Today will be slightly gap up opening in banknifty. After opening if banknifty sustain above 40550 level then expected further 400-500+ points upside rally. Downside some correction possible near 40450 level upto 40050 level. 40050 will act as the important downside support for today's session. Any major downside only possible below this support level in banknifty.
BankNifty opened with a big gap-up around 41000 and after some consolidation, we saw another good upmove as expected.
Trades we took Today:
> Bought BankNifty 40700 PE at 340 which we booked at cost as there was not much movement in the morning
> Bought BankNifty 40900 CE at 250 which made a high above 1100 and Traders booked great profit in this trade
> Bought...
BANKNIFY has made a new high, so it remains to see if the momentum goes on and how far are the bulls ready to take BNF up after loosing 500 points to the BEARS before closing the day at 41342.
Support and Resistance has been marked.
Watch out for the below mentioned levels to be taken out.
For buying - 41274
For selling - 41138
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Good evening all,
Today: A huge gap up opening almost nullified out entry. However the pull back provided us with an entry at an elevated level moving our SL too. And then, a comfortable 800 points. This, thanks to the support trend line respected and a huge room on top on the hourly chart.
Tomorrow: I have moved from my regular 15m / 30M time frame to the 1H...
Good evening all,
Friday: We saw our long target being achieved and then some more. But we also saw a good movement on the other side to about 38.2% and then settle at 23.6%. Both these being Fib Retracement levels.
Tomorrow: So from here, either it goes up to point 0 or back down to 38.2%.... Both these being our entry levels. That's it.
So;
Long side...
BankNifty opened with a minor gap-up near our Buy level of 40200 and we saw a good rally in the morning, BankNifty saw resistance near 40600 level and fall almost 400 points from the day high.
Trades we took Today:
> Bought BankNifty 40500 CE at 340 and added more at 300 which made a high above 470 and Traders booked great profit in this trade
> Bought BankNifty...
According to my plan, if Banknifty can breakout and breakdown but it will be volatile and hence be careful and trade in half qty bc Nifty and Banknifty are running in opposite directions.
🛑
-Bank nifty trading above all the moving averages those were 21 day, 50 day , and 100 day
- Bank Nifty WEEKLY Pivot is at 38800
🛑 keys Levels to watch out for day traders
- resistance is at 40500 - 40600
-with the stop loss of 40400
- we can see target of 40800
- Support Levels is at 40200-40150
- with SL of 40300
- we can see Target of 39900
if you like...
Bank nifty is near its swing high, it may take a correction or take out the supply zone with the short covering moves.
Here we analyze the PSU bank index, Private bank index, and ICICI bank to see what could be the scenario on Monday.
Today, we have ICICI bank's results which decide the Bank Nifty's run.
In the above...
Today will be slightly gap up opening in banknifty. After opening expected it will continue it's bullish rally towards the 40450+ level. In case banknifty gives breakout of this level and starts trading above 40550 then there will be further strong 400-500+ points movement expected. Downside only possible if banknifty not sustain above 40000 level and started...
Hi Traders,
This video link is all about the perfect analysis for those who are in search of a weekly outlook of nifty and bank nifty with precise levels of support and resistance. If you apply in your trading would be able to know the right direction of trade.
Yogesh Vats
BankNifty opened with a gap-up near 39650 and made a high around 39750 in the first candle, after morning movement we saw a range and volatile moves but in the last 1 hour, BankNifty showed a massive one-sided rally as Kotak Bank moved more than 6%.
Trades we took Today:
> Bought BankNifty 39900 PE at 230 which made a high above 350 and Traders booked great...
EXPLANATION : This is a 15 min time chart of BANKNIFTY . It has been in a consolidate for day's and gave a strong breakout , If BANKNIFTY Retest the Demand zone and taking support I am bullish on BANKNIFTY . If give a strong breakdown and broke its Demand zone with high volumes and retest the same , I am bearish on BANKNIFTY .
If you like the analysis give a...
![BANKNIFTY: [INTRADAY] #BANKNIFTY PE & CE Levels(25/10/2021)](https://s3.tradingview.com/k/krMRvNWT_mid.png "[INTRADAY] #BANKNIFTY PE & CE Levels(25/10/2021)")
![BANKNIFTY: [INTRADAY] #BANKNIFTY PE & CE Levels(22/10/2021)](https://s3.tradingview.com/e/eUCIzyEq_mid.png "[INTRADAY] #BANKNIFTY PE & CE Levels(22/10/2021)")
