Banknifty Daily Analysis

EXPIRY DHAMAKAA!!! BankNifty 44100 PE Rocketed from 14 to 114 in Just 20 Minutes

Hello Friends ! Let us discuss the Expiry Dhamakaa!!  And how BankNifty 44100 PE Rocketed from 14 to 114 in Just 20 Minutes. Before starting, I would urge you to go through Yesterday’s analysis once. For your reference, I am putting one small excerpt from yesterday’s analysis below :

See today’s market. Exactly as predicted, as soon as market broke the 1 hour trendline in yesterday’s analysis figure, it gave an entry opportunity with a short retracement and immediately after came down aggressively taking Stop Losses of buyers and gave our predicted target of 44040 within just 15 minutes.

Expiry Dhamakaa

Notice the above figure. As soon as BNF started coming down, BNF 44100 PE Rocketed from 14 to 114 in Just 20 Minutes. This is the Hero Expiry Move I had mentioned in my last post, that gives explosive profits if one knows how to capture it perfectly. This also I will explain in Advanced Concepts category soon.

What Next?

Even with today’s panic move, BNF has not turned completely bearish. I feel, it would spend another day or two in today’s created range and then it may break either side.

If it breaks 43960 after making price action and with a consolidation, we may see the levels of 43750 and 43470 by early next week. Else after consolidation, it may start making bullish pattern, then we may look for price action. But any bullish entry must be avoided unless market starts trading above 44270.

So, that is for today. We will meet again tomorrow. Till then, Keep Learning, Keep Trading and Keep Winning. Bye Friends.

*In addition to the Disclaimer, I wish to submit that, all the information given here are only for education purpose and I dont give any buy or sell ideas. Investments / Trading in Stock market is subject to market risk and please consult with your financial advisor before taking any position. This blog is created only for expanding my learning through analysis and share this knowledge with my visitors. The writer will not be responsible for any profit or loss directly or indirectly due to the information given in this blog. I do not take responsibility for any information or product link in the pinned comments or in this blog. Hence, please be at your own risk while using/acting on them. Thanks for your support.

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