BankNifty

Nish

Well-Known Member
After trolling around 38150 , BN went high upto 38400 plus !

Though got some points in the montly CE trade, but it was not enough for the day's hard work !

Not carrying any position , Fresh trade tommorw.

BN closed around 39000 ! Dont know if BN will re-visit to the gap around 38500 or a Gap-up tomorow !
 

Nish

Well-Known Member
BN cp=38700.

At last got good BN short trade!
The moment BN broke STrend lvl 38950 on 60m chart, 38590 came very fast !

Due to weekend, done for today !

Next trade on Monday !
 

Nish

Well-Known Member
BN cp=38789.

For my trading, I consider:

UBBand 39269
MBB 38196
LBB 37123

20EMA 38010 , so sup is 38010 and resi is 39269 - abv which BN may come into buying zone towards 39500 to 39700 zone !

RSI is 60 on daily chart , so positivity still persit , but hrly chart show start of dntrend below 38600 towards 38400 to 38150 !

All in all , confusin signal , so better be wait and watchfull till upper or lower range break-out !

View strictly for STUDY PURPOSE !
 

Nish

Well-Known Member
BN cp=38300

Once the 38600 support broke , it was an easy SHORT trade , towards 38400 and 38260 ( few pts to near 38150 ) :)
 

Nish

Well-Known Member
N cp=17270

For my own trading , for a change :

Hoping for a sharp bounce in N.

May consider a LONG position for next few days !

View strictly for STUDY PURPOSE !
 

Nish

Well-Known Member
For coming few days, BN view for my own trading:

Abv 38165 , 38290 and 38560 posible.

Below 37800, 37400 and 37100 posible.

N is showing more interesting pattern for trading.
View for my own trading is shown on ATTACHED CHART with comments.

View strictly for STUDY PURPOSE !
 

Attachments

Nish

Well-Known Member
BN cp=38970.

N =17563

All the targets achieved in N and BN - more than anticipated . Booked ! :)

But now it would be nice , if N retrace back towards 17300 +/- in next 2 ays, before going up again for a MORE sustainable rally ! Volatility is a risk !


Next trade in N and BN after ward - after some cool-off in euphoria !!

View strictly for STUDY PURPOSE !
 

Nish

Well-Known Member
BN cp=38720.

N cp=
17409.

As anticipated, N nose-dived lower from ydays level. May be more to go.

For my own trading, I may consider Hero-or-Zero type trade in deep OTM N 10Mar 16000PE cp=35.


With some volatility N may slip towards below 17000 lvl !

No direction in BN.

View strictly for STUDY PURPOSE !
 

Nish

Well-Known Member
N cp=17035

BN cp=37430.

As anticipated in last post. N slid-down below 17000 level.

N 10Mar 16000PE gave much better profits in just 2 days.

Today high till now is 124 plus, from last days buy price of 35 ! Booked !

Bn also shown much lower levels !

But since there is not much interest from the members towards this BN thread, thinking of concentrating on my Private Market Trading Group of my own relatives and personal friends .... !

Best Luck !

View strictly for STUDY PURPOSE !
 

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