BN opened gap up at 37102 very near the resistance line denoted yesterday. By 10.20 BN took out the resistance and the day’s price action shows that this region has become the new support level. During the day after this resistance was crossed — there was no looking back, BN did not break down. This is usual…
BN opened at 36370 very close to yesterday’s closing level. The 2nd candle was bearish — a big red one, i almost thought the day will trend towards the down side continuing the momentum from last 2 days. But what really happened was that BN took immediate support at 36260 level. Although my support line is at…
BN opened at 36688 almost same as yesterday’s close. The first 5mts candle itself was very bearish, almost a drop of 150pts. The successive candles were also bearish and the support of 36558 was taken out very easily. The selling momentum only came to a halt at the 36350 level. BN traded between 36350 to…
BN opened at 36766 and the first 5 minute candle was very bullish — BN rallied close to 200pts before giving up the gains. The same may be due to the quarterly results of ICICI which has a 22%+ weight-age on BN. Although the fall seemed dangerous — it took support at the 36558 support line. From 10.25 to…
BN opened gap up at 36322 breaking yesterday’s resistance line. The first candle itself was bullish that set the tone for the day. BN spent 9.25 to 11.40 below the next resistance line finally crossing in the 1 big candle at 11.45. The height of the candle indicated that they may not be any reversal…
BN opened at 36026 very near to yesterday’s closing. There was no gap up like the previous few trading days. BN closed at 36226 pretty strong above the resistance line of 36169. Most of the time BN was hovering around this support/resistance line and was trading without any major volatility. In this short term the…
BN was very stable today and hardly moved but in a tight range. Opened at 36061, Closed at 35890. Max swing high is 121pts and swing low is 185pts. BN was unable to break the resistance line of 36169 and traded just below that most of the time. However there was no breakdown or reversal…
BN opened right at the support area 35113 and indicated a bullish momentum in the first 10 minutes itself. Frankly i did not expect this momentum to sustain — but BN continued to cross the resistance of 35510 and closed near the next resistance of 35730. BN spent considerable amount of time near the resistance line of…
BN opened gap up at 34841 almost midway between the support of 34363 and resistance of 35094. Till 10.40 BN did not establish any pattern or momentum but right after that it started trending upwards uniformly making a beautiful price action. Although BN spent 12.15 to 13.40 around the resistance line of 35094, it surpassed…
BN opened right at the resistance area of 34734 made an immediate surge of 162 points in the first candle itself. Over the next 2 candles it gave up the gains as well as fell below the resistance line. From 9.40 to 14.30 BN traded in a range as denoted by the yellow lines. During…
