BANKNIFTY: Harmonic Outlook For Premium Subscribers

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Nifty, BankNifty, Stock Trading Calls Report of May 2022

P/L Report of May 2022
  • SELL APRIL 27 – Bajaj Finserv +Rs.35,000 / 1 lot
  • SELL MAY 02 – Nifty +11,100 / 1 lot
  • SELL MAY 08 – Bank Nifty +25,075 / 1 lot
  • SELL MAY 09 – Nifty +20,000 / 1 lot
  • SELL MAY 22 – Nifty +17800 / 1 lot
  • BUY MAY 22 – Adani Ent -5000 / 1 lot
  • BUY MAY 22 – Axis Bank +36,000 / 1 lot
  • SELL MAY 30 – Nifty +9000 / 1 lot
Total P&L: Rs.1,53,000 – Rs.5000 = Rs.1,48,000
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NSE NIFTY & BANKNIFTY Outlook For Intraday Traders

Yesterday, I published the Bank Nifty 4-hours & weekly timeframe chart. And I had mentioned updating the morning outlook for intraday traders and our premium subscribers. Here it is:

Is Bank Nifty Resuming Its Bearish Move?

Bank Nifty is occurring in the range between 34700 and, 33370. To get a tradable move, traders should wait for the breakdown of this range.

Traders can short below 34100 for the following targets: 33803 – 33540- 33452. In this phase of declining, traders must wait for a confirmation signal. Buyers can enter above 34700.

Is Nifty Preparing For 15950?

Nifty is forming in the range of 17500 – 16340. Price will face a consolidation if it trades between these levels. We can see big impulsive moves after the price breaks this level.

Today, We will see a gap down in nifty  with a speculative boom.
After Gap is down, if the price sustains below 16220, traders can expect the following targets: 16150 – 16036 – 15956.
Bottom always takes time to be formed. A long position is only possible above 16800.

Premium subscribers can wait for the future & options setup.

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