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Bank Nifty Trading Strategy for 12th Oct'2020#banknifty Last 70 trading hours have moved 3499 points. FII:- Sell 39.39 Cr& DII 126.61 Cr buy today on 9th Oct'2020. The India VIX (volatility index) Up by 11% this week. Technically, all indicators, PA across all time frame is in plus, which is a sign of caution. The last 2 days I have been posting short, didn't work never did the short got triggered as all the shorts were below 23065 levels. The last point where the rally can be stopped is at 24,051 - 24,199, it crosses it, then 25K is on the card might be on Monday itself. Being a trader, I will always look for an opportunity for a better return than being right on my chart. For me, RRR is in favor of short as compared to long, but will short below the decision zone and will cut off my position above the decision zone, very bare min risk to trade with. I will post my chart URL which I use for intraday trading in the comment section, you are open to the URL and see my chain in realtime and can see how I use price action to trade, this will be a great learning opportunity for all of you. 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
16
Bank Nifty Trading Strategy for 9th Oct'2020Distribution Happens in 23,250 - 23,450 Zone and trader Careful Below 23,065. Last 2 weeks, 3046 point movement from 20,404 to 23,450, too fast movement without consolidation. I have got a sell signal on my trend indicator on 4-hour TF. Decision Zone is 23,394 - 23,451, below this zone will short and above will buy. Targets on lower size:- 23,063 / 22,607 / 22,247 and upside target is 24,051. The extreme downsize target is 21,928. I went back to the drawing board to figure out what went wrong with today's analysis and after that, I removed a major distraction from my analysis comparing PA with FNO data (FNO data limits your though process) and build a fresh chart altogether. 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
18
Expiry Special Analysis for 8th Oct'2020.#banknifty OI down by 1.39% and price up by +0.49 %, which indicates a neutral setup. Long positions are trapped in 22,750 -23,000 zone, any gap up will get sold off, and selling pressure will intensify below 22,700. Bold Recommendation:- Short market at higher levels with SL of 23,388. FII bought 1093.81 Cr & DII sold 1129 Cr, DII is selling for the last four days. FII is bullish & DII is bearish on the index. The overall neutral, reason we are yet to enter the uptrend channel that is running for the last 3 months and the trend will be positive above 23,388. In the last 9 trading day's we have covered 2631 points and this is too fast and the 5th wave seems to get completed between 22,890 to 23,090. We will use decision line 22,896, below negative and above positive. Long SL is 21,811. I said Yesterday "Trading stratergy:- To sell in higher range ( 22,900 - 23,100) SL 23,388 for a target of 22,800 / 22,650 / 22,400 / 22,050." and the same is applicable for tomorrow as well. I will not long on index any further, until we cross 23,388 and holds and will add to long-only above 24,000. 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.
NSE:BANKNIFTYShort
by subhagghosh
17
Bank Nifty Trading Strategy for 6th Sep'2020#banknifty OI down by -11.44% and price up by +0.56 %, which indicates short-covering. FII bought 236.71 Cr & DII sold 471.56 Cr, DII is selling for the last two days and FII buying intensity has reduced, which indicates capped upside. FII & PRO:- Index Long DII & Retail:- Index Short Overall neutral. Decision Zone 22,359- 22,506 below is bearish, and above is bullish. Long SL is 21,811. Medium Trend Reversal Level:- 23,388 I posted on Friday:-"The price is expected to reverse from PRZ 22,545 - 22,659 (Don't short blindly, until you see price action reversal signal)" Price reversed and made a low of 22,247. We seem to be on wave 5, which might have an upside target of 22,890 - 23,090. Positional Sell is only below 22,811. 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:BANKNIFTYLong
by subhagghosh
5
Bank Nifty Trading Strategy for 7th Oct'2020#banknifty OI down by +9.15% and price up by +2.16 %, which indicates long build-up. Bold Recommendation:- Short market at higher levels with SL of 23,388. FII bought 1101.76 Cr & DII sold 934.84 Cr, DII is selling for the last three days and FII buying intensity increased once again. Data Analysis:- FII unwinded long position on the index and DII & PRO shorted Index today and only retails are long in the index. Perfect trap set for retails on index long positions. The overall neutral, reason we are yet to enter the uptrend channel that is running for the last 3 months and the trend will be positive above 23,388. In the last 8 trading day's we have covered 2488 points and this is too fast and the 5th wave seems to get completed between 22,890 to 23,090. Decision Zone 22,582- 22,651 below is bearish, and above is bullish. Long SL is 21,811. I posted yesterday:- "We seem to be on wave 5, which might have an upside target of 22,890 - 23,090" and we achieved 22,890 targets today. Trading stratergy:- To sell in higher range ( 22,900 - 23,100) SL 23,388 for a target of 22,800 / 22,650 / 22,400 / 22,050. I will not long on index any further, until we cross 23,388 and holds and will add to long-only above 24,000. 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.
NSE:BANKNIFTYShort
by subhagghosh
7
Bank Nifty Trading Strategy for 5th Oct'2020#banknifty OI up by +2.90% and price up by 3.70 %, which indicates a neutral position. FII bought 1632.25 Cr & DII bought 259.46 Cr, FII has turned into buyers after a long time. FII has created fresh long position & covered up the short positions, DII has created fresh short, Retail & PRO have unwinded the long and created fresh shorts. BN Range <22,015 - 22,293.75> : Data from 12:45 PM to 3:30 PM was not great, it was short buildup, long unwinding & short covering. Decision Zone 21,580- 21,687 below is bearish, and above is bullish. Ultra Short Term Long SL 21,811 Short Term Long SL 21,128 Medium Trend Reversal Level:- 22,818 Posted yesterday:- Upside target are 21,800 / 21,950 / 22,050 / 22,250 / 22,659 , till 22,250 is completed. The price is expected to reverse from PRZ 22,545 - 22,659 (Don't short blindly, until you see price action reversal signal). Note:- No Fresh long, until BN crosses 22,818. If 22,818 holds, we will move towards 25,232 and will try to cross it. 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
8
Bank Nifty Trading Strategy for 1st Oct'2020#banknifty OI up by +0.19% and price up by 16.77 %, which indicates short positions were added today. FII sold 712.48 Cr & DII bought 409.47 Cr, FII selling pressure has reduced today. 10.00 AM Low was 21,128.50 and the high of 11.00 AM was 21,472.85,344 point rally is purely due to short covering. Again last 1 hour data is weak, only short covering and long unwinding, and any Previous Day High closure will pull short-covering IN. Decision Zone 21,580- 21,687 below is bearish, and above is bullish. Medium-term trend reversal levels:- 22,248 Short term trend reversal levels:- 21,800 Next level of short only below 21,100 only. The sharp pullback of 1406 points in the last 15 hourly bar has been adjusted in the last 2 days. The trend seems to be neutralized and we should try to buy on dips till 21,100 holds and add to calls above 21,800 and further add above 22,248. Upside target are 21,800 / 21,950 / 22,050 / 22,250 / 22,659. The momentum indicator has turned positive on the hourly time frame. 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:BANKNIFTYLong
by subhagghosh
2
Bank Nifty Trading Strategy for 30th Sep'2020#banknifty OI up by +4.07% and price down by -1.17 %, which indicates short positions were added today. FII sold 1,456.66 Cr & DII bought 576.50 Cr, FII selling pressure has intensified, which is not at looking good at all. Don't read much into the rally into the last 30 mins, as 21,320 to 21,468 from 3:00 PM to 3:30 PM, it was pure short covering. Decision Zone 21,320- 21,470 below is bearish, and above is bullish. Trend Reversal Level:- 22,248 The sharp pullback of 1406 points in the last 15 trading hours 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. I said yesterday "The up move should fizzle out by 21,800 to 22,100 zone.":- Day high was 21,811. The trading strategy is to sell on the bounce, with an SL of 22,250. Targets :- 21,280 / 21,135 /21,060 / 20,951. 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
6
BANKNIFTY FUT: 22900 INCOMINGBank Nifty Future Analysis: Showing clear signs of bullishness as per price analysis with high volume and poor bearish candle formation. Bnf futures had gone to run stops inorder to get liquidity for the upside in the coming days. This is a clear long setup and initial target of 21800 was hit. Note: This surpasses all retail logic and thinking. There was no retail indicator, trendlines or any such retail tools used for this analysis. Disclaimer - I am not a SEBI Registered Advisor. This post is purely for educational purposes only. I will not be responsible for your profit and loss. Please confirm with your investment advisor. Related Ideas: @goutham_45
NSE:BANKNIFTY1!Long
by Abrxhamtk
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