After the long TIME, we are going to update BANKNIFTY for you FREE.
Target for BANKNIFTY 28309 and support from channel 27736. If we are moving toward the target, BANKNIFTY will not test support.
Update on 16th AUG. 2019 (time 11:00 AM))
Support has been taken by BANKNIFTY with low of 27722 and Our support was given at 27736.
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We have enjoyed last more than 150 points on NIFTY AUG. CLICK HERE TO check.
Channel support 10996 and “control price” support at 11069.
Target is 11264 as per daily chart of gravitation.
What should be the entry point?
Trade 1: BUY Aug NIFTY future. 11015 nearby with stopl loss of 10975 below and targets 11140-11167 and 11222-11300.
Trade 2: BUY NIFTY AUG. 11000 below with stop loss 10975 below and target 11100-11165 and 11222
There are also support for banknifty.
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Nifty trading in the middle of the channel.
In respect of excess(iii), Nifty will create excess (iv) presented which is the expected range of 10811 to 10600.
This range of excess(iv) will strongly attract Investors to buy. Caused by breakdown strategy, buying zone is already started in nifty.
For the target of pullback using Fib. Retracement, 38.2% is at 11088 and final target 11316(gravitating value) nearby of 68.8%.
We bought NIFTY future AUG. and waiting for target 11088-11100 and last 11188
PLAN TO TRADE
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In last update, We have exited from LONG position at 11111 in AUG future. It was up to 150 points profit.
Channel is tight, and there is no any new until 7th AUG 2019.
Resistance 10916 nearby if first and Support is 10748 nearby if first it.
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Yesterday, I suggested buying NIFTY future Aug 10900 nearby when it created a TAIL at the value low. After it was moved to our target intraday target with the high of 11052 (150 points pull back from low). Today, we have seen GAP down openning.
Nifty again trading at value low where trader always think for buying.
For spot nifty 10860 below it will be value low.
Intraday support 10835 for spot nifty which attract buyers.
Below call was for SUBSCRIBERS
BUY NIFTY Aug. 10915 nearby with stop loss 10878 and targets intraday 10988-11068 intraday
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BANKNIFTY
Down wave of FLAG pattern over… Now ready for up…!
PULLBACK is clear… stay above 11000 can nifty future test 11111 and 11187
Buy NIFTY AUG.
Pullback target 10980 and more 11011 intraday
Protective stoploss 10875.
REMARKET: suppose to close NIFTY future aug above 11025 above Then hold your whole position for targets 11111 and 11244
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