BANKNIFTY 31st March OPTIONS IDEA (FRIDAY)
NSE:BANKNIFTY
The Bank Nifty index has been exhibiting a lot of volatility in recent weeks, with sudden dips and recoveries. As we approach the end of March, traders are eager to find profitable trade ideas in the banking sector. To help traders, we have analyzed the Bank Nifty chart and marked some important levels...
BANKNIFTY Intraday Trade Setup For 31 Mar 2023
Buy-Above 40055
Sl-39945
T- 40290 40535
Sell-Below 39660
Sl-39770
T- 39460 39270
BANKNIFTY has closed on a bullish sentiment with 0.86% gain on Wednesday. On Tuesday a Pinbar candle formed in daily TF and was told that we will give a good up move above its high. This view worked perfectly on last day. Buy triggered...
As predicted the markets has given a nice up move especially Banknifty. The index has given a nice move touching 40k levels.
The market tried to cross the 20 and 200 ema and faced resistance from the levels. Market has given a nice bullish candle on the daily time frame.
On the hourly charts, the market has closed between both the moving averages. There was a...
The FASP for BankNifty is listed for 31-03-2023. You can add this levels to your trade setup for better results. This should not be the only indicator but an additional tool to increase your winning possibilities.
What is Fibolysis Anchor SupRes Points(FASP)?
It is a unique level arrived by using Fibonacci Retracement , Fibonacci Extension , Standard Pivot levels...
Quite an eventful day today spoiled by the last 30mts surprise. Honestly how many traders were expecting a rally of 340pts between 15.00 to 15.30 - i was not. In fact i was expecting a fall towards the 39400 levels.
Lets analyze the trades on the 5mts chart today. Open was inline at 39611 and we tested the resistance level of 39742 in the opening minutes...
#BankNifty Future Analysis for #Tomorrow 29th March 2023
As per our #analysis for #BankNiftyFuture, we are expecting these below mentioned Intraday levels tomorrow, kindly check the charts on 15 min time frame and act accordingly.
Previous Close: 39588.85
#BankNifty Bulls can get active above 39671 For the #IntradayLevels towards 39787/39865/39952
#BankNifty...
"Trading day, March 29th: The global market indicates a slightly positive start with a moderately bearish nature. It may begin with a gap-up. If the market breaks the immediate resistance zone, we can expect a minimum Fib level of 39933 to 78%. However, if the market sharply rejects that zone, it's a sign of correction, or at least a potential range-bound market....
Today BN was trading within a narrow range of 240 points only. It made an inside candle. BN corrected between Feb 50% & 61.8% of a-b-c. It opened 39545 and drifted down to 39326 and again started going up to its day's high and again came down to day's low. Very volatile market. When I see the double bottom I bought a 39500 call. Made some money. I think BN could...
Banknifty has been trading in a range for last few trading session and has formed a dragon fly doji. The market has been forming a base for a trend reversal and can give nice bullish move tomorrow on monthly expiry.
An inside candle has been formed. Bullish trades can be initiated once it starts trading above the previous day high.
RSI is showing a bullish...
The FASP for BankNifty is listed for 29-03-2023. You can add this levels to your trade setup for better results. This should not be the only indicator but an additional tool to increase your winning possibilities.
What is Fibolysis Anchor SupRes Points(FASP)?
It is a unique level arrived by using Fibonacci Retracement , Fibonacci Extension , Standard Pivot levels...
BankNifty Trading Levels For Tomorrow’s Trading Session
Resistance 39750-39800
Towards Target of 40000
With SL of 39700
Support 39250-39200
Towards Target of 39000
With SL of 39300
BANKNIFTY Intraday Trade Setup For 29 Mar 2023
Buy-Above 39700
Sl-39590
T- 39955 40200+
Sell-Below 39450
Sl-39560
T- 39275 38945
BANKNFITY has closed with a slight bullish sentiment with 0.35% gain. Nothing triggered as per trade setup as it traded complete sideways within yesterday's range. It has formed a Pinbar in daily TF above today's high we will give a...
Nifty / Bank Nifty both look in the coming days.
Watch the video for detailed levels of support resistance in Nifty / Bank Nifty.
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