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)

---------------------------------------------------------------

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