BANKNIFTY
Bank Nifty: Intraday Demand and Supply ZoneBank Nifty may be strong in the coming days.
It's a good sign if it will sustain above 19000-19300. Next resistance is 19650-21800.
Data formation is also positiv in Bank Nifty.
ICICI BANKIt is attempting a breakout as per Ichimoku in hourly time frame, which also happens to be a weekly resistance. If it manages to give an hourly close above 335 then it could test 370 and above that 425. View would negate below 315
Bank Nifty: Intraday Demand and Supply Zones-- In the last half an hour BNF managed to close above its major supply zone @ 18450-19000. Tomorrow if it manages to sustain above this zone then it may jump 600-900 points and may test its next supply zone @ 19600-19900.
-- Demand Zones: 18400-19000
-- Supply Zones: 19600-19900
Bank Nifty: Intraday Demand and Supply ZonesNifty closed below its demand zone @ 81120-8165. Once it sustains below this zone on Tuesday then it may test its next demand zone @ 7750-7050.
Carried short position in option because it will get the benefit of 3 days time decay.
tgram a t swapniltradingroom
Bank Nifty: Intraday Demand and Supply ZonesBank Nifty major demand zone @ 17500-17600. If it sustains below this zone it may test it’s next support @ 16650 and demand zone @ 15300-15600.
If it will manage to sustain above it’s demand zone then I may see OTM call and put.
Bank Nifty: Intraday Supply and Demand ZoneBank Nifty closed below its major supply zone @ 19300-20000. This is also an important zone on the weekly and monthly charts. Now sustain below this zone Bank Nifty may test its next demand zone @ 17500-17800.
Bank Nifty: Intraday Demand and Supply ZonesYesterday Bank Nifty closed above its supply zone @ 17800-18360. Today if it will manage to sustain above this zone it may test 19100-19400. There is less probability to sustain below this zone. 19750-20230 is a short term major supply zone.
Bank Nifty: Intraday Supply and Demand ZonesBank Nifty closed above its demand zone @ 16700-16800. Once it sustains below this zone it may test its next support @ 16300 and 15500.
On the upper side if it will hold 16800 zones then again it may test 17500-17600 zone.
Finding bottom after big crashV shape recovery not possible after such a big crash , It will go through flat or triangular wave formation. As per my knowledge it will take at least 7 week to confirm , either reversal or continuation .
Bank Nifty: Supply and Demand Zones22970-22330 is a demand zone. Once It will sustain below its upper zone level then it may test 22330 which is a lower level of this zone. On the upper side, 23440-23570 and 24250-24500 are supply zones.
Bank NiftyBank Nifty has attempted a bounce today after testing 62% retracement of its move from FEB 2016 low. For it start a meaningful rally it 1st needs a consolidation which could happen between 26000-22500. Failure to hold today's low opens the passage for 19000. A downtrend halts & changes 1st with swings then an uptrend starts, whichever time frame you look at it. If its V shape then be prepared that its a trap. RBI's move yesterday (Dollar Swap) to provide liquidity is a +ve indicator
Is 27000 level in Bank nifty will come screen tomorrow?Last day Bank Nifty closed in its supply zone @ 26400-26470. Also, this is a middle zone if it’s a major supply and demand zone. If Bank Nifty will manage to sustain above this zone then it may test its next supply zone @ 26800-27050. Sustain above 27050 it may test its next supply zone @ 27150-27300.
I am expecting one bounce and don't think so Bank Nifty will sustain below 26400 but if it will sustain below 26400 then again it may test 26000-26100.
tgram a.t. swapniltradingroom
