Expectations: Volatile day Intraday Levels: Buy Above - 39720 Sell Below - 39200 To motivate us, Please like the idea If you agree with the analysis. Happy Trading! InvestPro India Team
BN has fallen only due to US Bank news which is getting closed by other banks showing interest in Buying the sick bank, Buy price is also being revised upward. In my view the biggest banks like Citi, HSBC etc are stable. why any one giving so much importance to start up failures !!!!! only to buy at dips. I am expecting very big rally in BN and N in next 7 trading...
Banknifty Spot; Above 39948.70:- T1:40210.80, T2:40613, T3:40851 Below 39437.70:- T1:39175.65, T2:38932.55, T3:38664.80 Note:- In Buy & Sell Zone Please Check Price Action For Reversal
Banknifty on the weekly time frame has given a nice lower wick rejection and formed a doji. Though the market are in the bearish move but the weekly candle is showing a short term positive momentum in the index. For last 2 trading session the market has sustain the opening levels and soaked in all the sell pressure it exerted in the last hour of session. 38.2%...
BANKNIFTY Intraday Trade Setup For 20 Mar 2023 Buy-Above 39705 Sl-39595 T-40110 40515 Sell-Below 39220 Sl-39330 T-38895 38615 BANKNIFTY has closed on a bearish sentiment with more than 2% cut last week. Last week it finally hit our positional sell target (41550-38615). It gave dot reversal from the PRZ (1.618) which was 38615. So next leg of selling will will...
BankNifty Trading Levels For Wednesday Trading Session Resistance 39750-39800 Towards Target of 40000 With SL of 39700 Support 38950-38900 Towards Target of 38700 With SL of 39000
banknifty one hour chart down 5 five and aagin go up corrective abc wave . maxmium boounce wave abc 62 %
On Friday, the 17th of March 2023, the BANKNIFTY showed a strong close, indicating positive market sentiment and bullish momentum. To capitalize on this momentum, traders can consider taking a long position with a target of 40800 and a stoploss at 38900. The support levels for the index are currently at 39500-39700 range, which suggests that the index has...
#banknifty analysis for the short term:- Expanding Rising Wedge:- A triangle is a sideways corrective wave with sub-waves labeled A-B-C-D-E. In most cases, all the sub-waves of a triangle are zigzags or multiple zigzagsTherefore, we call the triangle a 3-3-3-3-3 structure. Looking at the structure, we expect selling pressure from the upside, which will drag the...
The trades till 14.20 was kind of predictable, but the last 1 hour was really special. NSE:BANKNIFTY got wings ! The open was gap up at 39442 and then we started dropping gradually. At around 10.00 i posted "$BANKNIFTY PE premiums are unusually high ! either traders expecting huge downside today or maybe its good time for PE credit spread" in the bank nifty...
"Trading day, March 17th: The global market indicates a positive start, with a moderately bullish nature. It may open with a gap-up. If the market sustains around the 38% fib level, we can expect a continuation of the pullback. On the other hand, if it sharply rejects the 38% fib level, we can expect a minor correction in the form of a three-wave structure."
As US DOW and NASDAQ recovered from credit Suisse issue after support from other financial institutions, watch chart for banknifty support and resistance.
Banknifty Support and Resistance Updated on One Hour Chart Analysis Support Zones Frist Support Level For For Long Banknifty - 38755 - 38810 Second Support Level For Long Banknifty - 38300 - 38330 Third Support Level For Long Banknifty - 37940 - 37970 Resistance Zones First...
--- NSE:BANKNIFTY showed some strength today, mostly signs of a pause after a breakdown over the last sessions. We opened at 39061 pretty much inline with yesterday's close and quickly started falling to the support zone of 38690. The price action was perfectly aligned with how we traded yesterday, see the highlighted section in cyan color. The reversal...
Banknifty has given a doji on the daily time frame and closed above 39000 levels. It has been taking resistance, on hourly charts, from the 20 ema and closed just below the levels. Today, the index has consolidated in a parallel channel and formed a flag and pole pattern. If there is a break down of the pattern, nice fall can be seen in coming days and good...
Expectations: Volatile day Intraday Levels: Buy Above - 39300 Sell Below - 38900 To motivate us, Please like the idea If you agree with the analysis. Happy Trading! InvestPro India Team
The FASP for BankNifty is listed for 17-03-2023 . 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...