Bank nifty All time high coming '? 43 K soon

Nov 6, 2022

How are you all doing?

Week after week we have been sharing our levels of Bank Nifty correctly and I am proud to tell you that we have accurately analyzed the levels. Like always we will review the levels for the bank nifty for last week to get to our levels of next week.
Friends bank nifty is in a very critical zone. This is bank nifty chart on the one hour time frame. Now while doing analysis I will take you back to 24 October levels. Bank nifty was sustaining the levels of 41,000 levels. Bears tried to break these levels thrice but failed and we saw a sharp buying interest at the levels of 41,000. Friends I always tell that trading is game of levels only. From these levels we derive our trading range.
So, if you see we have sustained 41,000 levels and are moving in range between 41,000 levels and 41,800 levels on the daily time frame.
Most of the consolidation during the last week has taken place between the higher ends of the range between 41,200 to 41,500 levels. Now this is a very strong indication that bank nifty will hold on these levels and sustain a strong zone of demand at 41,000 levels. As per the teaching of technical analysis if we are concentrating near the higher range of resistance that is presently at 41,800 levels, the breakout will be towards the higher range of the resistance above 41,800 levels.
So what will be my trading plan for next week? Let’s see analyze that.
Now for the bullish trades in bank nifty, I expect bank nifty to open gap up at 41,560 levels and sustain the levels of 41460 levels and take support at these levels. For bullish trades, my target will be 41,850 levels.
So on Monday, I will take a bullish trade once bank nifty hits 41,460 levels with a target of 41,800 / 41850 levels. At 41,800 levels which is a zone of resistance I will book gains in my longs and wait for a closing above 41,850 levels on daily closing basis. Yes, once near the day closing if we sustain above 41,850 levels I will take a BTST trade of 41,800 Call option for next day – Tuesday. As at this levels on daily closing basis I expect bank nifty to open gap up on Tuesday at 42,100 levels.
Where I will book my BTST gains for the day. Once we sustain above these levels we will SEE a LIFE TIME HIGH IN BANK NIFTY. ARE YOU READY FOR THAT?
The stop loss for a bullish trade will be 41,180 levels. So a good risk reward ratio trade setup.
I will maintain a bearish view only below 41,000 levels on daily closing basis. If we break below these levels then our next target will be 40,600 and thereafter 39,900 levels. These are in case we break below 41,000 levels on daily closing basis. The stop loss for bearish trade will be 41,200 levels. So friends I have shared my trading levels for the next week. Now it’s your turn to tell me whether we will hit all time high or 39,900 levels.

Nov 12, 2022

Trade closed: target reached

we analyzed correctly that we will hit an all time high in the markets
and the same we have hit now