#BANKNIFTY Short Term Positional View 13-17th Sep
BankNifty is closing at 36,683, this is the first time in the last 18 months we have back-to-back two weekly closings above 36,000.
This week was more of consolidation after breakout due to a truncated week with low volume.
Last two weeks closing:- As per the data points, 36,000 areas will continue to be a...
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BankNifty opened with a gap-up near its yesterday high and tested a resistance level of 37050. We bought 37200 PE and 37300 PE in the morning and booked both with great profit. BankNifty restated yesterday high and keep going up for the whole day. We also bought 37500 PE at 120 which went to 175 and we booked profit in that Trade too.
BankNifty has given the...
Following are my analysis:
Resistance Level :
1. Good Resistance Zone at 37100-200
2. Strongest Resistance at 37000.
3. Good Resistance at 37200.
4. Strong Resistance at 37500.
Support Level :
1. 36200 is Good Support Level .
2. 36000 is the Strong Support Level .
3. 36500 is Strong Support Level .
4. 36600-800 is Good Support Zone
Bank Nifty expected to open gap up.
Bank Nifty looks pretty bullish, we can expect some possible profit booking today.
Any pull back to support zone of 37445 levels will be a buying opportunity today. After such a big rally yesterday we can expect a possible range bound move, in case if previous closing price sustains and forms
a support then we can again expect...
#banknifty delta view for 15th Sep'21:-
36,500 is the pivotal point on the index.
I tried to find out bearishness in the Index, apologies couldn't find out anything.
Price is clearing saying, it's up and 37,587 is a very much under the radar
Weekly View, which I posted...
Gujarat gas is very bullish stock with major buy on dips. It badly needed a correction and it has corrected for more than 10%. It has formed a bullish bat pattern with reversal zone around 655 levels with a trend line as a dynamic support and 0.5 fibonacci retracement of major swing
Possible reversal levels : 645-655
As you all know Market always respects our levels... So I have marked todays levels. Keep a watch and Trade in Either side of the Market if you see a Breakout or Breakdown... Banknifty Seems to be bullish...
Thanks you for expressing your interest in Trading system that I’ve backtested on Bank Nifty and shared the results over tradingview.com.
A friend has told me about this system and I backtested this manually out of sheer curiosity.
Follow is how this system can be applied and used.
*Step - 1*
Rule : Mark high and low points of first 15 minute movement / candle...
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Today will be flat opening expected in banknifty. After opening if banknifty started trading above 37050 level then expected strong upside move upto 400-500+ points. There have chances of correction from 36950 level. Downside 36500 will act as a strong support for today's session.