**Bank Nifty:** >Bank Nifty has a bearish sentiment, but RSI doesn't support that much due to the huge pullbacks. So, if the gap-up doesn't sustain, we can expect a range market between 23% and the previous low. After that, if it breaks down, we can expect correction continuation. >Alternatively, if the gap-up sustains above the level of 23%, then we can expect a...
Today will be gap down opening in BANKNIFTY. After opening if banknifty start trading below 51450 level then possible downside rally of 400-500 points upto 51050 Level & this rally can can extend another 400 points if market gives breakdown 50950 level in todays session.Any Major upside only expected in case banknifty starts trading above 51950 level.also possible...
Wave Analysis: Bank Nifty is trading in a range with a bearish bias. It has completed waves A and B and now appears to have entered wave C, suggesting we might see a sharp one-sided (wave 3 of wave C) move in the coming days. Based on wave analysis and Fibonacci extension, Bank Nifty can reach the mentioned demand zones. This view will become inactive if it...
Why Shorting Bank Nifty? Initially we expected Bank Nifty to touch 53500 but wave 5th failed by 150 points. High made 53357. Bank Nifty is entered downtrend by breaking IChimoku TS KS in 1hour and price action levels. CMP: 52641 Entry: 52600 Stop Loss: 52985 Target: 51675 Disclaimer: We are not SEBI registered. The content presented here is based on...
We went through the charts, and since 2022, Bank Nifty has been hitting the 127% extension and then correcting 8-10%. People say history repeats itself, and if this is true, we might see a 5000-point fall in Bank Nifty. This analysis is for educational purposes only. Please do your own analysis before making any financial decisions. Regards, Team WaveMoku
On Thursday, BankNifty opened gap down, broke the previous day's low making a new low at 50559.90, and closed at 50888.75, down by 428 points. The weekly trend (50 SMA) remains positive, but the daily trend (50 SMA) is now sideways. Support Levels: Major Demand/Support Zone (Weekly): 49530 - 50253 Resistance Levels: Near Supply/Resistance Zone (15m): 51317 -...
On Wednesday, BankNifty took support at the 15m demand zone mentioned in the last post (linked in "Related Ideas" below) and bounced to 51512 before closing at 51317, losing 461 points. BankNifty broke the demand zone mentioned previously, and the nearest major support seen on the chart is at 50253, where there is a weekly support zone. The weekly trend (50 SMA)...
NSE:BANKNIFTY ANALYSIS FOR TOMORROW 🔺 ❇️ IMPORTANT LEVELS 🚀 ❇️ SUPPORT: 51500-51000-51680-50000 ❇️ RESISTANCE : 51500-51800-52100-52650 👉🏻 Purple line is a key level, above buying, Below selling. @thetradeforecast 🇮🇳
Today will be gap down opening in BANKNIFTY. After opening if banknifty start trading below 51950 level then possible downside rally of 400-500 points upto 51550 Level & this rally can can extend another 400 points if market gives breakdown 51450 level in todays session.Any Major upside only expected in case banknifty starts trading above 52050 level.also possible...
Bank Nifty: Bank Nifty also has a range-bound structure, so the next movement is expected only if it breaks out of the range. Until then, it may continue within the current range. Due to the market closing within the range, precise levels are difficult to determine. However, if it breaks 52,502, it may continue the correction to a minimum of 51,325 to 51,186....
On Tuesday, during a highly volatile budget session trading day, BankNifty opened gap up inside the 15m supply zone mentioned in the last post and fell 1200 points, making a day low of 51342.65. It re-entered the Daily Demand zone but did not break the bottom of the zone, closing inside with a 502-point drop at 51178.30. The weekly trend (50 SMA) remains positive,...
BANKNIFTY Today will be opening with GUP-UP as I told if the market shows some unsustainability or opens with the GUP-UP market going downside. let's forget to get this talk the main point is that after the BUDGET2024 was published we had some short moves in the downside direction usually I tell you to take the trade with some patience but now today's market I...
Hi All, This idea is about Banknifty BankNifty give a interesting closing exactly at the support made on 11 July at 51750 On the upside, targets of 52000, 52400 & on the downside support at 51350, 51150 Thanks, Stock-n-Shine
Today will be gap up opening in BANKNIFTY. After opening if banknifty sustain above 52050 level then possible upside rally of 400-500 points upto 52450 level & this rally can extend another 400 points if market gives breakout 52550 level in todays session. Any Major downside only expected in case banknifty starts trading below 51950 level.also possible reversal...
On Monday, BankNifty entered the 75m and daily demand zones, bouncing 500 points from the day's low before closing at 52880.40. A decisive crossover above 52750 with volume might lead to a new all-time high. The weekly and daily trends (50 SMA) are still positive. As mentioned in the last post, the support and resistance levels remain the same. Support...
BANKNIFTY Intraday Trade Setup For 23 Jul 2024 Bullish-Above 52450 Invalid-Below 52340 T- 53605 Bearish-Below 51850 Invalid-Above 51960 T- 50980 BANKNIFTY has closed on an absolute flat note today. It opened with a slight gap down and then regained yesterday's closing, after that it was total sideways from 9:45 till 3:30. Also we discussed in the weekend that...
Banknifty prior to the budget day closed flat and there are chances of a trending market owing to the news. On the hourly charts, the market has consolidation after the first hour candle. Consolidation is good to make the break out/ down to travel. Market is trading around the 20 ema and above 200 ema. If the market break below the moving average, trade using MA...
Tomorrow is Budget Day; all of you must be very excited to trade it. Usually, there is not very good price action for such events. The market might take turns from pivotal points marked on the chart. If we look at the chart now: The market is trading near the support zone and support trendline. The market has been consolidating for the last 15 days. If the...