Get started

BAN

Nifty daily analysis for 13/09/23.After a gap up opening, there was a profit booking and market consolidated as it has already stretched alot and it may take a halt or market may become volatile. On the hourly charts, there was profit booking in the first hour and market remained inside the candle whole day closing almost flat. Nifty has hit a new ATH and there should be a halt or a retracement before carrying on with the bullish momentum. Markets can't just go up without any rest or retracement and after a movement there will be a sideway to volatile market. Watch the market to consolidate or retest the lower support levels. On 15 minute time frame, market has near to the 20 ema and is taking resistance from the round number figure of 20k. Support :- 19920-50, 19860 Resistance :- 20020, 20110(ATH) Wait for the price action near the levels before entering the market.
NSE:NIFTY
by Mambotrade
Banknifty weeky expiry analysis for 06/09/23.Banknifty weekly expiry has changed from thursday to wednesday. Option trades watch the option premium as they will expiry tomorrow. On the daily charts, market has again tested the 20 ema and has formed an inside candle. Market again after a gap up opening came for selling and closed 65 points lower. On the hourly charts, it tested both the moving averages and recover touching the lower one. The market in the second half didn't gave any move and created volatility. Banknifty has consolidated in a range of 2 trading session and tomorrow being it expiry, it can give a nice move. Be watchful as Indian Vix is still on the lower side trading around 10. It traded around the 20 ema, on 15 minutes, and closed just above the level. Support :- 44250-44440, 44100 Resistance :- 44650, 44750, 44910 The big zone on 100 points on the lower side is crucial as it has been giving support to the market. Let the market break this zone, if you wanna go bearish. Wait for the price action near the levels before entering the market.
NSE:BANKNIFTY
by Mambotrade
Banknifty weekly analysis for 04/09/23.Banknifty has been facing rejection from 38.2% fibonacci levels and this week also it has retraced after touching the level. Though, the market has travelled around 44800 levels but couldn't sustain the levels and has closed below 44500 level. There is another doji on the weekly charts and the market is still not showing some conviction of the trend. There was a constant struggle in crossing 20 ema on the daily charts and still the market has closed near the level. There is a bullish engulfing candle and many time banknifty has reversed after testing 44000 levels. On the hourly chart, there is a struggle in crossing 200 ema and has closed between both the moving averages. There are chance of a bullish move this week as there is a G-20 meeting. The market will take a little pull back as the it has travelled a lot in one direction. On 15 minute time frame, market has closed above both the moving averages and has retested the support level of 44350 after a rejection from 44570 levels. There are chance of moving going bullish even after a gap up opening as the retracement is done. Support :- 44350, 44080 Resistance :- 44570-90, 44910 Watch for a trending move in the market as a good consolidation is done and a nice break out can be seen. Wait for the price action near the levels before entering the market.
NSE:BANKNIFTY
by Mambotrade
TRADING PLAN FOR NIFTY AND BANK NIFTY FOR 17-01-2022LEVELS 29-11-2021 NIFTY RES- 1. 38400 2.38600 18267 3.-------- 18340 SUP-1.38225 18200 2.38040 18126 This channel provides Nifty and Bank Nifty analysis and provides swing trades for equity. The channel is also a provider of technical knowledge on technical analysis. This is merely a recommendation channel, so please do your own analysis as I am not a SEBI registered analyst. Please support the channel by liking, sharing and subscribing. Regards Maverick Trader #maverick #trader #mavericktrader #india #nse #bse #stock #markets #stockmarkets #trading #investment #nifty #banknifty #bank Channel run by K.G. Varoon Dhruv Shah
NSE:NIFTY
by maverick_trader2002