Who has controlled on BANKNIFTY, how?

We are again coming with BANKNIFTY analysis.

banknifty

In the chart, it’s clearly visible that the strength of the buyers is much higher than the sellers. If a resistance not considered then, the next target is against our eye at 30389.

  • Positive global cues.
  • Investments are likely to pick up after the Lok Sabha elections in 2019.
  • Appeared today, fight between buyers and sellers in which seller has not much strength.

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Its Time To take Advantage Of Knowledge Over The NIFTY, Studied

Last friday, NIFTY future was followed accurately our intraday trading level.

price-action-anlaysis

The right side of NIFTY chart, we have found that price rotation and higher trading activities plotted it by using a rectangle. Price value gravitating by control value. Suppose, it’s true then, nice can move upto 11780 again. Above 11626 we can think the bullish for the short term.

Price ration between buyers and seller are in the range of 11598-11678 appeared. (avoid the 3% penetration, any side price can see fire move)

In fact, there are the number of 5 excess, but I have shown 4 five excesses. Each excess has given single direction move, and we are at 4th excess.

nifty-spot-war

We have seen very high trading activities when price moves away from VALUE LOW. It means, a war begins between buyers and seller at VALUE LOW. Sellers are ready to sell NIFTY if the price moves up, in another way buyers defeating with sellers.

just keep patience, wait to break the price… This is a critical situation. Just try to know which side seeing smart money, pension fund, hedge, insurance company, bank, broker, large individual traders or what every you called…

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Clear projection for NIFTY and Nifty future, will not fall…!

Yesterday, Exactly Nifty future followed my level. I had written that selling will come to 11758 and NF made high of 11754. The target was achieved by NIFTY as 11667.

11700 PUT of NIFTY was achieved target 128 and made high (138) from Rs. 22.

nifty-future-intraday-15min

This is spot Nifty chart.

Resistance is for spot nifty at 11674 nearby (suppose to not cross it and stay above it): If cross it then, we can face this level as fair value.

Targets for Spot nifty 11529-11518

Nifty future

Resistance 11738 and 11756 (selling expected),
if cross the price 11750 and stay for 15 min above it. Then NF can move up.
Support and targets 11654-11664 intraday.

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Trade Picture For Tomorrow NIFTY, Sold@11797

Yesterday we sent to subscribers: Sell NF 11789-11798 with stop loss of 11824 targets 11724 and 11611-11578

First target has been achieved.

nifty-spot-intraday-chart

Nifty closed at S. 11624 which give it move.
Short trader should keep stop-loss 11679 above as trial.

Intraday R. 11659 nearby (seller can come to this point intraday) with intraday support @ 11575 nearby.

NIFTY FUTURE:

Pivot S 11702,
Intraday targets 11668-11676 and this is support also.
Suppose to not break 11670 below, then it can bounce upto 11724-11748 and upto resistance 11770.
Below to 11670, NF is not can fall 100-130 points.
Resistance is too far at 11776.

daily-chart-nifty-future

Nifty ATR is at 111 which means if short term downtrend started, then 11635 -111 = 11524 below.
Double Top is not clear still.

  • RBI monetary policy on April 4.
  • The selling in the last hour.
  • Forming ‘Bearish Engulfing’ pattern on daily chart.
  • The short term trend of Nifty is weak.

NOTE: Both charts are for SPOT NIFTY.

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Outlook For Intraday: With Projected Levels To Speculate.

In the last update, We have suggested buying PUT 11700 @40 -64 and it was not achieve the targets (high was made 88)

nifty-intraday-output

SPOT NIFTY: 11660 below, Nifty require to update new projection. Projected prediction for intraday with R 11778 nearby and S 11712.

Nifty future: Resistance is 11827-11841 and below to 11750, Nifty can fall more…

  • World markets are mixed and flat.
  • Don’t suggest to take any long position, R 11760 spot nifty.
  • No real need to panic buy in advance because, anything can happen (no reason to act in a panic either in buying or in selling)

Nifty follow exactly followed our projection:

Below call given to subscribers:

sell NF 11789-11798 with stoploss of 11824 targets 11724 and 11611-11578

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nifty-updated
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There has been a lot of profit booking by Fund-Managers on NIFTY

Suppose to close below or trade below 11760 nifty, then hold position for our mentioned targets… selling pressure are seen.

nifty-cash

As we saw yesterday, there has been a lot of profit booking by Fund-Managers. Although daily candle appears technically DOGI, this is a single of change trend.

Nifty price is still above 50MA and 200MA as plotted in chart also, which indicating positive bias in the short term.

Cash Nifty:
selling expected is 11729 to 11748 and below 11580 below is confirmation of changing trend.

Nifty Future:
Selling are not suggested 11786-11796 if you are not acted yesterday.
below to 11715, it can more and selling pressure expected to continue.

ATR is till normal which means not started downtrend.

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