BANKNIFTY FUTURE CHART ANALYSIS

 

2   5   6   4   6 - looks like this can be top..... for long trades.... caution advised. 

LT - 1.5-2.0% UPMOVE EXPECTED.

 

LT - Price accumulation has seen in last session. I have updated this on twitter yesterday. Rs 10-15 upmove in expected. Follow the support line wisely as stop loss. Above is 15 minutes chart setup. 

NIFTY 26 OCTOBER 2020- No fresh long unless NIFTY goes above 12030...

 

Unless Nifty goes above 12030, do not attempt fresh long from higher levels. Trading support is at 11920-11910. 

Have a look on support lines drawn. Rest, chart is already speaking. Happy trading. 

BANKNIFTY OCTOBER INTRADAY

Draw above support line, a possible short below that line.... rest you can easily judge. 
 

BANKNIFTY 09 OCTOBER 2020

 

I have already updated yesterday on twitter about the possibility of trading top formation. Support now lies around 23060 to 23000. 

I see a possibility of 22800 nearby levels. 

BANKNIFTY INTRADAY CHART FOR 30 SEPT

 

Its just the basic of charting. A trading support at 21350 has broken which was maintained in the last trading session. It can witness trading weakness. 

A stock where I am playing short is HCL TECH, its the same where I traded long earlier. 

HDFC BANK - SEPTEMBER 2020

 

BANK NIFTY - INTRADAY CHART FOR 23 SEPT 2020

 

HDFCBANK

 For recovery, if anything looks good then HDFCBANK may be first bet.... let us see. 

21 SEPTEMBER 2020 : PREOPEN VIEW - CHARTING

 

Hello friends, in the last trading session it gave a dip. Being a technical trader, I added shorts and book good profits. 

What's now for the day?

These is no simple answer. May is expected to open soft but there are too many supports. 11300 is a crucial support which may not be violated easily. Look at the moving average on the chart.

On higher side 11600 is a resistance. I will update trading signal on twitter. 

18 September 2020 : Nifty Chart for the pre-open

 

Hello Friends, I am back after real long time, seems its more than two years. 

Let us talk about the trades and possibilities for today. It is showing a triangle kinda break down situation which may drive Nifty to fall by 1% or near by. I have not loaded myself with shorts yet but surely I am planning to consider it. 

Stop loss, execution price and target depends on market condition. Charts says Nifty may find it difficult to cross 11600. 

Your views always welcome.