Chase Alpha | SEBI Registered IA

2024-03-20 17:13:09 Banknifty Daily Chart
1. It is having 6/7 flat Closing like a Doji in recent Sessions when Trading 600-900 Point Range everyday
2. Overnight Banknifty opens flat in near to previous day range, but Intraday are getting Ghajini moves.
3. Banknifty is just down 1000 points in these session but each sharp downmove has been retraced by 600-800 points killing Late call Writers

What has been strategy?
Avoid entering into Late Shorts at lower levels, wait for bounce as higher levels are getting supply ክፈት / አስተያየት ይስጡ

2024-03-20 08:50:30 NIFTY Medium Term View


https://whatsapp.com/channel/0029VaPMtzWBvvshDnTBvP1K/139 ክፈት / አስተያየት ይስጡ

2024-03-20 06:29:39 Market View 20 Mar

Nifty closed at lowest point of the day with weakness from IT Sector. Morning opening having a bounce which may not sustain and have a pullback

Nifty Support at 21800 and resistance at 22000, Opening moves may be volatile. Closing Session will be Interesting.

Nifty 22000 Call writers have added Huge OI of 1Cr as resistance OI ahead of FED event

Nifty Straddle of 21800 at 205


BankNifty is having expiry and recently many key benchmark expiries keep the index calm.

But its Banknifty and we have to keep wide range of 46000 and 47000

Banknifty 46500 Straddle at 445

Banknifty next support at 45600 on sustaining and break of previous day low.

https://rb.gy/x1o6hk ክፈት / አስተያየት ይስጡ

2024-03-19 11:18:09 Live on Zee Business
Watch our MD & CEO Live on Zee Business in Final Trade from 2 PM ክፈት / አስተያየት ይስጡ

2024-03-19 06:20:32 Market View 19th Mar

Nifty is Trading Rangebound with support in 21800-21900 zone and resistance at 22250-22300 zone

Expiry and holidays next week is squeezing the range to keep it extremely rangebound with no follow up direction, its good to range breakout on either side as market is very mean reverting.

In mean reverting, market is very choppy where low qty is to be Traded with very few trades in the session.

BankNifty is made a new low with spike down till 46000 which is a new support

With Lack of followup of downmove it recoverd 700 points till previous session high with volatility.

Banknifty resistance at 47000-47200 Range.

Banknifty next support at 45600 on sustaining and break of previous day low.

https://rb.gy/ebe07v ክፈት / አስተያየት ይስጡ

2024-03-18 10:11:35 400 points fall and in next few bars 700 points rise, this is way beyond any charts. This is clear signs of distribution and such volatility is going to hurt you badly unless you take lesser trades and with smaller positions. ክፈት / አስተያየት ይስጡ

2024-03-18 10:09:00 Today BANK NIFTY Spot, 5 min price action. Are you seeing how ruthlessly, the market spiked down and cleared all long stoploss and then in very same bar it recovered? And then in next 10 mins it cleared shorts stoploss. This market condition is not normal and you won't be able to survive if you have very big intraday positions. ክፈት / አስተያየት ይስጡ

2024-03-18 08:23:39 Week View

This week is likely to be a very very volatile trading week. We would suggest keeping the position light.

BANK NIFTY is breaking support and NIFTY is still hovering around major support.

A sudden spurt and sudden fall may come, we have a short trading week next week due to holiday as well, so options are likely to lose value very quickly. ክፈት / አስተያየት ይስጡ

2024-03-18 06:33:47 Market View 18th Mar
Market is going into Pre election Mode after announcement of Election Schedule over weekend

Nifty has good support at 21800 and has been following a pattern of remaining weak in first half of the month and closing at high of the month.

Good to watch for market to hold previous low as support in 21800-21900 zone and resistance at 22250-22300 zone

Range breakout on either side will give a fresh extension of upto 400 pts

BankNifty is weaker than Nifty and had a closing below previous weak low which remains to go sideways if Nifty is leading the move with IT

Banknifty range to watch is 46300 and 47200 with next support at 45600 and 47800 on break of these levels

https://rb.gy/xviv5x ክፈት / አስተያየት ይስጡ

2024-03-15 11:35:44 Live on Zee Business
Watch our MD & CEO Live on Zee Business ክፈት / አስተያየት ይስጡ