Nifty Bank IndexShort
BANKNIFTY -1H | What Next?
๐๐ฒ๐น๐น๐ผ ๐ง๐ฟ๐ฎ๐ฑ๐ฒ๐ฟ๐, ๐ช๐ฒ๐น๐ฐ๐ผ๐บ๐ฒ ๐๐ผ ๐ข๐ป๐ฒ๐๐ต๐ผ๐ ๐ง๐ฟ๐ฎ๐ฑ๐ฒ๐ฟ๐!
BankNifty given good movement to our levels posted yesterday. Made good profit in today's trades.
๐ก๐ผ๐, ๐ช๐ต๐ฎ๐ ๐ก๐ฒ๐ ๐?
As BankNifty moving to our previous supply zone (43912 - 43976).
Here are the both side Important Levels:
RESISTANCE: 43976 | Reversal Zone: 43926-44100
SUPPORT: 43815, 43700, 43500
As per open interest Biggest resistance at 44000 and biggest support at 43500
I'm still stick to my previous 3 Interpretations which I posting from Monday. Check my previous posts.
๐ญ. The pattern looks like its going to form a ๐๐๐๐ ๐๐ก๐ ๐ฆ๐๐ข๐จ๐๐๐๐ฅ ๐ฃ๐๐ง๐ง๐๐ฅ๐ก. To complete this pattern it should move up to the 44000 level and then have to reverse.
๐ฎ. Forming a ๐๐๐๐๐๐ก๐ ๐ช๐๐๐๐ ๐ฃ๐๐ง๐ง๐๐ฅ๐ก. Here also the same, the price should move up from the support 43400 level.
๐ฏ. Putting all these pattern aside, the red zone which I drawn on chart is ๐๐ถ๐ฏ๐ผ๐ป๐ฎ๐ฐ๐ฐ๐ถ ๐ฅ๐ฒ๐๐ฟ๐ฎ๐ฐ๐ฒ๐บ๐ฒ๐ป๐ ๐๐ฒ๐๐ฒ๐น. If market moves up and forms a ๐๐ฒ๐ฎ๐ฟ๐ถ๐๐ต ๐๐ฎ๐ป๐ฑ๐น๐ฒ at this zone, I'll update the targets in below comments after confirmation.
Now you may understand that my previous analysis is still active. So, please be stay tuned here and click on follow button.
๐ง๐ต๐ฎ๐ป๐ธ ๐๐ผ๐,
๐๐ฎ๐ฝ๐ฝ๐ ๐ง๐ฟ๐ฎ๐ฑ๐ถ๐ป๐ด...
โ โ โ DISCLAIMERโ โ โ
Please note that trading and investing in the stock market involves risk and may not be suitable for everyone. The information provided in this video is based on my personal experience and educational purpose. You are responsible for your own investment decisions and that I shall not be liable for any direct, indirect, incidental, or consequential damages arising from your reliance on the information provided.
BankNifty given good movement to our levels posted yesterday. Made good profit in today's trades.
๐ก๐ผ๐, ๐ช๐ต๐ฎ๐ ๐ก๐ฒ๐ ๐?
As BankNifty moving to our previous supply zone (43912 - 43976).
Here are the both side Important Levels:
RESISTANCE: 43976 | Reversal Zone: 43926-44100
SUPPORT: 43815, 43700, 43500
As per open interest Biggest resistance at 44000 and biggest support at 43500
I'm still stick to my previous 3 Interpretations which I posting from Monday. Check my previous posts.
๐ญ. The pattern looks like its going to form a ๐๐๐๐ ๐๐ก๐ ๐ฆ๐๐ข๐จ๐๐๐๐ฅ ๐ฃ๐๐ง๐ง๐๐ฅ๐ก. To complete this pattern it should move up to the 44000 level and then have to reverse.
๐ฎ. Forming a ๐๐๐๐๐๐ก๐ ๐ช๐๐๐๐ ๐ฃ๐๐ง๐ง๐๐ฅ๐ก. Here also the same, the price should move up from the support 43400 level.
๐ฏ. Putting all these pattern aside, the red zone which I drawn on chart is ๐๐ถ๐ฏ๐ผ๐ป๐ฎ๐ฐ๐ฐ๐ถ ๐ฅ๐ฒ๐๐ฟ๐ฎ๐ฐ๐ฒ๐บ๐ฒ๐ป๐ ๐๐ฒ๐๐ฒ๐น. If market moves up and forms a ๐๐ฒ๐ฎ๐ฟ๐ถ๐๐ต ๐๐ฎ๐ป๐ฑ๐น๐ฒ at this zone, I'll update the targets in below comments after confirmation.
Now you may understand that my previous analysis is still active. So, please be stay tuned here and click on follow button.
๐ง๐ต๐ฎ๐ป๐ธ ๐๐ผ๐,
๐๐ฎ๐ฝ๐ฝ๐ ๐ง๐ฟ๐ฎ๐ฑ๐ถ๐ป๐ด...
โ โ โ DISCLAIMERโ โ โ
Please note that trading and investing in the stock market involves risk and may not be suitable for everyone. The information provided in this video is based on my personal experience and educational purpose. You are responsible for your own investment decisions and that I shall not be liable for any direct, indirect, incidental, or consequential damages arising from your reliance on the information provided.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.