3500+ Points Range for the banknifty to trade for the budget volatility .
We can expect a calm expiry however any possibility cannot be ruled out. But probabilistically we expect a range bound expiry for tomorrow .
THere are not one but two important Support points with good vol trade indicated by Black Lines. I expect the trade will have a even better R:R if we enter at the lower Black Line.
It is a VERY GOOD R:R ratio trade a good reaction created at current price marking bullish nature can extend the rally to upper black line.
A formation of M pattern breaking down the Bull Flag is seemed to be formed which can witness us to take profit at the nearest gravitational BLACK LINE
32118 is a crucial level if it opens and manages to stay below this then A bearish trade can be made ! However if the BN continues to make the 200EMA as a strong support trend line ( non linear of course!) then a trend continuation is good for the bulls
It seems that a strong reaction was formed at these current price but it also not ruled out that if price trades below the first upper red line then the first target can be the second red line and then the Black line !
When we smell the air that a bear is coming it comes faster than we think but the smell is definitely their! And thats what it is showing here on multi timeframe analysis- BEARISHNESS ATLEAST for 2-3 days or more. Coming week it can touch the indicated Red line as target and SL above Black line
BTCUSD should be forming a lower low and to hit the lower black line as target. Decent R:R ratio in place
we present the blueprint of range for today's expiry as BN is opening gap down.
We can expect that IF the price exits the box and then attempts a downward move a take profit point can be expected at the gap fill range.
We can expect a cooling off leading to retracement in HDFC life tomorrow if the price action is denoting weakness below the marked line then a achievable target should be in place for us .
If tomorrow we see promising price action above 1384 level then 1420 would be a great target to look for
We can expect a swing from this point in ITC and the same to be watched out at.
It should be a typical expiry however if the things are not so conducive for a typical day an upmove is more likely.
Let NTPC break the black line and can enter short for a good 2-3 points.
It has been a rangebound movement today. And we all know what happens in range ----***TOP SECRET*** So get ready for the move on either side but prepare to buy if the stock breaks price action and can take profit at the red line
Kotak bank would be one of the champions in the banknifty rally and you just cannot ignore it. It is also taking genuine support at the points indicated.