Today will be gap up opening in BANKNIFTY . Expected opening above 43550 Level. After opening if banknifty sustain above this level then possible upside rally of 400-500 points upto 43950 level And this rally can extend for another 400 points if it gives breakout of 44050 level. Any Major downside only expected in case banknifty starts trading below 43450 level.
The global market indicates a positive start. market nature is slightly bullish to neutral. The market may open a gap-up and if the market declines after the gap, we expect a minor correction. It takes a minimum 23 to 38% correction wave. On the other hand, if the opening market declines sharply, it will take correction mode, it may take 38 to 50% fib correction.
BANKNIFTY Intraday Trade Setup For 9 Dec 2022
T-73755 43872 44050
BANKNIFTY has given a very strong closing today. It has closed with 1.15% gain. Now important support is 42900 in hourly TF. Below this we can see a profit booking. Last day it was clearly told that we have been inside a tight...
Banknifty Chart Pattern Analysis 8 Dec
Banknifty actually starts from the support line
market is Bulish as per the chart
please be careful before trade .. Avoid "One More Trade" ... Story of a successful Trader.
What a rally today ! Contrary to the chart pattern which indicated the market may fall - the news event took priority & changed the sentiment all over.
Bank nifty opened inline at 43142 made an indecisive 5mts candle and from the next candle onwards the rally started. The resistance was taken out at 09.40 and then there was no stopping.
BN made higher highs and...
Banknifty future may open flat. Below 43250, it may touch 43190 and if it breaks and sustains then it may touch 43050, 42900, 42750. If Banknifty future sustains above 43430 then it may touch 43530 & 43800.
As per open interest, 43300 call, 43200 call & 43000 put added more open interest. If OI is not changed throughout the day, we can expect another range-bound...
The global market indicates a neutral start. the market nature is neutral to slightly bearish. the market may open flatly, also both patterns say neutral sentiment. So we will take a position after the pattern breakout. If the market breaks upside, then we will expect a minor pullback. after the pullback market sustains, then we will expect pullback continuation...
The global market indicates a positive start. the market nature is neutral to slightly bullish. if the market breaks the previous day high, then we will expect a rally continuation. On the other hand, if the market breaks the previous day closing price, then we will expect the range-bond market to correction continuation.
BANKNIFTY Intraday Trade Setup For 8 Dec 2022
T-43377 43537 43713
T-42790 42630 42480
BANKNIFTY has closed absolutely flat today. RBI event was scheduled today . There was sharp up move then a larger slide from top then it turned sideways. Buy triggered as per trade setup and gave almost 120 points gain which...
INTRADAY/ Short term delivery call as well
All levels given in charts ...
IF good potential seen then we work in options also if activate then possible a huge movement Keep eye on this ...
We take trade only when it activates...
Possible to give good target
Today will be a flat opening in BANKNIFTY. Expected opening above 43050 Level. After opening if banknifty sustain above this level then possible upside rally of 400-500 points upto 43450 level And this rally can extend for another 400 points if it gives breakout of 43550 level. Any Major downside only expected in case banknifty starts trading below 42950 level.
43020 in Banknifty spot chart is the key level for a downside breakout. We are already in 100 points profit. Tomorrow, we were in 200 points profit. but we should wait for proper risk: reward.
Today Banknifty may open flat near 43190 in spot chart. If it holds above 43200 then it may reached 43350,43500. but if it breaks 43020 then we may see the target of 42850....
Today will be a flat opening in BANKNIFTY . Expected opening above 43050 Level. After opening if banknifty sustain above this level then possible upside rally of 400-500 points upto 43450 level And this rally can extend for another 400 points if it gives breakout of 43550 level. Any Major downside only expected in case banknifty starts trading below 42950 level.
Expectations for Today: Highly Volatile day
Buy Above - 43220
Sell Below - 43000
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InvestPro India Team