The global market indicates a negative start. market nature is neutral to bearish. market may open little bit gap-down. if the market takes a pullback around 38% fib level, then we will expect minor consolidation to pullback continuation. On the other hand, if the market breaks the 38% zone we will expect 3rd correctional wave.
Today's will be gap down opening in banknifty . After opening if banknifty sustain below 41450 level then expected downside go upto 41050 level and this can be extend for downside upto 400-500 points in case banknifty starts trading below 40950 level. in case banknifty starts trading above 41550 level expected upside go upto 41950 level.
Expectations for Today: Range-bound Day. Intraday Levels: Buy Above - 41700 Sell Below - 41200 To motivate us, Please like the idea If you agree with the analysis. Happy Trading! InvestPro India Team
Hello Traders, Welcome to SriTrader5121 BankNifty-21/09/2022-Levels If market open as a GAP-DOWN and moves to UP-Side then BUY with the Support of PDL and SELL with the Rejection of R@1. (or) If market open as a GAP-DOWN and moves to DOWN-Side then BUY with the Support of S@3 and SELL with the Rejection of S@1.
Banknifty Possible Trade in Option Day Trading Support Zone1 (41136 – 41172 ) Support Zone 2 ( 40811 - 40843 ) Support Zone 3 ( 40550 - 40587 ) - Major Support For Nifty Below This Levels You Will See Big Fall in Nifty Resistance Zone 3 - (41544 - 41528 ) - Major Resistance For Nifty
This is just a possibility Nifty Is being pushed up seriously to the highs, One who can understand option chain can see that for the past 2 days not even a single call option is being written, makes everyone believe market is heading UP .. Added few Screenshots for understanding Weekly Time frame SGX Nifty Banknifty
CMP: 2679 - Moved around 40% since the base breakout in May - Traded above 21 EMA during all this time
BANKNIFTY Intraday Trade Setup For 21 Sep 2022 Buy-Above 41680 Sl-41570 T-41840 42015 42205 Sell-Below 41400 Sl-41500 T-41200 40995 40730 BANKNIFTY has closed on a positive sentiment with 1.38% gain. It is at a striking distance from ATH. A fresh upside move will come above 41850. Last day we planned for a directional move above 41200 which came and gave more...
Banknifty standing just below a strong resistance zone of 41421 to 41579. if banknifty crosses above 41579 then it may reach to the level of 41733. between 41733 to 41887 is also an extremely strong resistance zone . If Bank Nifty crosses over 41887 then it may also cross 42041 and may reach to the level of 42191. if banknifty moves down below 41421 then it...
The markets faced second half jitters. Do you feel we are likely to see a volatile Wednesday? Or will we remain rangebound?
When the S&P does a relief rally for one day, our bank nifty thinks its a reversal and shoots up. Look at what happened today, BN opened gap up at 41304 up 400+ pts and then takes out the resistance in the first candle itself. Look at the strength today, the resistance level was never tested, the gap never tested. The bank nifty continued to show the strength...
Hi This is just an continuation update of our previous forecast. So far nothing has been changes in the primary structure, only that wave SC 4 (sc mean short term corrective wave) has been confirmed and most likely we are in wave SC 5. To understand our detailed view and coding style, plz see our past forecast. You can find the link below in related ideas. Thank You
The above levels are to be considered for Intraday trading. Levels shared on the upside and downside is to counter the gap up or gap down openings of market. Please hit the like button if you like the idea. Share you thoughts via the comments if you have any. If you liked the current idea and previous ideas please follow to keep the postings updated.
stock near 53 resistance level so who long in this stock from breakout level ...profit booking may come at this level ..further long side move above only 55 .
AXIS BANK near its long term resistance area ...its took first time resistance in this area in june 2019...after that its try o break resistance again in oct. 2021 but fail to sustain ..now again its hit the resistance level ..my view is clear if its break 875 level and give a weekly closing above on it we go long but if its not happen and we get any nagtive price...
Banknifty is taking resistance from the upper levels and is not holding to the levels. It has formed a doji on the daily closing. Though, it is trading above the 20 ema on the hourly time frame but its not closing above the 41500 levels. Banknifty lost its initial gains in the second half of the trading session and closed below the 20 ema on the smaller time...
Nifty on the daily time frame has formed a spinning top doji. The market has respected our levels and after touching 17920 level the market retraced On the hourly time frame, the market has settle around its 20 ema. Market is not sustaining above the 17900 levels. The market opened around the 200 ema on 15 minute time frame and gained momentum in the first...
add this to your watchlist and wait. midcap stocks are going to boom. long term investment; min 70% return huge potential is there. investment ; if you are intrested in investmet, go for it with small risk, more possibility is there for breakout.