BNF OK 29 Apr.jpg
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Observing this via Oliver Kell's framework.
FTU CHART
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BNF OK UD 1 29 Apr.jpg
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Damn!
Waiting to see if this is Exhaustion extension or we can get another Base n Break here!
Caution needed
Waiting to see if this is Exhaustion extension or we can get another Base n Break here!
Caution needed
Tomorrow we will have our ⚠️
Finnifty and Banknifty expiry!
Wednesday ko
The Market is Closed
Finnifty and Banknifty expiry!
Wednesday ko
The Market is Closed
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FTU CHART
BNF Prognosis 30 Apr.jpg
Today's sprint towards ATH was quite a departure from the crawling move during the last ATH. Today was a reminder of BNF's volatile nature: quick and intense. The initial dip followed by a sharp upswing caught many off guard, leading to a relentless, almost uninterrupted upward trend marked by an elongated triple distribution profile—a clear representation of OTF up. As expected, TPOC, VPOC, and Value area all climbed higher.
Tomorrow's behavior in the BNF market will be captivating to watch. Will it sustain its impressive upward momentum, marking the 7th day of an imbalance move? Or will it, after such a significant trend, establish a new balance area? With the monthly closing and weekly BNF and Finnifty expiry , I'm prepared for any twists and turns that may arise.
Traditionally, when assessing potential upside targets, we rely on historical liquidity zones from the past. However, in the context of an ATH, there's no prior supply or information available. Therefore, extrapolating using Fibs, we anticipate that if BNF manages to maintain its position above 49500, we could witness a move towards approximately 49850.
Conversely, on the downside, the singles zone spanning from 49240 to 49050 could provide buying support, as trapped shorts in this range may seek to square off their positions. However, if this zone is breached, support may be found in the 48800 to 48600 range.
As we navigate this uncharted territory of a new ATH, exercising cautious optimism and strategic planning will be paramount.
Tomorrow's behavior in the BNF market will be captivating to watch. Will it sustain its impressive upward momentum, marking the 7th day of an imbalance move? Or will it, after such a significant trend, establish a new balance area? With the monthly closing and weekly BNF and Finnifty expiry , I'm prepared for any twists and turns that may arise.
Traditionally, when assessing potential upside targets, we rely on historical liquidity zones from the past. However, in the context of an ATH, there's no prior supply or information available. Therefore, extrapolating using Fibs, we anticipate that if BNF manages to maintain its position above 49500, we could witness a move towards approximately 49850.
Conversely, on the downside, the singles zone spanning from 49240 to 49050 could provide buying support, as trapped shorts in this range may seek to square off their positions. However, if this zone is breached, support may be found in the 48800 to 48600 range.
As we navigate this uncharted territory of a new ATH, exercising cautious optimism and strategic planning will be paramount.
FTU CHART
Usha Martin Udega sl aaj ka low kafi hai Let's see
Usha Martin
Udd gaya na😂
Check price time all things
Udd gaya na😂
Check price time all things
FTU CHART
BNF 02 May prognosis.jpg
"Abki baar 50 hazaar!" Almost seemed within reach for BNF today, but the allure of the big 50,000 might have tempted many latecomers to enter the market, only to suffer significant losses as BNF swiftly reversed course from its pause at 49975 levels, shedding over 700 points in a flash! Despite the drama, BNF managed to establish a PPOC at 49500 levels, with the Value area, VPOC, and TPOC all moving higher.
Tomorrow promises to be a tricky day, with the narrative likely influenced by events unfolding tonight. First, crude oil has dipped below $80 for the first time since mid-March, indicating potential weakness in the market which will have positive sentiments Indian bourses. However, the unpredictable nature of Middle Eastern geopolitics adds an element of uncertainty. Second, the FOMC meeting and any commentary on interest rate movements in the US could have significant implications for global markets.
Setting aside these macro events and focusing purely on the market profile, the region around 49500 (the PPOC area) will be pivotal for any upward movement. PPOCs often act as major support or resistance levels, depending on the direction of price movement. Therefore, any open and sustained movement above this level keeps the target of 50,000 within reach. Conversely, sustaining below 49500 may find support around 49200 - 49080 levels.
Tomorrow promises to be a tricky day, with the narrative likely influenced by events unfolding tonight. First, crude oil has dipped below $80 for the first time since mid-March, indicating potential weakness in the market which will have positive sentiments Indian bourses. However, the unpredictable nature of Middle Eastern geopolitics adds an element of uncertainty. Second, the FOMC meeting and any commentary on interest rate movements in the US could have significant implications for global markets.
Setting aside these macro events and focusing purely on the market profile, the region around 49500 (the PPOC area) will be pivotal for any upward movement. PPOCs often act as major support or resistance levels, depending on the direction of price movement. Therefore, any open and sustained movement above this level keeps the target of 50,000 within reach. Conversely, sustaining below 49500 may find support around 49200 - 49080 levels.