497+ ~5.5% in 2 day after activation

Active could be bought at cheaper price

BNF 08May prognosis

BNF opened near the previous day's close, initially moving up and crossing the 49000 mark. However, the bullish momentum was swiftly halted by bearish pressure, leading to a sharp downturn and an OTF down scenario. Although the I period briefly broke the OTF, it seemed more like a maneuver to clear the ledge formed by E, F, G, and H period highs matching at the same level. Such ledges often attract short-term players who trade mechanically at visual levels, making them vulnerable to stop runs. As anticipated, the subsequent flourish in the I period triggered quick short-covering, but the momentum quickly dissipated, resulting in BNF revisiting the day's low.

Once again, a triple distribution pattern emerged, with a notable singles zone spanning from 48800 to 48600, followed by another at 48500. During the second half of trading, the price primarily rotated between 48500 and 48200, leading to a migration of the point of control (POC) and volume point of control (VPOC) downwards, along with a shift in the value area lower. The establishment of a poor low at 48200 suggests that this reference point is likely to be breached tomorrow, potentially finding support at 48000, 47600, and 47450 levels in case of further downward movement.

For potential upward movements, the previously robust support levels are expected to act as equally formidable resistance zones. Therefore, it's crucial for BNF to open and sustain above 48200 to initiate any upward trajectory. Upon sustaining above this level, the first line of resistance is anticipated at 48500, followed by the large singles zone (48800 - 48600), which may require strong bullish momentum to clear.

With BNF expiry scheduled for tomorrow and the release of SBI results expected during market hours, anticipate heightened volatility and potential fireworks in the market.

WIPRO FUT Strong above 468.1

HDFC FUT WEAK BELOW 1496

HCLTECH FUT WEAK BELOW 1336

RELIANCE FUT Weak below 2802

NIFTY FUT Weak Below 22330

Gls

20sma ke pass aaisa kya hai Jo itna hold kar rahe ho ....😂

Sl below 20sma

Go long .....

#IntraDay Setup Hindustan Unilever Strong Above 2348

IntraDay Setup ICICIBANK Strong Above 1128

#INTRADAY SETUP DALMIABHARAT Strong Above 1781

#IntraDay Setup Lauras Lab Strong above 437

BNF Prognosis: 09 May

BNF started the day with a lukewarm tone, trading below the previous day's range. Attempting to breach the 48200 level during the first hour proved unsuccessful, leaving behind an AB poor high and subsequently a AB poor low. Although there was a brief bounce back, the momentum faltered as B period failed to surpass the high set by A period. Subsequently, a sharp downward move in the C period pierced through the AB poor low at 48030, leading to a swift decline towards 47800 levels before experiencing a bounce and transitioning into an OTF up phase. The following rotations were confined within a narrow range of 150 points until a sharp down move in the I period pushed the price down further, settling within the 48100 to 47950 range.

The most notable short setup unfolded during the H and I periods, characterized by the development of a ledge at 48030 levels where the lows of A, B, and G periods were stacked. Such structures often attract short-term traders who trade based on visual references, leading to a spike that triggers stop losses. This was evident in the I period, where a sharp down move of over 200 points breached the ledge, catching bullish traders off guard and preventing a recovery in the remaining session.

The failure of BNF to clear the 48200 level indicated weakness, suggesting a lack of stronger buyers. The formation of an AB poor high further reinforced the notion that sellers were dominant in this zone. Market-generated information within the first 60 minutes signaled caution for long positions. Overall, the value migrated downwards, with the volume point of control (VPOC) and time point of control (TPOC) also shifting lower. The intense rotations facilitated the development of a prominent point of control (PPOC), representing a significant support/resistance zone depending on the direction of the price movement.

For tomorrow, the key level to watch is 48050 (PPOC). Holding above 48050 and signaling acceptance would target the AB poor high at 48200. A break and hold above 48200 would indicate a shift to an OTF up phase, with targets at 48350 and 48500. Conversely, a break and hold below 48050 would target the pullback low at 47850. Acceptance below 47850 would then target the 47800 to 47600 levels

1307

Gapdown Open , Low 1472

Active Trade