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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SPOT BANKNIFTY, will not back again? Answer is, Still exist BULLS

Spot bank nifty closed at support.
Last hope at 29211.
Trend line support 29395 – 29450

Even if the trend channel is continuing, and the following possibilities still exist;

  • 1) Gravitate price will attract the value, so long traders have target 29977.
  • 2) The support at 29395-29450 will push the nifty toward to 29700.
  • 3) Last hope at 29211, if bank nifty slip to that will be a pure bearish trend.

The formation of a bearish candle following a bearish Belt Hold on the daily scale indicates that bears are now forcing the market to restrict its momentum.

It can slip the next 1-2 sessions if above is not existing.

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NIFTY: high volatile with 350-200 points negative move

Buy TATAMOTORS strike price of 220 @ 10.1 and targets are given 16-17 (Achieved).

BUY JUBLFOOD future 1376-1368(CMP 1378) with stoploss of 1362 and for targets 1401-1411 and 1432-1447 (achieved target and booked profit)
and a lot of calls were for subscribers like, WIPRO etc.
nifty

Sellers eye will be 11880-11925, though I have posted an update that nifty target is this range.

Next week, I am expecting a very high volatile with 350-200 points negative move. Be careful with the long and +ve thinker of the market.

This is spot nifty level, I will update very soon future level for trade.

  • The Market is going open positive today.
  • Asian shares were subdued on Thursday after a negative performance on Wall Street.
  • US stocks ended slightly lower on Wednesday as a drop .
  • Good Friday and Easter holidays, keeping for tomorrow.
  • Oil prices edged down on Thursday.

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There’s No Need To Write Or Draw A Lot, NIFTY

We’re seeing Price Rotation at the all-time. There are two scenarios are here for traders as following;

  • 1) Gap up, then break-out.
  • 2) Form of strong downtrend bar(candle).

The 90 percent chance is up-breakout with GAP. Patience is an important factor everywhere, therefore keep patience. If you found any of both, then we will move in a direction.

nifty-daily-chart-with-view

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Words for nifty: choppy, range, side-way and break up-down…

In last update, We have book good amount of profit from the option trade:

Comment: BUY PUT OF NIFTY strike 11700 70-76 with stoploss 65 and targets 121-148 (CMP 79) wait for range
Comment: start booking on NIFTY PUT… CMP 102

Click here for last update:

nifty-spot-choppy

From the daily chart view, is signaling a sideways range movement in the market. Short term trend of Nifty is choppy and will expect to trade in the range of 11547-11636 intraday. After breaking, up-side will require a new update and downside breaking will lead to attracting target 11476-11489.

Intraday resistance at 11636 nearby where sellers can start taking their steps for target 11476-11489 if breaking down 11545.

  • The general trend, however, is expected to remain bullish. General elections on April 11.

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