Niftybank
Bank Nifty Trading Strategy for 11th Dec'2020#BankNifty Trading Strategy for 11th Dec'2020
After quite a long time, we have seen gap down opening and lower high & lower low, in terms of price action you know it's shows a sign of fatigue ( not weakness).
Today demonstrating the Fibonacci fan ratio to find support & target:-
As per the analysis posted on 6th Dec
We are in the 5th leg of the up move and as long as the swing low of 29,950 is there, bulls need not be worried off.
Decision Zone:- 30,346 - 30,447
Upside targets:- 30,586 / 30,688 / 30,752 / 30,857
Downside targets:- 30,280 / 30,160 / 30,050 / 29,050 / 29,750
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.
Expiry Special Analysis for 10th Dec'2020.#Expiry Special Analysis for 10th Dec'2020
Bearish Butterfly:- Condition Met, This reversal pattern forms in an uptrend.
XD ( 1.27 - 1.618) :- 1.483
AC (0.382 - 0.886) :- 0.772
Sell Below 2nd bar low:- 30,590 SL 30,807.25
harmonic target 1:- 62 - 79% XA 30020, 29805
harmonic target 2 :- 127-162% XA 29,532 / 29,185 / 28,744
Decision Zone:- 30,590 - 30,630
Lower Targets:- 30,320 / 30,170 / 30020 / 29532 / 29,185 / 29,045 / 28,744
I will avoid the long above decision zone for at least on expiry.
Both the harmonic targets are done on upside:-30,481 / 30,845
Weekly Range:-
Smaller Range:- 29,500 to 30,600
Larger Range:- 29,000 to 31,000
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.
Bank Nifty Trading Strategy for 9th Dec'2020#banknifty view on 9th Dec'2020
Decision Zone:- 30,174 - 30,308
Upper targets:-30,481 / 30,611 / 30,845/ 31,046
Lower Targets:- 30,050 / 29,950/ 29,844 / 29,774 / 29,615 / 29,473
Harmonic Targets:- 30,481 / 30,845
Weekly Range:-
Smaller Range:- 29,500 to 30,600
Larger Range:- 29,000 to 31,000
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.
Bank Nifty Trading Strategy for 8th Dec'2020#banknifty view on 8th Dec'2020
Decision Zone:- 30,082 - 30,148
Upper targets:-30,323 / 30,481 / 30,611 / 30,845/ 31,046
Lower Targets:- 29,950/ 29,844 / 29,774 / 29,615 / 29,473
Harmonic Targets:- 30,481 / 30,845
Weekly Range:-
Smaller Range:- 29,500 to 30,600
Larger Range:- 29,000 to 31,000
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.
Bank Nifty Trading Strategy for 7th Dec'2020#banknifty view on 7th Dec'2020.
Decison Zone:- 29,920 - 25,980
Upper targets:-30,074 / 30,323 / 30,445 / 30,611 / 31,046
Lower Targets:- 29,844 / 29,774 / 29,615 / 29,473
SL for all positional long is 28,900
Weekly Range:-
Smaller Range:- 29,500 to 30,600
Larger Range:- 29,000 to 31,000
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.
#BANKNIFTY Short Term Positional View #BANKNIFTY Short Term Positional View
View for BanknNftyfor next week and till Dec'2020:-
The analysis shows one primary trend:- Wave 4 is complete and wave 5 is in progress.
Apart from this, the chart shows two intermediate & two minor correction cycle (completed)
Wave 1 is from 20404.9 to 24,823.6 i.e 4418.7 point rally
Wave 5 probability factor:-
15% probability to wave 5 to touch 30,611 to 31,132 (32.2% to 50% )
30% probability to wave 5 to touch 31,653 to 32,413 (61.8% to 78%)
40% probability to wave 5 to touch 32,413 to 33,342 (78% to 100%)
15% probability to wave 5 to touch 33,342 to 36,072 (100% to 161.8%)
Stoploss for positional long is 29,900.
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.
Bank Nifty Trading Strategy for 4th Dec'2020#banknifty view on 4th Dec'2020.
We are having a correction wave: Triangle, Zig Zag Contracting Triangle
Decison Zone:- 29,550 - 25,608
Resistance Zone:- 29,778 - 29,851
Upper targets:-29,710 / 29,813 / 29,920 / 30,045
Support Zone:- 29,150 - 29,223
Lower Targets:- 29,290 / 29,149 / 29,950 / 28,655 / 28,236 / 27,824
SL for all positional long is 28,800
Any crack can pull BN immediately to below 28k.
Weekly Range:-
Smaller Range:- 28,900 to 30,200
Larger Range:- 28,500 to 30,700
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.
Expiry Special Analysis for 3rd Dec'2020.#banknifty #expiry view on 3rd Dec'2020.
Decison Zone:- 29,268 - 29,362
Upper targets:- 29,441/ 29,602 / 29,750 / 29,913
Lower Targets:- 29,149 / 29,950 / 28,655 / 28,236 / 27,824
SL for all positional long is 28,800
Any crack can pull BN immediately to below 28k.
Weekly Range:-
Smaller Range:- 28,900 to 30,200
Larger Range:- 28,500 to 30,700
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.
Bank Nifty Trading Strategy for 2nd Dec'2020#banknifty view for 2nd Dec'2020.
This week, the range will be as follows:-
Smaller Range:- 28,900 to 30,200
Larger Range:- 28,500 to 30,700
Decison Zone:- 29,716 - 29,666
Upper targets:- 29,925 / 30,197 / 30,544 / 30,684
Lower targets:- 29,560 / 29,410 / 29,223 / 28,923
SL for all positional long is 28,580
No positional short above 28,500 levels.
Positional short targets:- 28,000 / 26,905 / 26,128 / 25,021 / 23,612
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.
Bank Nifty Trading Strategy for 1st Dec'2020#banknifty view for 1st Dec'2020.
This week, the range will be as follows:-
Smaller Range:- 28,900 to 30,200
Larger Range:- 28,500 to 30,700
Decison Zone:- 29,227 - 29,348
Upper targets:- 29,470 / 29,560 / 29,712 / 29,880+
Lower targets:- 29,138 / 29,923 / 28,666 - 28,534
SL for all positional long is 28,580
No positional short above 28,500 levels.
Positional short targets:- 28,000 / 26,905 / 26,128 / 25,021 / 23,612
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.
Bank Nifty Trading Strategy for 27th Nov'2020#banknifty view on 27th Nov'2020.
Decision Zone:- 29,351 - 29,470
Upper targets:- 29,595 / 29,790 / 29,969 / 30,197 / 30,500
Lower Targets:- 29,250 / 29,132 / 28,994 / 28,666 - 28,534
Trend Reversal levels:- 29,520
Elliott Wave:- Wave B & Wave C is completed or Wave B is still in progress is confusion, let's see.
SL for all positional long is 28,920.
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.
BankNifty Analysis for 27 Nov 20BankNifty Analysis for 27 Nov 20
Closed the market in a high bullish state
open on the same level there can be a ranging market or a strong uptrend
opens with a gap up there can be a sudden reversal after sometime
opens gap down breaking current channel pattern the can be a retest then a major fall
Expiry Special Analysis for 26th Nov'2020.#expiry special #banknifty view on 26th Nov'2020.
Decision Zone:- 29,351 - 29,440
Upper targets:- 29,595 / 29,790 / 29,969 / 30,197
Lower Targets:- 29,250 / 29,132 / 28,994 / 28,666 - 28,534
Trend Reversal levels:- 29,520
Elliott Wave:- Wave C target 1 is done, really don't know target 2 will be achieved or not.
SL for all positional long is 28,580
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.
Bank Nifty Trading Strategy for 25th Nov'2020#banknifty view on 25th Nov'2020.
Decision Zone:- 29,720 - 29,802
Upper targets:- 29,920 / 30,105 / 30,276 / 30,515 / 30,825
Lower Targets:- 29,522 / 29,435 / 29,250 / 29,050
Trend Reversal levels:- 29,520
Elliott Wave:- Wave B is still in progress and extension seems to be in progress
Wave A:- 29,785 to 28,581
Wave B extension is in progress:- 1.318 - 1.618, 30,245 to 30,529 seems to be on the card.
SL for all positional long is 28,580
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.
Bank Nifty not able to close highBank nifty made a new intrady high of 29827 but couldn't close above the previous high on closing basis of 29749 (18th Nov).
This signifies dragging of bull run till the end of a series, distribution at higher prices.
Bank nifty unless closes above 30,030 is not not a candidate for long. Stay cautious and for existing long positions keep strict stop loss of previous day low.
Initiate new short position on in December Series towards the last hour of November series if Bank Nifty doesn't hold 30,030 levels.