Bank nifty broke out and made an all time high of 43163 today. The opening was at 42838 negating yesterday’s fake price move from 15.00 to close. Notice how yesterday’s rally continued with the yellow encircled region. Today’s open and forenoon trade was in perfect alignment with the rally that started yesterday. Since its a…
Bank nifty opened at 42545 quite midway between yesterday’s swing high and swing low and then created a red bearish 5mts candle. There was an attempt to take out the highs of the 1st candle over the next 7 candles — but it was unsuccessful. Then we had a good drop from 09.50 to 11.10 a fall…
A very good trading day today, bank nifty opened in line at 42371 made a long legged doji in the 1st candle and then made 7 consecutive candles with 100pts swings in each before deciding on the direction. We had a up day today with a decent run from 09.50 to 11.30 and then a…
The price action formed today is negative, i am inclined to go short although nifty50 shows contradicting signals Bank nifty ended today’s trade flat with a drop of only 0.04%, but i feel the price action was on the negative side. BN opened gap up at 41552 made a red candle first 5mts, and then…
BN opened at 35017 rallied decisively through the resistance during the 1st candle itself. There was no immediate pull back indicating a strong upside momentum. There was a slight price action, a minor pullback from 10.30 to 11.45, and BN continued to rally from this interim low. Finally closed at 35442 Important S&R points support1:…
