BANKNIFTY Intraday Trade Setup For 16 Aug 2022
T-39222 39355 39517
T-38821 38740 38650
BANKNIFTY has closed a positive sentiment with more than 0.4% gain. It has closed above the psychological level 39000. Index is bullish till it closes above previous day low. Closing below PDL will be a sign of weakness in...
Banknifty Levels for Tomorrow..
Trend : BULLISH
Sentiment : Positive
Expectation : BULLISH Continuation
Banknifty might open with Small gap up around 39234 -39174 R1 / BULL BO level. Any breakout above BULL BO - we can go long for the Targets 1 and 2 probably it will test 39400
Any rejection around R1/Sell Rev level, Banknifty will test CPR and then it can...
Banknifty has give a strong closing above 39000 level on the weekly time frame with a nice marobuzo candle.
The market on the daiy time frame has given a bullish moving average cross over.
Banknifty is stonger as compare to nifty and has closed above the last swing high. It can remain in the uptrend from close to close basis.
Market is taking a nice support...
Banknifty standing below an extremely strong resistance of 39108.
if banknifty crosses over 39108 then it may reach to the level of 39301. between 39108 to 39301 is
also a strong retracement zone.
between 39108 to 39301 is also an extremely strong resistance zone.
If Bank Nifty crosses over 39301 then it may reach to the level of 39483.
if banknifty crosses...
> The global market marks a neutral start.
> Market nature is bullish. If the market opens a gap up, the market will continue to the rally. The important point here is that the market should not break the previous day's low (Nifty) (Bank - 38813).
> On the other hand, an advancing wave is a supply wave, so watch carefully, if the market experiences a sharp...
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We can see a clear pattern formation.
Its a Descending Broadening Wedge.
Normally Its a Continuation pattern that means earlier market made a top on 18600 and now if price will break this wedge again it will continue the bull rally.
Still there are chances of failure of this pattern.
Today will flat opening in banknifty . After opening if it is sustain above 39050 level and then possible further upside rally upto 39450+ level in today's session. In case banknifty trade below 38950 level it can go upto 39550 level.
#banknifty view for 10th Aug'22:- Absolutely no weakness in the market, any dips must be utilized to build long positions.
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BANKNIFTY Intraday Trade Setup For 12 Aug 2022
BANKNIFTY has closed with a 1.55% gain today. It opened with a big gap up today and headed higher in intraday. 10 o'clock range broke upside and gave very less momentum only about 100 points. Index has closed below psychological level...