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Bank Nifty Trading Strategy for 29th Sep'2020#banknifty OI up by +3.30% and price up by 3.26 %, which indicates rise was used to do close the short positions and not enough of a long position is a matter of concern. When there is only 542 Cr FII Buying & 27 Cr DII selling, which shows rally was mainly due to short getting covered and significant fresh long buildups missing. Don't read much into the rally in the second half, as 21,571 to 21,708 was the range from 2:00 PM to 3:30 PM, the data is not strong in this range and Short buildup, long unwinding and weak hand short covering was seen. Decision Zone 21,567- 21,686, below is bearish, and above is bullish. Trend Reversal Level:- 22,248 The sharp pullback of 1300 points in the last 2 days is too fast to sustain and is a typical characteristic of a bear market. For me the trend is still negative till be close above 22,248 and till that time, we should look for an opportunity to sell. The up move should fizzle out by 21,800 to 22,100 zone. The trading strategy is to sell on the bounce, with an SL of 22,448. Long can hold with SL of 21,413 Saturday What I posted:- "Trading Strategy:- During the initial part of the week, use dips to go long for pullback trades, but the ultimate trade is to open fresh positional short at higher levels for much lower targets." Again bang on, wait for the reversal sign to short to at higher levels. 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.
NSE:BANKNIFTYShort
by subhagghosh
12
Bank Nifty Trading Strategy for next week 28th Sep - 1st Oct#banknifty view for next week 28th Sep - 1st Oct On 22nd May, BN started the move from 17,105 and took 101 days to reach 25,232 on 31st Aug, an up move of 8115 points. From 31st Aug to 24th Sep, BN corrected by 4827 points (corrected more than 61.8%) in a matter of 25 days. Banknifty has broken the uptrend channel around 21,750 levels and also broke the last major support of 21,000 during this fall. All the momentum oscillators have gone into the oversold regions and today's bounce was more in line as expected. During this fall, it has completed two downsize targets of 21,047 & 20,468, and the rest of the downside targets are still open 20,061 / 19,654 / 19,151 / 18,338. Their needs to have some time or price correction to happen before the next round of fall, the upside extends up to 21,400 / 21,600 / 21,750 and can even extend up to 22,127. The trend remains bearish and trend reversal starts only above 22,200 levels. Trading Strategy:- During the initial part of the week, use dips to go long for pullback trades, but the ultimate trade is to open fresh positional short at higher levels for much lower targets. 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.
NSE:BANKNIFTY
by subhagghosh
6
Bank Nifty Trading Strategy for 25th Sep'2020I see blood everywhere, levels on downside:- 19,507-19,598 & 18,066 - 17,949 Last two hours was heavy long unwinding, which shows much larger pain ahead. Decision Zone:- 20,674 - 20,732 Trend will remain bearish until be crossed 21,750. Medium term positional trades SL got Tiggred in the range of 20,674 to 20,732 and which opened the flood gate on downsize. We have broken 3 month of uptrend channel and next line of support is only at 19,500. Yesterday I posted:-"Cracks are visible in the index, if we don't get a bounce in the next couple of days, we might slip big very fast. Question IS:-" Did we take support from the strong support zone? ", it will only get answered in the next few days." As told, market tanked and trend is super bearish now, with much bigger levels on downsize. Understand, it's not easy to make money in the market, people who have invested in Mar'20 have doubled their money, generally takes 4 to 5 years to double the capital invested, so no free lunch, market has to correct. The chart is all read and looking at % of red or green color you can read the market sentiment. 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.
NSE:BANKNIFTYShort
by subhagghosh
2
Expiry Special Analysis for 24th Sep'2020.#banknifty OI down by -2.14% and price down up 0.19 %, which indicates fall was used to do close the short positions. Cracks are visible in the index, if we don't get a bounce in the next couple of days, we might slip big very fast. Question IS:-" Did we take support from the strong support zone? ", it will only get answered in the next few days. Don't read much into the last 45 mins pullback, as these were short covering, which pulled up the index a bit. The uptrend channel which started on 16th June (19,507), the price got closed below in the channel 6th time, which again is not a bad sign. And in the last 3 weeks, we are closing in red on weekly basis, which is again a very bad sign. Decision Zone 21,045 - 21,199, below is bearish, and above is bullish. If 20,630 - 20,732 zone breaks, then the lower target is 19,507 & 18,540. What I see in the market on expiry day, is a dead cat bounce, which might take the market to 21,450, extended to max 21,730. 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.
NSE:BANKNIFTY
by subhagghosh
4
Bank Nifty Trading Strategy for 22nd Sep'2020#banknfity OI up by 19.22% and price down up -3.02 %, which indicates a huge short build Up. I posted on Saturday: "There is a structural breakdown in the chart, which I was highlighting continuously until price move back to the structure, more pain is ahead" This structure further deteriorated. The uptrend channel which started on 16th June (19,507), the price got closed below in the channel 4th time in a couple of days, which again is not a bad sign. And in the last 3 weeks, we are closing in red on weekly basis, which is again a very bad sign. Decision Zone 21,486 - 21,630, below is bearish, and above is bullish. #banknifty is near a very strong support zone of 21,026 - 21,230 and the last round of support is 20,732. If 20,732 breaks, then the lower target is 19,507 & 18,540. 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.
NSE:BANKNIFTYShort
by subhagghosh
5
Bank Nifty Trading Strategy for 23rd Sep'2020#banknifty OI up by 9.78% and price down up -1.07 %, which indicates further short build Up. Cracks are visible in the index, if we don't get a bounce in the next couple of days, we might slip big very fast. Question IS:-" Did we take support from the strong support zone? ", it will only get answered in the next few days. Don't read much into the last 45 mins pullback, as these were short covering, which pulled up the index a bit. The uptrend channel which started on 16th June (19,507), the price got closed below in the channel 5th time, which again is not a bad sign. And in the last 3 weeks, we are closing in red on weekly basis, which is again a very bad sign. Decision Zone 21,139 - 21,228, below is bearish, and above is bullish. #banknifty is near a very strong support zone of 21,026 - 21,230 and the last round of support is 20,732. If 20,732 breaks, then the lower target is 19,507 & 18,540. 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.
NSE:BANKNIFTY
by subhagghosh
5
BN Upcoming week.BN in zone where it can make or break. it hold 22000K level. despite sudden fall on Friday it re acclaimed 22K level and close above that. big players don't want it close below 22000 level so definitely some big movement we can expect and they don't want retail to be part of that. SL hunting game will start soon. keep eye on VIX if increase then be ready for wild move. so be ready for Move may be up or down. this month is very crucial. lets see where BN closes. BULLISH only 22750 BEARISH only 21900 ON CLOSING BASIS. so just wait and watch and take small intraday trades with cautious. SL is must.
NSE:BANKNIFTY
by Daulat-Trade
Expiry Special Analysis for 17th Sep'2020.#banknfity OI up by 10.68% and price down up +0.48%, which indicates a neutral setup. The last 1 hour data is not good, the 22,600 -22,650 zone was used for long unwinding, which suggests a clear supply zone here. The uptrend channel which started on 16th June (19,507), the price got closed the second day in a row inside the channel and we made lower low and higher high, which is a good sign ann 22,000 -22,050 will be a strong support zone going further. The broader range that is coming down is 22,050 to 22,650. The decisive move will be outside this zone. What I posted yesterday:- Trading Strategy:- I will go into trading with a neutral mindset and will take a position based on the current setup of the market. I will be bearish if 22,050 breaks for a target of 21,850 / 21,600 /21,300:- Not triggered I will be bullish above 22,465 for a target of 22,550 / 22,750 / 22,850 / 23,150 :- Tiggred and we made high od 22,659. Decision Zone 22,435 - 22,514, below is bearish, and above is bullish and the above post remains valid for Thursday's trading. 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.
NSE:BANKNIFTY
by subhagghosh
5
Bank Nifty Trading Strategy for 16th Sep'2020#banknfity OI up by 4.97% and price down up +0.44%, which indicates a neutral setup. BN closed exactly on our decision point of 22,465. People will be interested to know, what happened from 2:30 PM to 3:30 PM, huge spike on the upside, again this was short covering in the expected line. The uptrend channel which started on 16th June (19,507), the price is pulled back just inside the channel. And we respected yesterday's low, which is a good sign and going further 22,000 -22,050 will be a strong support zone. I won't be trading shorts until I get a breakdown below 22,000 - 22,050. Trading Strategy:- I will go into trading with a neutral mindset and will take a position based on the current setup of the market. I will be bearish if 22,050 breaks for a target of 21,850 / 21,600 /21,300. I will be bullish above 22,465 for a target of 22,550 / 22,750 / 22,850 / 23,150. Trend deciding levels are 22,465, below is bearish, and above is bullish. 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.
NSE:BANKNIFTY
by subhagghosh
4
Bank Nifty Trading Strategy for 15th Sep'2020#banknfity OI up by 24.03% and price down by -1.68%, which indicates shorts were build up today in the index. Contra to popular move in the last few days, the last 30 min didn't show short covering but long unwinding, which is bad for the market. The uptrend channel which started on 16th June (19,507), first-time for the last 3 months, we have given a closed below this channel, which is a very bearish signal. Further weakness will crip in below, 21,850, and can result in panic selling for a target of 21,300. Trading Strategy:- I will go into trading with a neutral mindset and will take a position based on the current setup of the market. I will be bearish if 22,050 breaks for a target of 21,850 / 21,600 /21,300. I will be bullish above 22,400 for a target of 22,550 / 22,750 / 22,850 / 23,150. Trend deciding levels are 22,465, below is bearish, and above is bullish. 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.
NSE:BANKNIFTYShort
by subhagghosh
Bank Nifty Trading Strategy for 14th Sep'2020#banknifty Weekly view:- #banknifty is in the rising channel and we are constantly taking support from lover end of channel 22,050 - 22,200. Spending time at the lower end of the channel for the last 3 days is not a very sign for bulls. If the previous swing low of 21,886 is broken, then the last swing low of 21,403 will be challenged followed by 21,000 levels. If somehow 21,000 levels get broken, you won't get much time to pull out, and downsize target is 18.540. The all the analyses will be null and void if BN crosses, 23,560. Trade what you see, not what is felt, trading is all about making money and nothing else. happy weekend, enjoy your time with family & friends, and stay safe.
NSE:BANKNIFTY
by subhagghosh
16
Bank Nifty Trading Strategy for 11th Sep'2020#banknifty OI up by 5.68 % and price up by +0.89 % shows a neutral position. Again, the last 60 min move is a pure short covering, so we should not read much into the price action as a reversal. #banknifty is seating in strong support zone 22,011 - 22,213 and we managed to hold it. #banknifty is the uptrend channel, trade the channel, lower end of the channel is around 22150 and we managed to closed just above the channel. The next hurdle on the upside is 22,865, which if crossed can see rally till 25k once again. Decision Zone 22,554 - 22,641 We won't short now, as our downside target is done, fresh shorting will be below 21,886. If 21,886 is breached, we will see 21,350 - 21,400 and followed by 21,050. What we said yesterday:-"Trading Strategy:- Buy in dips till 21,886 holds for a target of 22,440 / 22,640 / 22,865", the first 2 targets were achieved. Stratergy for tomorrow:- Won't use dip to buy now, will use bounce to sell with SL of 22,865, for a target of 22,220 / 22,050 / 21,886 / 21,400. Trade what you see not what you feel, trading is all about making money nothing else.
NSE:BANKNIFTYShort
by subhagghosh
9
Expiry Special Analysis for 10th Sep'2020.#banknifty OI up by 8.93% and price down by -2.10 % show short buildups. The last 30 min move is a pure short covering, so we should not read much into the price action as a reversal. #banknifty is seating in strong support zone 22,011 - 22,213 and we managed to hold it. #banknifty is the uptrend channel, trade the channel, lower end of the channel is around 22150 and we managed to closed just above the channel. The next hurdle on the upside is 22,865, which if crossed can see rally till 25k once again. Decision Zone 22,554 - 22,641 We won't short now, as our downside target is done, fresh shorting will be below 21,886. If 21,886 is breached, we will see 21,350 - 21,400 and followed by 21,050. Trading Stratergy:- Buy in dips till 21,886 holds for a target of 22,440 / 22,640 / 22,865. Trade what you see not what you feel, trading is all about making money nothing else.
NSE:BANKNIFTYLong
by subhagghosh
7