Tuesday, March 22, 2016

NIFTY AND BANKNIFTY OUTLOOK FOR 23rd March 2016

Posting 10 minute wave counts for both NIFTY and BANKNIFTY from 29th February 2016.

Covering A B C for both.

Below are the links for both charts

NIFTY 10 mins Chart

BANKNIFTY 10 mins Chart


16 comments:

  1. Hi Abhishek, If I understand this chart you are highlighting 7714 spot is a major resistance right ?

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    1. Madhavi: As per my previous blogs also....NIFTY should reverse from 7714-7730 zone.

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    2. Hi Abhishek. Where are you seeing the expiry levels this month. I have sold 7600 7700 and 7800 call. So any close below 7600 will mean profits. Please let me know your views.

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  2. Sir I salute to your confidence. Can we buy april 7500 put for 2-3 times return.

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    Replies
    1. Neeraj: I think yesterday was the best time to buy puts....Monday we should open down and continue our journey for downwards....

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  3. Sir u mean direct from here ???

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  4. To 52 weeks low in both nifty n bn ??? I'm still holding my shorts in both.wats ur suggestion den,wat rate if comes down I shd cover them

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  5. Neet: Yes but in April Expiry....for new 52 week low....from here only.....please share your positions with me.

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  6. Sir I salute to your confidence. Can we buy april 7500 put for 2-3 times return.

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  7. What if exactly opposite happens on monday, chances of which can't be negated at this very moment. Then Abhishek sir, any counter strategy in ur box...???

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    Replies
    1. Neeraj: Let Monday Come...as of now SGX Nifty is showing Negative -76

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  8. Sir I'm holding short in nifty @7380 n bn @15100

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    Replies
    1. Neet: Thanks for sharing your positions.

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    2. Sir is it ok can I be in profits in both nifty n bn shorts till d end of d April expiry n plz kindly do let me knw wen can I exit from these positions

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  9. Nifty path 7860-7400-8000. Expiry perhaps at 7653

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    Replies
    1. Ajay: Thanks for the update....i would request you to stick to your analysis.

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