Wednesday 22 April 2020

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 


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