Banknifty Near Crucial Level plus Double EMA Support Prefer to go long by shorting PE option with Market Adjustment Levels. HDFC & AXIS Banks Showing Some Good Delivery based buying can pull BN with MOMENTUM
Resistance Level: 39614.25 Support Level:39110.85 If candles are sustaining or break above resistance level , we can expect upside move and the targets will be fib retracement levels as per chart If candles are sustaining between resistance and support levels, consider as neutral If candles are sustaining or break below support level , we can expect downside move...
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...
NSE:BANKNIFTY Observations: 1) On 1D TF we can see for recent down trend it has covered almost 50% of that move as per FIB retracement. Please refer below chart : 1D time frame. ------------------------------------- Trade Setup for 07-10-2022 1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge...
Banknifty might go for sell after bearish flag break.
NSE:BANKNIFTY downtrend prediction with analysis based on support/resistence levels and demand /supply zones, so far #banknifty has followed the levels accurately, if it keeps respecting the zones and levels, we can expect a nice down trend for shorting BNF.
As discussed day before y'day bank nifty opened higher closing near resistance level for the day with expiry near 39300 as expected. Over all trading was range bound throughout day with options giving limited movement. Option sellers got in profit before lunch itself. Decision range 39318-39420 Resistance for the day 39511 Support for the day 39129...
another hit day plz like,boost to appreciate our ideas== #banknifty call above 39220 tgt-39400\39800 #banknifty put below 38800 tgt-38500\37000 sl keep 100 points atleast #banknifty form a support base check verify calls with google ,don't trape in big group, free fake calls.
BANK NIFTY ! NSE:BANKNIFTY Disclaimer : You are responsible for your Profits and loss, Shared for Educational purpose!
Broader Market Analysis, (Banknifty, NIfty, Dollar Index, TVS Motor)
good consolidation breakout could be testing previous high
Banknifty may open near 39450-500. If banknifty directly touch 39771 then avoid buying in between these. If it retraced back towards shadded zone then one can take entry. As banknifty is bullish so we can take buy trade at proper area. Banknifty Future buy above 39352, Target 39440,39541, 39771. 39772 is a danger zone. Banknifty can reverse from here. so we have...
Expectations for Today: Volatile day. Intraday Levels: Buy Above - 39260 Sell Below - 38800 To motivate us, Please like the idea If you agree with the analysis. Happy Trading! InvestPro India Team
The global market indicates a positive start. Market nature is bullish to slightly bearish. if the market forms a solid opening structure, we will expect the rally continuation. Minimum, it will reach 61%. On the other hand, On the other hand, if the market rejects sharply from 50% to the ext level, it is a sign of 5th correction wave. We will expect min 38 to...
Today's gap up opening in Banknifty. After opening in banknifty sustain above 39050 level then expected upside go up to 39450 level and this can be extend for upside upto 39950 points. In case banknifty start trading below 38950 level expected downside go up to 400-500 points.
Market Outlook is clearly bullish, especially with Bank Nifty daily candle making a close above 10 EMA. Now the focus is to identify whether this trend would keep going up or have a pull back to 10 EMA again before continuing the uptrend. (Later has a higher chance of happening.) - Charts : Bullish (Crossed 10 EMA in daily chart.) - OI Data : Inconclusive...
BANKNIFTY Intraday Trade Setup For 6 Oct 2022 Buy-Above 39180 Sl-39065 T-39413 39731 40040 Sell-Below 38875 Sl-38985 T-38570 38277 38000 BANKNIFTY has closed on a positive note with 2.84% gain. After our short trade's (40280-37850) tsl was hit in index @ 37850 since then index has started recovery. Hourly swing high 38811 was broken on 4 Oct, this has...
NSE:BANKNIFTY Giving some big range levels in case if there is big gap up/down opening. Trade Setup for 06-10-2022 1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action. 2) Everything is mentioned on the chart. I hope it is easy to understand. 3) All the levels will work as support,...