Like discussed in last post, we are getting signals of weakness in both index, it is better to short intraday or shorter time frame till we get positional signal but at the moment both index are not showing sign of much movement. This reduced volatility is not good, unless there is some +Ve news markets will have hard time moving up, usually this is the time...
Its been while, but BNF is looking at a little bit of crossroads, I would wait for right opportunity to short as we are nearing holiday month for FII. On intraday bases one can take little risk and short below last 30 min candle and positional short below 30500 level aprox, above that market might stay in range as above levels are not held and would end up just...
Banknifty Intraday Analysis || BANKNINFTY
Bank nifty intraday analysis || Sell #BankNIfty
Bank Nifty After making its high at 28000 level. it has started falling down but does it the end or still have some hope in it.? For Shorting Opportunity. If it breaks 27010-27000 levels one can expect it to the new levels of 26200-26100 with an Sl of 28100
Bank Nifty is at a crucial juncture...May be Europe Session can pump in some impetus/direction in the mkts. My Bias is Long for the Short term Good Luck Haribol !
Bank nifty || Intraday #BANKNIFTY
Marked Yellow lines are crucial Support Levels for the Bank Nifty. If Nifty Close above the yellow line, then First target would be around 28600+ If close below the yellow line then the first target is 28067 and close below that will leads to 27700. Kindly avoid buying/selling on consolidated area (Yellow line) Disclaimer: For Education purpose only
Probably Playing S&R, Also 100 SMA is in helping to give a clear trend picture. Falling would be a most likely condition as compared to Nifty 50 but don't ignore the support just below. What do you think ??