Interesting

Both CE and PE going up

Kscl
#swing

Volume+ near it's resistance level

Above orange targets as shown🤞

Trading in derivatives . A committee has proposed sebi for taking an exam to know the risk involved and then also by knowing risk appetite of customer through kyc ..
It's just proposed.. 1st ho to ki issue nahi , second na ho..

Trading in derivatives? Get ready to show your grades https://www.livemint.com/market/stock-market-news/trading-in-derivatives-get-ready-to-show-your-grades-11713358664829.html

Jab aapka broker aapse feedback maange , usko suggestion do apne hisaab se app change karwane k . It works I have done it before in angel and zerodha before and doing it again

NIFTY : SUPPORT & RESISTANCE

#NIFTY

On Friday 19.04.2024
last traded price 22147

Day's Trade range :
21777.65 low
22179.55 high
Nifty had a huge 400 points trade range .


Technical set-up:

Nifty for a short time period broke the channel trendline support on Friday and at the end of the day had a strong recovery to close into the rising parallel channel pattern.

Strong cap at 22327
(upside)
Strong cap at 21990
(downside)

Trend decider price zone closing basis:

21990 below 🐻
22327 above 🐂

Supports:

22080
22045
21996
21910
21800
strong weekly support 🚧

Resistance:

22222
22280
22327 Strong weekly resistance🚧
22431
22501


Trade set-up :

Buy above 22222
Keeping stoploss as
22180 (intraday)
22145 (positional)
For targets 🎯
22245 / 22280 / 22327
(intraday 🎯)
22368 / 22431/ 22501
(positional 🎯)

BANKNIFTY : SUPPORT & RESISTANCE

#BANKNIFTY
#NIFTYBANK


▫️On Friday 19.04.2024
last traded price 47574.15
▫️Day's Trade range
46579.05 low
47668.70 high
▫️Bank Nifty had a massive 1000+points range move

◻️ Technical set-up:

Banknifty exactly took support at parallel channel trendline support on Friday and had a good bullish reversal .

▫️ Supports:
47380 intraday support
47275 strong weekly support 🚧
47060
46780
46540

▫️ Resistance:
47666
47750 strong resistance 🚧
47905
48095
48250
48500


▫️ Trend decider price zone on closing basis :
47750 above 🐂
47275 below 🐻

◽ Trade set-up :

▫️buy above 47666
Keeping stoploss as
47530 (intraday)
47380 (positional)
For targets 🎯
47750 / 47830 / 47905+
(Intraday trades targets 🎯)
48095 / 48245 /48500+
(Positional trade targets 🎯)

BNF 22nd April prognosis

BNF kicked off the last Friday with evident weakness, opening roughly 400 points below the previous day's close. Yet, it discovered solid footing around the 46600 mark, establishing the day's low before embarking on a sustained OTF up move throughout the session. Spanning a range of approximately 1100 points, BNF offered a glimmer of hope to bullish sentiment amid a backdrop of significant news developments. While some observers speculate that this could be an opportunity for bulls to offload and bears to reload, our focus remains keenly fixed on intraday movements amidst the ongoing influx of news.

Looking ahead to tomorrow, maintaining a position above 47400 will encounter its initial challenge within the single zones residing between 47855 - 47900, where trapped longs may seek to exit their positions, resulting in potential supply. Should this zone be breached, the subsequent resistance lies around 48000, followed by the significant gap from April 15th, positioned between 48270 - 48470 levels.

Conversely, should BNF struggle to sustain above 47400, it may discover support from trapped shorts clustered around 47060 - 47185, likely seeking to cover their positions. However, it's worth noting that such trapped shorts may swiftly retract their bids should sustained downward momentum be perceived. Consequently, support within this zone should be approached cautiously, with the subsequent significant support levels resting at 46780 - 46600. If BNF fails to surpass 47900 on the upside or below 47400, anticipate rotational movement within this zone.