Bank Nifty in coming weeks
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
For week Sep14-17:
UPPER LIMIT: ~22750-22800
LOWER LIMIT 1: ~22100-22000
LOWER LIMIT 2: ~21700-21600
Operación activa:
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
Gap up in the morning. Unable to break 22700 which is visible by multiple failed attempts and it may take support at ~22500-22400
Operación activa:
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.
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.
Operación activa:
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.
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.
Operación activa:
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.
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.
Operación activa:
18-Sep-2020: 14:35:
As expected, lower Level 1 of 22100-22000 is breached and is trading below 22000.
As expected, lower Level 1 of 22100-22000 is breached and is trading below 22000.
Operación cerrada manualmente:
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.
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.
@aravindleo_99
