教育

Bank Nifty in coming weeks

已更新

Price may retest the DEMAND zone and will fill the gap created on 21-Aug. It may be side wards for a couple of days as the volume is clearly accumulated at lower price (~22250-22300) by big players. I guess price may be lowered further and clear accumulation may happen. If the trend line (Green line) breaks then the next DEMAND zone would be (~21600-21700). Every time the retest of the demand zone happens then its followed by a clear up move.

For week Sep14-17:
UPPER LIMIT: ~22750-22800
LOWER LIMIT 1: ~22100-22000
LOWER LIMIT 2: ~21700-21600

交易進行

14-Sep-2020: 13:18:
Gap up in the morning. Unable to break 22700 which is visible by multiple failed attempts and it may take support at ~22500-22400

交易進行

14-Sep-2020: 15:56:
Retest of the Demand zone ~22000 at it is taking support ~22100-22000. Breaching 22000 will retest the demand zone 2 ~21700-21600. Tomorrow 15-Sep would be a sideways for accumulation of volumes at lower levels and might test the Demand zone 2.

交易進行

15-Sep-2020: 17:57:
Demand zone of ~22100-22000 was tested throughout the day which is the accumulation by big boys and the final move came around 2pm. Tomorrow 16-Sep is going to be testing the levels of 22350-22450. If it holds 22350 and once the accumulation is done its going to be a up move for a target-1 of 22700-22800 and target-2 22900. If 22350 do not hold, then it might retest the 22200 levels again.

交易進行

16-Sep-2020: 15:30
As posted yesterday the demand zone ~22200 was tested and then the up move came. As mentioned earlier, the supply zone of ~22750-22800 was intact.
Tomorrow 17-Sep expiry day. Retest of the demand zone ~22450-22550 zone is possible for accumulation of volumes and then the up move for a target of 22750-22800 if breached can reach upto 22900. But it may be a sideways market also which cannot be ruled out.

交易進行

18-Sep-2020: 14:35:
As expected, lower Level 1 of 22100-22000 is breached and is trading below 22000.

手動結束交易

18-Sep-2020; 22:47:
Lower levels are broken after accumulation of volumes at 22400 levels. Its been in stiff congestion zone for nearly 2 days and then the break down came at 2.00pm. Target on the downside achieved. Will post new idea for the coming week.