BankNifty footprint with clearities

Resistance(30840 nearby) available from two factors,

  • 1 “Control Price” of main channel.
  • 2 (3) wave count of Channel.

In moreover I plotted 5 small channel the l into main channel. The 5th channel is absolutely different from all other channels which is shown with yellow color. There is still more in small 4 channels of trend is up while 5th Channel is a flat trend.

Something is going to become inaccurate. Look at the yellow two-box, if you detect this type of move during the market hours will result in your Big move in against direction.

Weekly Expiry.

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Intraday Trade SETUP for BANKNIFTY

The small value area and narrow channel are plotted on the chart.
For the long trader, the value area found the support at 31186 nearby.

NOTE: Trade always requires verification of move by the few of the points due to live market hours. I will best try to update at live market hrs.

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BANKNIFTY, When to take action?

When to take action?
Answer: buy when the price is below value low, and sell while price makes excess above the value high.

The Control price always attracts the price which your profit booking zone.

I’ll take action only when making an excess.

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Banknifty Footprint will guide exact trade entry

These call were given to our paid subscriber  the target was achieved:

SHORT INDIGO fut 1514-1522 and stop-loss 1530 and targets 1464-1414

Yesterday target achieved…
BUY CADILAHC intraday cash 273.5-271 and stop-loss will be 270 below and 286-294 intraday if close above 285.. then hold it 301-314.

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  • There are two excess found above the Value High. 
  • 3-price rotation, on the value area. 
  • Above the control price, there are not trading activities detected. 
  • Last closed price is at control price. 

Conclusion, Buyers always look at excess 28429 of value low and sellers attraction should be at excess 29316 of value high.

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BANKNIFTY Don’t overlook the BLUE channel, which is still active.

Yesterday great for subscribers, We sent many calls since 15 days. All  subscribers are enjoying it, BUY NIFTY and SELL also, AXISBANK bought, AUROPHARMA intraday sold, BANKNIFTY perfect and point to point prediction, ACC, BHARTI AIRLET intraday bought, ZEEL future, TCS, ESCORTS etc..

All are achieved targets and SUBSCRIBERS enjoyed all follow up.

Now here is BankNIFTY spot update for trend identification.

spot-banknifty

The Gravitate price is being played such as magnet which has a yellow color with a number (0) to (8). If you see it closely from left (0) to (8).

We have seen selling and profit booking with high of 30058 which is also written by me. Price is going to hit at “blue-channel-line” which is the point at 29387.

I have written yesterday: Don’t overlook the BLUE channel, which is still active. Therefore, the blue support line pushes Banknifty price to upside 29387 nearby.

Click here
to see more about yesterday what I said.

  • Formed bearish candle which resembles a ‘Dark Cloud Cover’ on the daily chart .
  • The important event of next month.

Below conclusion is from the daily chart:
If weekly close makes slightly higher than today price the continuation of the trend is possible till 32500
any reversal on daily one can look for a fresh entry for the next move up.

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SPOT BANKNIFTY has still target 30000, not believing for continue.

This call was given to our SUBSCRIBERS:
Buy NIFTY 11596-11605 with and target 11657-11679.
Target was achieved.

Have you seen what I had written on Bank-Nifty yesterday?

Bank-Nifty has JUMPED, where from written support was in range 29395-29450 (made low 29437). And, made a high that is 29958. Our Target has achieved today as given yesterday 29977. You can check full detail what was it…!

The Gravitate price is being played such as magnet which has a yellow color with a number to . If you see it closely from left to , you can understand that it will perform as Resistance role for BANK Nifty.

As per the gravitating price, bank nifty has still targeted 30000, and 30032-30078 will be profit booking zone.

The Gravitating price nearby, we might have price rotation OR pullback.

Don’t overlook the BLUE channel, which is still active. If its move 30000, then there is not the meaning of blue channel.

  • A long bull candle was formed on the daily chart.
  • The important event of next month.

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