#Banknifty

Upcoming days my View for Bnf

#Nifty is also Bullish

May Touch ATH SZ

Lo ho gaya khel

Ab bolo ❤️😂

Just came to know he lost 9 lakh ..
I warned him lastly when he was at net loss of 14k..
Then probably we did not talk..
I think he lost mostly in last 15 days or so..
Feeling so sorry for him..

He said some days I have earned like 2 lakhs , without even knowing anything..

Sheer co incidence of getting profit guarantees you to big loss..

This has happened to me , to all..

I am so experienced still can not handle big naked quantities..

Feeling so bad for him..

Active Trades , for today ,

It did for ATH

BNF 24th May Prognosis

What a day today in BNF! We saw an open test drive that led to an OTF uptrend almost throughout the day, covering a range of over 1000 points. As a result, the value area migrated higher. Given that it was a trending day with no more than four TPOs at any price, we cannot comment on the development of the POC. However, the elongated profile suggests that both shorts were covering their positions and longs were adding, indicating that old business closed and new business opened, resulting in an elongated profile.

We're left with a super poor high and anomalies due to the elongated structure, which are typically cleared sooner or later. With today’s large rally, it remains to be seen if the bulls have enough energy to sustain the momentum tomorrow. According to Auction Market Theory (AMT), prices go up to find sellers and down to find buyers. Just like we saw yesterday’s fierce retracement to 47400 met by responsive buying, leaving a strong buying tail. The poor high suggests that buyers have not yet pushed enough to exhaust the sellers.

Hence, for tomorrow, the critical level to observe will be 49000 - 49050. Clearing this level could lead to the singles zone at 49300. On the downside, robust support levels are expected at 48700, 48500, and 48200.

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#Banknifty all according to the plan

Today market was trending , so we can expect tomorrow two things .

1. Trend continuation
2. Range bound (not side ways but range bound)..

I am writing down three possibilities in case of flat opening and first spike up or  slight gap up opening..  then market may move down and become range bound to go near 48350 or so.. (this may be achieved at day end)

Or first move down or gap down then goes up to 48900 levels .. wherein call high of today shall break and move around 20% up.. 

Bullish Trend continuation  49000 ce breaks day high go to 420 levels, retest at today's high or a bit below and then continue rally

Trade according to zone and price action

UCOBANK Strong Above 58.55

Bnf Strong Above 48829 ,,,, 50000CE MAY 29 Strong Above 70 SL 15

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