If there is considerable amount of GAPUP, we might expect a possible upside movement till the marked zone. If there is no big GAPUP/ if the price falls immediately after opening, One can ignore this analysis. Make analysis/plan, if the market behaves according to your plan,You'll have confidence in taking positions. Keep in mind, market can do anything. HAPPY...
Expecting the market to move upside in the fist half. If there is weakness in the first half one can ignore this analysis. Watch the price, if it's going according to plan then only we can take positions. This analysis is according to my understanding of market. Have your own analysis and trade according to plan. HAPPY TRADING....
If the market recovers from here and follow the pattern, one can consider this analysis. If it falls further, One can Ignore. I'll keep you posted if it works. HAPPY TRADING......
Market is removing sellers now. There's one shorting opportunity if the market behaves in this particular way. otherwise ignore this analysis. I'll keep you guys posted. SAFE TRADING....
We have ONE RESISTANCE and TWO SUPPORTS TO CONSIDER. Market might open around 1st support. Look for how the market behaves @ support. Market might move in either direction. I'll keep updating market behaviour. HAPPY TRADING.....
If the price breaks above the marked zone and couldn't sustain, one can go for short. Only if the price couldn't sustain above the zone. If there is too much bullish movement, one can ignore this analysis.
If the price takes support @ the marked zone and trade there for a bit of time and if the price again breaks out of the formed zone @ support, one can consider taking SHORT opportunity. Because if this analysis goes right, we can see a very good movement downwards with max 30 point SL. This trade will activate if the market again invite buyers @ support. Wait...
*On 12 DECEMBER, expected a good fall from supply zone, but buyers remained strong. *Unless market doesn't trade and sustain above supply zone, consider it's weak. *Make changes to your trading plan if opened BIG GAPUP/GAPDOWN. NOTE: This Idea is according to my understanding of market especially BankNifty. And do your own analysis, take positions according to...
I already mentioned important points on chart. If market opens GAP DOWN / FLAT my view will be BEARISH. You can sell once the price again reaches supply zone. If the price rejects from supply zone, expecting market to create new swing low. If the price opens GAPUP/ starts trading above previous Day's high, You should ignore this analysis. NOTE: This Idea is...