upper levels. So at this moment market is highly managed and every dip seems to be a buy opportunity. Being bearish this time can be harsh to your capital. let it reach 53,500 or enter bearish trades with double confirmation.

gourabvarma

For tomorrow I am planning bullish but only after 2:00 PM I will get into any trade as there is a high volatility and India VIX will be on higher side. So, enter with precautions. Happy trading

gourabvarma

The market had been trendy for last few weeks and now we are into correction, so I am expecting a correction upto atleast 47000 or 48000. Let's see how it goes, trade with caution because India Vix is high and it can cause a lot of decay, so try to scalp not to hold trades for long. Levels to watch: 51,700