Monday, November 30

Bank Nifty entering RBI Event with Bullish bias,EOD Analysis

  • Bank Nifty continued to move up but unable to close above 17466 where demand zone lies. We have RBI policy tomorrow,Bank Nifty will be volatile and trending move will generally come after 12:30 and 1 PM.  Bank Nifty if it starts trading above 17466 the next crucial zone of resistance lies in range of 17620-17670 where we have a supply zone, 2 Harmonic pattern targets as shown in below 2 targets, so be extra cautious in the range of 17640-17670. Support at 17262/17170 range.  What's Your Trading Brain Type?
ABCD

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What's Your Trading Brain Type?

There are five general brain types  Among traders
People with Compulsive Brains tend to get stuck in a particular thought about the market. “It’s too high.” “It’s too manipulated.” “It’s too risky.” It’s too…” whatever. People with Compulsive Brains tend to operate entirely on their own terms and are generally not open to feedback or other options.  
People with Impulsive Brains are the exact opposite. They are unpredictable and lack impulse control in trading and in daily life. Without much discipline, they trade in many instruments and end up being a LOSER.
People with Anxious Brains jumps too

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Ashok Leyland,SBIN and ITC Harmonic Analysis

Ashok Leyland

Ashok Leyland

Positional/Swing Traders can use the below mentioned levels

Close above 98 Target 102/110

 
Intraday Traders can use the below mentioned levels

Buy above 98 Tgt..


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Sunday, November 29

Bank Nifty Weekly Technical Forecast

Last week we gave the Chopad level of 17050 Bank Nifty gave long short on Monday opening and achieved 1 target on downside and Gave Long Entry on Friday and did 2 target on upside on the same day,Lets analyze how to trade Bank Nifty in coming week.

Bank Nifty Hourly

Bank Nifty Hourly
Bank Nifty has been trading in the pyrapoint box from past many session as show in above box, Bank Nifty is approaching the higher end, Will it be able to break this time above 90 degree angle or continue to trade in range.

Bank Nifty Harmonic


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Nifty Weekly Analysis for RBI Policy Week

Last week we gave Chopad Levels  of 7896 , Nifty was volatile last week trading above and below the Chopad levels, Shorts Intitated during first half of week did 1 Target, Longs were rewarded with  first target on Friday. Lets analyze how to trade market in coming week where we have RBI policy,GDP Data and Monthly closing.

Nifty Hourly Chart

nifty hourly
Trading in range of 7937-7800, close above 7950 can see in moving towards the supply zone of 8056/8116 in coming week, Support at 7825/7752.

Nifty Harmonic

Nifty Harmonic

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