Nifty | BankNifty | FinNifty context with levels on chart.

  Market Context -   Bearish to sideways. Sell on Rise is the way to make profit.                         What a tremendous fall today. Whoa. Fall can continue as globally market sentiments especially bank sector is negative.   Nifty50 –  In these kind of market, PDL and PDH are best place to trade. Also the way Nifty has fallen breaking all the support levels, no crucial support/resistance can be drawn. Chart for reference-        BankNifty -     Same goes for BankNifty. Follow PDL and PDH. Any big red candle in first 15 minutes of market opening will again create a pressure on downside.   Chart for Reference-                Abbreviations used in Chart-   PDH – Previous day High PDL – Previous day Low PWH – Previous Week High PWL – Previous Week Low     NOTE: THIS BLOG IS ONLY FOR EDUCATIONAL PURPOSE. TRADE WISELY

  Market Context -   Bearish to sideways.                         Markets are getting affected by the drama happening globally. Looks like more downside is possible easily and again market is in Bear grip.     Nifty50 –  17400-17350 will be a support zone for tomorrow. Sentiments are negative hence we can see 17200 as well. Let’s take the short trade only on PWH,PWL levels after seeing the price action. Chart for reference-        BankNifty -     It may open gap down and fall 200-300 points again. 40000-40050 is a good support range. If market opens flat, we can plan for a short trade after seeing the price action and our immediate target will be 40200.   Chart for Reference-                Abbreviations used in Chart-   PDH – Previous day High PDL – Previous day Low PWH – Previous Week High PWL – Previous Week Low     NOTE: THIS BLOG IS ONLY FOR EDUCATIONAL PURPOSE. TRADE WISELY.

  Market Context -   Bearish to sideways.                         After a more of a trending day on Thursday, market is again at good support region. Nifty is more bearish as it closed below previous two days with a big red candle.     Nifty50 –  17525-17545 is a good region for buying on long side. For tomorrow, the levels are marked on the chart. Below this zone again we can see 17300 levels. Chart for reference-        BankNifty -     BankNifty is still strong on charts. The zone marked is working perfectly (mentioned in previous blogs as well).   Chart for Reference-                Abbreviations used in Chart-   PDH – Previous day High PDL – Previous day Low PWH – Previous Week High PWL – Previous Week Low     NOTE: THIS BLOG IS ONLY FOR EDUCATIONAL PURPOSE. TRADE WISELY.

  Market Context -   Bullish to sideways. Data looks bullish as of now and expecting market to go slowly on upside. As Friday was already a trend day, so market can be a bit slow and lazy on Monday.     Nifty50 –  PDH will be play as an important resistance level for the Nifty50. SGX Nifty is suggesting a gap up for tomorrow as well, but don’t go long blindly. 17560 is a good support. It can give a good long opportunity if Nifty comes at this level and sustain here. For tomorrow, the levels are marked on the chart. Chart for reference-        BankNifty -     BankNifty has given a good rally lately for last one week. Still trend looks strong and bullish. 41450-41650 is a zone where it may spend some time before going up.     Chart for Reference-                Abbreviations used in Chart-   PDH – Previous day High PDL – Previous day Low PWH – Previous Week High PWL – Previous Week Low     NOTE: THIS BLOG IS ONLY FOR EDUCA

  Market Context -   Market is very dicey as of now. Short covering is pending but Nifty is unable to sustain on day highs and hence market is down. Be cautious with short trades as it can be a trap for intraday players.       Nifty50 –  For tomorrow, the levels are marked on the chart. Mainly PDH and PDL will be important for the market to give any clear direction. In between, it will just hunt the stoploss. Chart for reference-        BankNifty -     Same goes with BankNifty as well, but the charts are much better. 40600 is a resistance level above which we can see a good short covering. Any fresh shorts are recommended below PDL.   Chart for Reference-                Abbreviations used in Charts-   PDH – Previous day High PDL – Previous day Low PWH – Previous Week High PWL – Previous Week Low     NOTE: THIS BLOG IS ONLY FOR EDUCATIONAL PURPOSE. TRADE WISELY.

  Market Context -   Bullish.  Bank Nifty is bullish and can give a decent move on upside. Nifty is still below 200DMA and its dragging the other indices down. Nifty50 -  Nifty is still sideways to bullish. Expecting it to go upside for short time period. Above PDH(previous day High) target can be 17580 and 17700.  Chart for reference-  BankNifty -   Tomorrow if Bank Nifty open flat to small gap up, the chances are it will move upside above 40700 and we can see the levels up to 41200.  Incase any gap down, the zone(40580-40700) marked in below chart will act as a support, below which we can see levels of 40350 again.  Chart for Reference- 

Market Context -  Sideways to Bearish. Major heavyweight stocks are not moving much on upside hence no thrust upside.  We will try to find the  opportunity to sell on rise till the major hurdles are not cleared in both Nifty and BankNifty. Nifty50 -  17780-800 is a zone which will act as a resistance. If zone is crossed Nifty can reach up to 17850. Levels are marked in the below chart for tomorrow.  BankNifty -   41350-41400 is a hurdle and will act as resistance. If we get market at this range will try to sell on rise after price action is clear.