Nifty BankNifty Demand Supply

As discussed in yesterday report  that support at 8050 and resistance at 8150.

Today Nifty made high of 8146,so acceptance error of 4 points of our target 8150.

Now  Nifty inching towards 8150 level which will act as balance point.

So 8150 is the real test for Bulls to cross for target of 8230 and support at 8110-8070.

BankNifty>>>

As discussed in previous report that 17580/17600 is the resistance today BN

made high of 17625 but unable to close above Resistance.

Now Support at 17340/17200 and Resistance at 17690/17750.

Note-Read Disclaimer at top right.

Nifty Banknifty EOD update

As discussed on 22nd Analysis report click here  that 8210 is the balance level

 from there nifty to and fro. Also mentioned that 8270 has no importance at all,

despite closing near 8270 on 23rd you may have witness the reaction on 24th.

As Nifty breached the lower level balance point at 7970 and retrace faster,

so wait for confirmation.

Now intraday support at 8050 and Resistance at 8150.

BankNifty>>>

Discussed on 20th Report click here that closely watch the the 17882-17905

 upper cluster level as this level has the capacity to knock down  the BN to

sub 17000 level within 2-3 trading session you may have witnessed what happened.

Now intraday support at 17450/17200 and Resistance at 17580/17600.

Note-Educational Purpose Only.Read Disclaimer on top right.

Hawk Eye scan II Nifty Gann Analysis

As discussed from 29th may report and every report that 8250-8260-8270 is the

 cluster Resistance and 8320 is the PRZ(Potential Reversal Zone).

Nifty has been made lot of attempt to cross the cluster Resistance but unable do,

so that cluster resistance is not a big deal now as that cluster resistance validity

has been expired .

As discussed in last two report that close watch on 8210 level as this level is now act as

balance point and to and fro price to upper side 8320/8420 , lower side 8120/8030/7992

 to complete rotation.

To remain in bullish trend nifty should respect 8120 strictly on EOD basis.Below that

it weaken further to 8030/7992.

Wait........Watch........... cross.......

Note-Educational Purpose only.Read Disclaimer.

Nifty EOD update

As discussed yesterday report that watch 8210 level carefully.Nifty including today

consecutive closed above that level.Today neither cross nor closed above cluster

Resistance 8250-8260-8270.

Now expect 8270 tomorrow otherwise Nifty eventually test intraday support at

8210-8130-8100.

Nifty has good positional support at 8047-8030  Resistance at 8270/8320/8420.

Lets wait and watch these level.

Note-Educational Purpose only.Read Disclaimer. 

Nifty BankNifty Hawk-Eye Gann Scan

As Discussed in earlier post that Nifty should cross cluster Resistance 8250-8260-8270

decisively to reach at PRZ 8320-8330 and then Zoom Target.But not happened and

reverse without touching PRZ level.

As said earlier Nifty should respect 8047/8030 level and gathers energy at 8090/8100

level to cross PRZ and Zoom Target.

On 19th June analysis discussed that intraday support at 8130/8100 and Resistance at

8250,Nifty made low today 8107 and high made 8244,Our target almost achieved today

on both side with acceptance error of 6-7 points.

So What Next???

As the name Hawk Eye scan, Now watch closely the level 8210 for Nifty.

Case-I.
If Nifty sustain and close above  8210 for consecutive day  then chances are cross

the cluster resistance upper level 8270 to reach at PRZ 8320-8330/Zoom Target 1(8420).

Case-II
If Not the case-I then Below 8130 level,Nifty may drag to the 8050-8000 then another

scenario which we will discuss latter.

BankNifty>>>

As discussed in 14th june report click here 15th June report click here that BN has good

support at 17450-17500 today BN made low 14425 then bounce from that to 17779.

BankNifty  closed  four consecutive day above our cluster support 17600-17650.

Now apart from cluster support watch carefully 17882-17905 which is the cluster

 resistance upper level.

This upper cluster resistance level has capacity to repel or knock Down BN to sub

17000 level within 2-3 trading session.
Above 17900 Resistance are 18300-18500/Zoom Target(?)

Note-This is my personal view for Educational Purpose Only.Read Disclaimer in top Right.

Nifty Weekly Gann Analysis

Dear All###

As discussed in 5th June Weekly report click here that 6th,7th is the potential Reversal

Day and intraday support at 8190-8145 positional support at 8100/8090.

On 7th June Report click here mentioned that 8320-8327 may act as

PRZ(Potential Reversal Zone).

On 6th June Nifty High made 8294 and not penetrate our PRZ.

Nifty is hovering around that support line for last 8-10 trading session and almost

 respect the 8100/8090 positional level on EOD basis.

I have decided not use any news for panic and set of leading/lagging Technical

 Indicators i.e. RSI/MACD/MA etc to confusion in Analysis Report.

So i rely only upon Pure Price action Analysis and Basic Geometry.

So What Next???

Now Nifty intraday support at 8130/8100 and Positional Support at 8050/8030-8000.

Nifty Resistance at 8250.

consecutive EOD closing Below 8030/8000 may open for Next round of Harmonic

motion.Wait for Nifty to close below 8030/8000, as it may act as Potential Support.


Note-Educational Purpose only.Read Disclaimer.

Nifty BankNifty Above Gann Positional Support

As Discussed in last analysis report that Nifty should respect 8047/8030 level for next

up-move and Zoom Target.Also mentioned that 8130-8150 as Trend Reversal,

Yesterday and today Nifty respect that said price level and  Good bounce today

closed above psychological level 8200.

Now Nifty>>>

Intraday Resistance- 8210-8240

Intraday Support-8150

Positional Resistance and Trend Reversal -8270 and Target 8320-8330/Zoom Target(?)

BankNifty>>

As said BankNifty has good support at 17500,bullish above 17600 and Trend Reversal

above 17750.Today BN made High of 17943.

Now BankNifty has resistance at 18020 and above that Zoom Target (1)-18300/18500

intraday support at 17900 and Positional support at 17650.

Note-Educational Purpose Only.Read Disclaimer.

Nifty BankNifty Gann Demand Supply

As discussed in previous analysis that Nifty has strong Positional Support at 8100-8090/8047.

Yesterday Nifty made low of 8064 and closed above 8100.For next up move Nifty should

respect 8047/8030.Bullish Trend Reversal above 8130-8150.

BankNifty>>>

As discussed BankNifty closed below the lower cluster support 17600.So bearish

below 17600.But strong support at 17450-17500,Closed below this level BN may

heading towards 17200.Bullish above 17600 and Trend Reversal close above 17750.


Note-Educational Purpose.Read Disclaimer

Nifty Weekly Elliott wave Gann Analysis

As discussed in previous report that intraday support at 8145-8130 and Positional

Resistance at 8270.Nifty made low of 8162 and high of 8265 on Friday.

On 31st report  i have mentioned that 8320-8327 may act as PRZ(Potential Reversal Zone)

click here to see 31st Report.Nifty made high of 8294 and reverse.

Now intraday support at 8145-8130 and Resistance at 8210.

Positional Support at 8100-8090/8047 and Resistance at 8270.

As per Elliott wave Analysis,ongoing correction may be wave 4 and Nifty may consolidate

before Next Move.Good News that Nifty consolidate before PRZ,

as Nifty accumulate energy to cross PRZ(8320-8327) and Zoom Target(?) .

BankNifty>>>

BankNifty support at 17750/17650/17600 and Resistance at 18900/18000.


Note-Educational Purpose Only,Read Disclaimer.

Nifty EOD Gann Update

Dear All###

As i wrote on 7th June report that Nifty Support at 8210-8190.Nifty consolidate at

these levels without touching PRZ(Potential Reversal Zone).It is the case that Nifty

 may overshoot the PRZ,if  Forced Harmonic Oscillation.

Now Nifty has Intraday Support at 8145-8130 and Resistance at 8210-8240.

Positional Support at 8100-8090 and Resistance at 8270/8320-8327.

Nifty>>>

Note-Read Disclaimer.

Nifty BankNifty EOD Gann Analysis

Dear All###

Good News that Nifty closed above 8250/8260 but not above 8270.

Now Nifty may face 8320-8327 as PRZ(Potential Reversal Zone) above that More Rally.

Intraday Support at 8210-8190/8145 and Positional Support at 8100-8090.

As i wrote yesterday BankNifty has cluster Resistance at 17750-17860-17950-18000.

Today BN almost achived our all Resistance level.

Now intraday support at 17880-17750 ,Positional support at 17500 and

Resistance at 18300-18400.

Note-Educational Purpose Only.Read Disclaimer.

Positive Feedback and Constructive Criticism

Dear Friends###



After putting hours of hard work into Analysis and Put them in blog,


you find that and remains silent. No one comments.No one praises.


It’s a dark and lonely place of an author to do more.


If you silently view the blog that my hard work has finally not been validated.


Positive feedback and Constructive criticism are Most welcome.I wish to listen from you.

It hardly takes a minute to comment and share your views.

Please vote in the top right corner of Blog about your trading style.

Nifty BankNifty Gann Update

Dear Friends###

As i wrote  yesterday Weekly update,Nifty intraday support at 8190-8145.

Today Nifty low made is 8186 respect our first intraday support of 8190.

Ok as there are no change of Level of Nifty,Nifty Intraday support at 8190-8145

and Positional Support at 8100-8090.

Resistance at 8250-8260-8270/8320-8327/Zoom Target(?).

BankNifty>>

Banknifty facing Resistance at 17750 bcoz BN has cluster Resistance at every 100

Points up from 17750 upto 18000.I.e 17750-17860-17950. BN needs more energy to

cross these resistance to reach next Target 18300-18400.Support stands near 17600.

Below 17500 bears takes control and double the power below 17200.Above 17750

bulls in upper hand for Target of 18000-18300.

Note-Educational Purpose Only.Read Disclaimer.  

Price Action Analysis Vs Technical Analysis

 Price action Analysis is the same as Technical Analysis?


The answer is Yes? or No?

You will decide the answer.

Price Action and Technical Analysis are two School of Thoughts?

My Question is If Stock/Index price chart(candlestick/bar/Line) is a raw data or

Processed data with Open,High,Low,Close  and Volume values of information ?

From this OHLC data we recognize that previous bar  close is high or low from previous bar.

If we get information from simple bar/candlestick chart why we put indicators like moving

averages,RSI,stoch etc and complicate the chart for Trading/Investing.

If Trading is a Psychology Game why we are constantly striving to find Holy Grail Indicators?

If Stock Market is a complicated subject why we add more complicated indicators?

If you have reasonable experience with this number game,Regardless of two school of thoughts and

 analysis we belongs to,you found yourself discussing at some point the issue between

Price action analysis and Technical Analysis.Some Traders at some point of time after experience

found using the simple Price action Analysis over Technical Analysis.

What is Technical Analysis?
Example
A moving average is about as plain technical indicator as you can get.
we can make it more complicated  with weighted, geometric, harmonic, exponential,
and double or triple smoothing variations.

Price Action Analysis?
Price action example is a simple support and Resistance line,Pivot breakout etc.

Here is the Simple price action analysis by adding 90 points from low of Nifty low 6825.8.

Comment and share your views about Price action and Technical Analysis.
Nifty>>>

Note-Educational Purpose only.Read Disclaimer.Do comment. Share your votes
in top right corner of Blog.

Nifty Sync and Weekly Update

Dear All###

As per our Previous 18th May report about Nifty Target was 8100-8250-8325 and

in this same report i have mentioned that 7760 should act as firewall for Bears.

After that i have updated the precise support of 7730 in next 19th May report.

What you have seen the rally till Friday is the part of Replica of our 18th May Report.

Read our 18th May report click here

Read our 19th May Report click here

In our 23rd May report i have mentioned that 7790 is the Bullish Trend Reversal and

cautious on 24th May and 25th may and don't show aggression on sell.

Read our 23rd May report click here

we almost Achieved our 2nd Target of 8250,nearly 470 points in Nifty.

What Next??

Now Good News is that Nifty closed above 8200 but bad news is that not closed above 8250.

Now intraday support is at 8190-8145 and Positional support at 8100-8090.

As 6th and 7th is the Potential Reversal Day be cautious on long.

Resistance at 8250-8260-8270/8320-8327 above that Zoom Target(?).

Nifty>>>

Note-Educational Purpose Only.Read Disclaimer.
If time permits i will try to post BankNifty Demand and Supply zone.

Nifty BankNifty EOD update

Dear All###

As yesterday's update post i have mentioned that Nifty Support at 8145.

Today Nifty Low made is 8156.

As BankNifty support was 17350 in yesterday's report today BankNifty low made

17350 exact.It is the Harmonic Motion Example.

Now for tomorrow's Demand supply zone refer Yesterday's Report ,as now change in

Level.

Note-Read Disclaimer.

Nifty BankNifty Demand & Supply

Dear Friend###

Nifty>>>

After Good Rally may Nifty is in time correction mood.

Nifty intraday support at 8145 and Positional Support at 8100-8090.

This correction may be for those who missed the opportunity to be long.But be cautious

at 8090 if Nifty close below on EOD basis. Nifty Resistance at 8250-8327.

BankNifty>>>

BankNifty support at 17350-17225.Cautious if BN closed below 17225.

BN has cluster Resistance at  17600-17650 and 1st Zoom target of 18000.

Note-Educational Purpose Only.Read Disclaimer.