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