UNITED STATES OF BANKNIFTY

[Top_Massage]

We are now standing at a crucial level i.e. 30500 (+ / - 50 points)

Staying above it for long enough, we go up ...

Staying below it for long enough, we go down ....



Disclaimer: This forum is meant for educational purposes only.

 

[Raj232]

We are now standing at a crucial level i.e. 30500 (+ / - 50 points)

Staying above it for long enough, we go up ...

Staying below it for long enough, we go down ....

Disclaimer: This forum is meant for educational purposes only.

Index is moving and continues to move down.. .but till what level.. any support level in near future ?

 

[Top_Massage]

Index is moving and continues to move down.. .but till what level.. any support level in near future ?

Below 30250, bears may target 30150, 30050 and so on ... but yes, 30000 is a good support.

But if bulls could save 30250 for long enough, then boom boom once again within next two sessions .... watch closely ... good luck buddy

Disclaimer: This forum is meant for educational purposes only.

 

[Top_Massage]

Important update .... banknifty is currently wondering around election results day low (low of 23rd May) ....

If bulls could save it decisively, we go up ...

If bears could breach it decisively for long enough, then we slip further ...

Disclaimer: This forum is meant for educational purposes only.

 

[Umar_Ahmed]

BNF formed a shooting star today(indicating trend reversal) over the next week. You can also notice the general patter BNF follows in the chart below.
Expecting a pullback till next Thursday.

 

[Top_Massage]

BNF formed a shooting star today(indicating trend reversal) over the next week. You can also notice the general patter BNF follows in the chart below.
Expecting a pullback till next Thursday. View attachment 35581

Thanks sir. That was really good observation. Good going.

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[Top_Massage]

Ok guys ... one small hint ... keep an eye on Banknifty 30600 PE (20th June) .. currently around 143. It needs to go down soon ... otherwise, it may try to bounce once again ... watch closely ...

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[manny.here]

Ok guys ... one small hint ... keep an eye on Banknifty 30600 PE (20th June) .. currently around 143. It needs to go down soon ... otherwise, it may try to bounce once again ... watch closely ...

Disclaimer: This forum is meant for educational purposes only.

Hope you have made a good trade in this.

 

[Top_Massage]

Hope you have made a good trade in this.

Haha ... thanks. I have been sitting as a spectator since Monday, weekly option premiums surprisingly jumped quite a bit last Friday. Hence, it was evident that we would witness couple of choppy sessions in order to bring down the excess of option premiums .... I am hoping for good move soon ...

Disclaimer: This forum is meant for educational purposes only.

 

[Top_Massage]

Quick small trade done ... yesterday's high of approx 30550 (which is a crucial level for today) was breached quite a few times today ... took advantage of this small dip

Disclaimer: This forum is meant for educational purposes only.