BANK NIFTY - as I see it

[pratapvb]

now looking for uptrend resumption above 12517.....shorts maybe there only below 12460....so booked out now

 

[pratapvb]

not resuming the trend above +1SD2day (violet lower pane) has created the potential for pb to 2dayvwap (currently at 12340)...but for down move needs to go below 12460-50. hope it does not do the correction to 2dayvwap as sideways

 

[pratapvb]

could not resume trend over 12517 and so possibly going down....but expecting it to be slugglish till 12460 until support breaks....or else could go sideways

 

[pratapvb]

12466-12503 potential sideways now before it decides which way to go

 

[pratapvb]

below orange says short...above turquoise says long....so ding dong until zone clears

 

[pratapvb]

intraday filter that I use is 0.05%

so in NF at 6000 it will be 3

with BNF at 12000 it will be 6

 

[pratapvb]

12466-12503 potential sideways now before it decides which way to go

ding dong in this range continues...nothing to do.... :fatigue:

 

[pratapvb]

12460 gone....now if 12444 (VAH2) / 12438 (60-13 high) goes can move down

1st target being around 12380-90

 

[pratapvb]

VAH 12460 BD failed...resulting in quick move up...but resistance came in at +1SD levels

 

[pratapvb]

12488 break will now be a break after a double top...so could move down if breaks

15-13 low 12472
-1SD 12470
VAH 12460

caution areas if goes down