🔴As i told that market may took support at all time high swing level 41950 level
🟡Today market took support at 41950 around and then facing resistance at 42230 levels,which is last days fighting levels
🟢Activate your sell orders ofter market brack 41950 levels downside
🛑Think before take bullish orders ofter brack 42230 levels
❤️Please like if it helps you...
it's the make or brack level for nifty as seen on chart.we can short the market after brack of 41200 and will go long after it brakes 42000.
i am not sebi registered broker. take this idea only for educati0nal purpose.
👉 Banknifty took support at last swing low 41333
and brack huge resistance level 41500
👉 Market may open huge gapup above to all time
High and may it came down to take support at
previous all time highlevels 41200
👉 little bit bearish due to. Huge gapup
At all time high
...
👉Banknifty face resistance at 41500 multiple time (it becomes week)
👉 Look like ovrall market bullish
👉 Banknifty form trendline
👉 Enter with half quantity ofter brack trend line
Add another half quantity ofter brack 41500
👉 Target near 41650
Have a happy trading day 🥰
👉Banknifty head and shoulder pattern
👉Base of the shoulder also form at support levels 41200
41200 brack down took half quantity
👉Another support at 41120 if it Brock down build another half quantity
👉Target near 40800
Have a happy trading day 🥰
Ofter a big gapup
Banknifty may faceing aa resistance at or around 42000
Waiting for selling eighter trend line brack out or consolidation brackout
Market may came down for filling tha gap
*ready to selling*
All the best have a great trading day 🥰🥰
SPX fell 2.8% & NDQ 3.88% on friday and the handout to us today morning was not that positive. As expected bank nifty opened gap down 38461 below the support level of 38698. The first candle was bearish, closed down & may have indicated that the rest of the day will be negative.
But what happened in the next 2 candles were the opposite, a hammer the 2nd candle...
Bank nifty opened 39343 right at the resistance line made a long wick 5mts 1st candle. The 2nd candle broke the SR line. At 09.40 after seeing the red candle i assumed BN will trade lower and exited the 39500 iron fly at the cost price.
I was not expecting BN to go up and the 4 candles from 09.45 to 10.00 really surprised me. And all the trade that happened till...
Banknifty opened gap down at 38081 and in the first 5mts candle itself it took out the support line of 37946. There was an immediate bounce somehow giving us the impression that the support was intact, the minor pullback tried to close the gap but lost steam by 10.15.
The fall from 10.20 to 10.45 looked interesting because the support level proved quite important...
Banknifty nutral points 40888to 41067
R1 41248
R2 41478
R3 41837
S1 40626
S2 40289
S3 40000
Important point
1.We are not SEBI registered advisor.
2. Theses support and resistance is for education purpose only.
3. We are not responsible for any profit and losses.
4. Kindly take trade according to your risk appetite.
BANKNIFTY ANALYSIS BY SARDAR G MARKET TRADERS NSE:BANKNIFTY
On daily frame we can see there was bull run but now forming range. Trading in this time is tricky but if at right point trade is taken will be profitable. On 15min candle We have Resistance and Support for intraday level. Once breakdown on 5min candle execute your trade. But there are different methods...
If price action moving like this in 2 hr time frame than we all traders actually find the bullish trade and take a trade according to risk rewards ratio.
I hope you can now see how Banknifty represents an excellent low risk profit entry setup allowing you to trade in the market. Take positions so that the risk/reward is in your favor.
Knowing why, where & when a strong reversal signal is being generated will be the only way to capitalize on your technical analysis .
Disclaimer: It should not be assumed that...
