Today happened to be a boring day mostly because NSE:BANKNIFTY stuck to a specific narrow range all day. Usually we have one or two swings which will spike up the options premium, Yesterday i did mention the possibility that we could expect a fall today if the 2nd half of yesterday's session was resultant of a build-up as part of Finnifty expiry. Since the fall...
BANKNIFTY Intraday Trade Setup For 23 Mar 2023 Buy-Above 40090 Sl-39980 T- 40315 40515 Sell-Below 39835 Sl-39945 T-39600 39347 BANKNIFTY has closed on slight bullish note with 0.26% gain. After our PRZ hit on 16 Mar since then it is going up slowly and steadily and till now we have not closed below PDL. So this up move will be strong till we defend PDL (CB)....
Nifty / Bank Nifty both are consolidating near the highs of last week. And a break to the upside can be anticipated in the coming few days as we can see a relief rally of 200-250 points . Longer term outlook remains bearish. Follow @piyushrawtani for more!
Based on recent market analysis, it has been determined that BANKNIFTY is expected to display a bearish momentum in the upcoming days. In light of this forecast, short-term traders are advised to consider either shorting or purchasing put options for the next month expiry. It is recommended to identify the key sell range between 39830-39980, with a targeted...
$BANKNIFTY has given a positive close today above the long time resistance zone. Apart from this a Bullish RSI Divergence is seen on the charts on Daily TF. Along with the above, buyers fight back today was more prominent in Bank Nifty than in Nifty with BN giving positive upside signs clearly as soon as it broke from the first 1 hour zone. Comparatively, $NIFTY...
Market is bullish make sure to don't take trade on bearish side today.. VIX is 21.38 Volatility is not much remember S&P 500 - Bullish Nasdaq - Bullish
nifty takng support from yestrdays trendline and still sbove pDH, banknifty looking more neutraal (also wide CPr) but below trendline. if support tken can see upward movement else breakdown (can be slow and theta eating
Perfect Hanging Man If 30 Mins Candle Close Below 39838.1 Then Sell BN With SL Of 40100 ( 30 Mins Close )
If the BANKNIFTY spot index experiences a 15-minute candle closure below the critical level of 39900, it may indicate the potential for a bearish market sentiment. In such a scenario, traders may consider a target range of 39700, 39500, and 39100 with a recommended stop loss at 40100. It is important to note that this information is intended for informational...
The FASP for BankNifty is listed for 22-03-2023. 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...
"Trading day, March 22: The global market indicates a neutral start with a bullish nature that may begin with a neutral to slightly gap-up. after that, If the market breaks 50%, we can expect a rally to continue. On the other hand, if the market rejects around 50%, we can expect a minimum of 38% Fib correction. If the correction breaks the 38% Fib level, that's a...
Analysis Criteria Used: 1. Please find the Bank Nifty Chart Analysis done for the 22nd March, 2023 Focus On: 1. Always keeping your Risk Management in play 2. Using a Stop Loss; because it is your Best Friend 3. Always Plan your Trade and stick to your Plan 4. Dont overthink or overanalyse 5. Treat this as your Business and get serious about it #sharemarket...
Today was a different day for me personally, i almost lost focus at around 10.30am & i posted the same in banknifty minds. "$BANKNIFTY i have no clue on the direction - options data/flow is confusing today" I normally use options flow/data to guess the direction of NSE:BANKNIFTY rather than the direct candle stick or chart pattern. Options data usually does not...
BANKNIFTY Intraday Trade Setup For 22 Mar 2023 Buy-Above 39971 Sl-39860 T- 40180 40357 Sell-Below 39755 Sl-39865 T- 39545 39335 BANKNIFTY has closed on a bullish sentiment with 1.35% gain today. In the weekend when BNF was at 39600 it was said that we will give a small pullback and then we will make a bottom and start the upside journey. Exact same thing...
BankNifty Trading Levels For Tomorrow’s Trading Session Resistance 39950-40000 Towards Target of 40200 With SL of 39900 Support 39350-39300 Towards Target of 39100 With SL of 39300
Bank Nifty trade idea CMP 39983 T horizontal line simple breakout from trendline look the chart Price compression with time and breaking out of the trendline looking the strucutre Bulls are looking take to control till 40100 plus by the day or tomorrow with such compression chances are more for bank nifty to hit high side of 40100 plus
NSE:BANKNIFTY BANKNIFTY is currently moving sideway, can try for short positions near/at resistance area if we get negative candle near/at resistance area on 15/30 min time frame, can try to hold till today's support, if banknifty seems bearish at support ,then we can give it a shot to achieve target zone.
Expectations: Volatile day Intraday Levels: Buy Above - 39700 Sell Below - 39270 To motivate us, Please like the idea If you agree with the analysis. Happy Trading! InvestPro India Team