Notes 28 Apr 2020

28TH  APR 2020


Watch W wave,H&S,Cup &Handle, RSI patterns in 15,30, 1hr, Daily, Weekly Patterns

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NIFTY CMP 9319 Nifty Daily 20 ema 9104  ---- buy
Nifty 1 Hr 20 EMA 9266----- buy
Nifty 1 Hr 100 EMA 9088---  ( Hold in the money option)

Nifty Fut 1 hr C&H target 9541 ( aggressive buy above 9334)
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BANK NIFTY CMP 20073

Banknifty Daily 20 ema 20201  -- sell 

1HR 100 EMA 19845 ---- buy

Keep PIVOT 20000

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IndusIndBk (cmp 410)

Price rejected from Daily 20 ema 480

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Maruti add shorts below 5000 longs above 5150

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Bajajfin 


hold shorts below 2100  ( multiple support line )

buy above 2200 triangle breakout 

Longs above 2100 short covering may take to 2500 by expiry
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Notes 24 Apr 2020

24TH  APR 2020


Watch W wave,H&S,Cup &Handle, RSI patterns in 15,30, 1hr, Daily, Weekly Patterns

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NIFTY CMP 9313 Nifty Daily 20 ema 9077  ---- buy
Nifty 1 Hr 20 EMA 9196----- buy
Nifty 1 Hr 100 EMA 9109---  ( Hold in the money option)

Nifty Fut 1 hr C&H target 9650 ( aggressive buy above 9334)
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BANK NIFTY CMP 20267

Banknifty Daily 20 ema 20281  -- sell 

1HR 100 EMA 19800 ---- buy

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IndusIndBk (cmp 417)

Price rejected from Daily 20 ema 480


1hr 20 ema 416

Inverse H&S formation in 15 min TF

Buy above 420 for target 441
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HDFC Life C&H pattern in 1 Hr TF

Hold/add longs above 490 target 570 (cmp 495)
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Maruti add shorts below 5000 longs above 5150

Buy with SL 5000 for targets 5376 / 5742/ 6296

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Bajajfin 

5 times support in 1hr TF at 2100 

buy above 2200  ( 1 hr W wave target 2400 )

hold shorts below 2100  ( multiple support line )

buy above 2200 triangle breakout 
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Notes 23 Apr 2020

23rd APR 2020

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Expiry  :

i) Open interest addition is crucial.... after 10 min watch the open interest addition , higher side means take position in opposite direction


iii) Follow 15 Min ST BANK & NIFTY on expiry

9200 Nifty range 9340 // 8914

19750 Bank nifty 21000/20450 // 19100 

if bank below 15 min 100 ema 19700 --> then 19100 possible so nifty 8914 feasible i.e bank 650 dn & nifty 280 dn

otherwise

nifty 9340 but bank 21000 seems distance i.e nifty 150 up & bank 1300 up so bank 20450 i.e bank 700 & nifty 150 possible

closing higher side means  -->
HDFCBank target 945

Indus target 441

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Watch W wave,H&S,Cup &Handle, RSI patterns in 15,30, 1hr, Daily, Weekly Patterns


1 Hr Bearish W wave is in the process of formation Nifty top 9292, Bank Nifty 22150

Nifty Bearsih W wave is active ? Let see ...No positional longs below 9300👍
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NIFTY CMP 9195Nifty Daily 20 ema 9053  ---- buy
Nifty 1 Hr 20 EMA 9108----- buy
Nifty 1 Hr 100 EMA 8979--- Hold positional longs
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BANK NIFTY CMP 19745

Banknifty Daily 20 ema 20286  -- sell 

1HR 100 EMA 19759 ---- PIVOT

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IndusIndBk (cmp 417)

Inverse H&S formation in 15 min TF

Buy above 420 for target 441
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HDFC Life C&H pattern in 1 Hr TF

Hold/add longs above 490 target 570 (cmp 495)
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Maruti add shorts below 5000 longs above 5150

Bajajfin hold shorts below 2100  ( multiple support line )

buy above 2200 triangle breakout 

Notes 22 Apr 2020

22nd APR 2020

Watch W wave,H&S,Cup &Handle, RSI patterns in 15,30, 1hr, Daily, Weekly Patterns


1 Hr Bearish W wave is in the process of formation Nifty top 9292, Bank Nifty 22150

Nifty Bearsih W wave is active ? Let see ...No positional longs below 9300👍
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Nifty Daily 20 ema 9038   ---- sell
Nifty 1 Hr 20 EMA 9089     ----- sell
Nifty 1 Hr 100 EMA 8957 --- Hold positional shorts
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Banknifty Daily 20 ema 20343 

100 EMA 19809 below hold shorts

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HDFC Life C&H pattern in 1 Hr TF

Hold/add longs above 490 target 570 (cmp 495)
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Maruti add shorts below 5000

Bajajfin hold shorts below 2100  ( multiple support line )

Indusind cmp (403) hold shorts below 433 1hr 20 ema

Notes 21 Apr 2020

21ST APR 2020

Watch W wave,H&S,Cup &Handle, RSI patterns in 15,30, 1hr, Daily, Weekly Patterns


1 Hr Bearish W wave is in the process of formation Nifty top 9292, Bank Nifty 22150


Nifty Bearsih W wave is active ? Let see ...No positional longs below 9300👍
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1Hr TF Nifty broken previous resistances at 9024,9129, 9260 & now at 9295

Nifty 9300 above buy for target of 10000 ( but watch RSI divergence)

Nifty Daily 20 ema 9054
Nifty 1 Hr 20 EMA 9205
Nifty 1 Hr 100 EMA 8954  --- Hold positional shorts

Keep eye on 9148 level as pivot as sgx indicating down side
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Banknifty Daily 20 ema 20442 is pivot level now

100 EMA & ST 19844 below hold shorts

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HDFC Life C&H pattern in 1 Hr TF

Hold/add longs above 490 target 570 (cmp 495)

Add option 15 range for target 30.
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Maruti hold shorts below 5151

Bajajfinserv 1hr 100 ema 5017 above target 5676 ( cmp 5016) 

sell below 4800 

go for option range 100 for 200 target

Notes 18 Apr 2020

20TH APR 2020

Watch W wave,H&S,Cup &Handle, RSI patterns in 15,30, 1hr, Daily, Weekly Patterns


1 Hr Bearish W wave is in the process of formation Nifty top 9292, Bank Nifty 22150


Nifty Bearsih W wave is active ? Let see ...No positional longs below 9300
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1Hr TF Nifty broken previous resistances at 9024,9129, 9260 & now at 9295

Nifty 9300 above buy for target of 10000 ( but watch RSI divergence)

Nifty Future C&H Target 9877 once break 9320
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Banknifty Daily 20 ema 20450 is pivot level now

Above 20800 , first target 21500

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HDFC Life C&H pattern in 1 Hr TF

Hold/add longs above 490 target 570 (cmp 495)

Add option 15 range for target 30.
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Reliance resistance 1236 (cmp 1229)

Bajajfinserv 1hr 100 ema 5017 above target 5676 ( cmp 5016) go for option range 100 for 200 target

Notes 16 Apr 2020

16TH APR 2020

Watch W wave,H&S,Cup &Handle, RSI patterns in 15,30, 1hr, Daily, Weekly Patterns


1 Hr Bearish W wave is in the process of formation Nifty top 9292, Bank Nifty 22150

Nifty Bearsih W wave is active ? Let see ...No positional longs below 9300

Expiry  : 16 Apr 2020


Nifty put highest open interest 8500


i) Nifty lower end  8700 upper end 9258

ii) Bank Nifty lower end  18700/18000 Upper End 20170


iii) Follow 15 Min ST BANK & NIFTY on expiry

Notes 14 Apr 2020

15TH APR 2020

Watch W wave,H&S,Cup &Handle, RSI patterns in 15,30, 1hr, Daily, Weekly Patterns

1 Hr Bearish W wave is in the process of formation Nifty top 9292, Bank Nifty 22150

1) Nifty crossed swing high 9038 --> Bullish

Nifty Daily 20 ema 9004 ( weak below 9004)

Nifty 1 hr 100 ema 8774 , Buying C&S formation above 9140 target 10211
watch hr rsi divergence

Nifty Resistance 9140 support 8900,8713

 .... watch 15 MIN ST,20 ema for intra SL last 3 candles low

2)  Banknity swing high 21462  (cmp 19488) 

Bank nifty daily 20 ema 20667

Bank Nifty  pivot 20000, 1hr 100 ema 19675

Buy above 19675 

weak below 19170

3)  Tata steel 1 hr Bullish C&H buy above 293 tgt 346 

    weak below 270 neckline , long above 297

4) Maruti Daily RSI divergence bullish

Maruti buy above 5151 target 6296( 1hr C&H)

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5)Reliance 1 Hr pivot 1146 TGT 1408  ( C &H 1 Hr)

Sell below 1150, Strong sell below 1024 ( C &H 1 Hr violation)

6) HDFC Bank sell below 872 ( 1 Hr H&S) follow 15 Min ST & 100 EMA

7) IndusInd Bank sell below 392 ( watch 100 ema 1hr)

8) Axis bank 30 min Bearish W wave target 307 (cmp 391) sell below 385 sl 20 ema

9) Bajfinance breakdonw below 2100

Notes 13 apr 2020

13TH APR 2020

Watch W wave,H&S,Cup &Handle, RSI patterns in 15,30, 1hr, Daily, Weekly Patterns


1 Hr Bearish W wave is in the process of formation Nifty top 9292, Bank Nifty 22150

1) Nifty 1 hr 100 ema 8742

Nifty Resistance 9140 support 8878,8713

seems 1 hr rsi divergence

 .... watch 15 MIN ST,20 ema (9031), 100 ema

2) Bank Nifty  pivot 20000, 1hr 100 ema 19701
weak below 18667


.......................................

3)Reliance 1 Hr pivot 1146 TGT 1408  ( C &H 1 Hr)

Sell below 1150, Strong sell below 1024 ( C &H 1 Hr violation)

4) HDFC Bank sell below 872 ( 1 Hr H&S) follow 15 Min ST & 100 EMA

5) IndusInd Bank sell below 392 ( watch 100 ema 1hr)

6) Axis bank 30 min Bearish W wave target 307 (cmp 391) sell below 385 sl 20 ema

7) Bajfinance breakdonw below 2100

8) Tata steel weak below 270 15 min C&H neckline , long above 297

Notes 08 Apr 2020

9TH APR 2020

Watch W wave,H&S,Cup &Handle, RSI patterns in 15,30, 1hr, Daily, Weekly Patterns

Expiry  :

i) Nifty lower end  8442/8043 upper end 9054 

ii) Bank Nifty lower end  18000/17150 Upper End 20250

iii) Follow 15 Min ST BANK & NIFTY on expiry


5 Min Bullish W shows targets of 19500 & 8922 in case of +ve .... Valid only above 8800 & 18660

1 Hr Bearish W wave is in the process of formation Nifty top 9292, Bank Nifty 22150

1) Nifty 1 hr 100 ema 8691

Nifty Resistance 8878,9054

Nifty Highest Open interest at 9000 call & 8500 put

 .... watch 15 MIN ST,20 ema, 100 ema


Nifty 15 Min R C&H target 8442 SL 8925 (CMP 8754)

2) Bank Nifty  18668 H & S Neckline & 15 Min ST

15 Min H & S target  17073 SL 19150

Conclusion for Nifty & Bank nifty 

Nifty CMP 8786 

Long above 8800 only for  target  8922 & 9054

Sell below 8700 for target 8442 & 8042 ( Expiry may be around 8500)

Bank Nifty CMP 18941

Long above 19050 only for  target  19500 & 20250

Sell below 18668 for target 18000 & 17150( Expiry may be around 18000)

.......................................

3)Reliance 1 Hr pivot 1146 TGT 1408  ( C &H 1 Hr)

Sell below 1150, Strong sell below 1024 ( C &H 1 Hr violation)

4) HDFC Bank sell below 872 ( 1 Hr H&S) follow 15 Min ST & 100 EMA

5) IndusInd Bank sell below 392 ( watch 100 ema 1hr)

6) Axis bank 30 min Bearish W wave target 307 (cmp 391) sell below 385 sl 20 ema

7) Bajfinance breakdonw below 2100

Notes 07 Apr 2020

8TH APR 2020

Watch W wave,H&S,Cup &Handle, RSI patterns in 15,30, 1hr, Daily, Weekly Patterns

1) Nifty 1 hr 100 ema 8670

Nifty 15 ST 8653

Nifty Resistance 8878,9054

Nifty 8500 put Open interest 1,565,325,  so if 8500 breaks 8350 target

 .... watch 15 MIN ST,20 ema, 100 ema

2) Bank Nifty  18668 H & S Neckline & 15 Min ST

3)Reliance 1 Hr pivot 1146 TGT 1408 (cmp 1211) 

Sell below 1150, Strong sell below 1024 ( C &H 1 Hr)

4) HDFC Bank sell below 872 buy above 918 ( 1 Hr H&S)

5) Auro pharma buy above 419 ,strong buy above 444 (1 hr H&S)

Reliance may hit 1408

reached 1384 on 23/04/2020👍

Bank Nifty target 15833 below 18649

NIFTY TGT 7318 BELOW 8200

TATASTEEL DAILY

TATASTEEL SELL BELOW 255 , but keep a look at RSI divergence