Last week the markets were volatile. A M pattern formation and immediate reversal forming a V pattern shows the volatility. The market need to retest of halt on the upper levels before crossing the ATH. On friday, there was a 2.5% bullish move in banknifty it seem to be bullish as on intraday levels. Positional trades can also be entered, if market comes to...
As we discussed BANKNIFTY yesterday, Banknifty resulted sideways. Bulls guarded the support level tightly. If we look at the chart data now: The market has been taking support at the 47300 level. We were expecting some consolidation in the market today, which happened today. Now we have to wait for it to break the range (47200-47500) to the upside. If we look...
BANKNIFTY Intraday Trade Setup For 4 Mar 2024 Bullish-Above 47450 Invalid-Below 47340 T- 47950 48450 Buy_2- From 46645 Invalid-Below 46535 T- 47000 47450 BANKNIFTY has closed on a slight bullish note with 1% gain last week. It has given a strong breakout candle on Friday , it is the 2nd attempt to cross 46600 CB. Index seems ready for a fresh ATH journey again....
These BN levels for tomorrow are only educational purpose. Do common
Saturday was a special trading session and BankNifty opened with a gap-up around 47430 and that was the high of a small trading session. For tomorrow, BankNifty has to sustain above 47520 for further upside which can take BankNifty towards 47650 and upper marked levels. On the other side, if BankNifty breaks 47180 on downside, we expect to see 47050 and below...
As we have discussed, Banknifty's bullish behavior in our last session gave a really nice momentum with 2.4%. If we look at the chart: The Banknifty has broken above the trendline, which indicates that the market is currently showing extremely excellent bullish momentum. After this breakout, the market can continue to the level of 48600. The market has been...
The weekly chart of the market has closed around an interesting resistance zone. Even RSI indicator is showing some strength but price action needs to confirm. Fibonacci Golden Ratio is also in sink with the resistance zone and on the contrary it took support on the weekly charts from the major trend Golden ratio. There is a confusion as both the indices are...
Banknifty closed +150 points with a range-bound structure in the last session. Giftnifty indicates a gap-up start. If the gap-up breaks or sustains around 46448, then we can expect further rally continuation. However, if the market rejects there (46448) or if the initial market declines sharply, then structurally the range market will continue. we could wait for...
As we discussed yesterday, bank nifty took support at 45600 and then moved back to the bullish side with huge volatility. If we look at the chart data: The market is trading below the 200 EMA-(30-min TF). which may provide a good resistance at this point. 45700 has proven to be a good support zone. RSI still needs more strength to get a good bullish...
BankNifty Analysis - Stance Bearish ⬇️ BankNifty ended the day in GREEN, up 157pts, but we are still bearish as the resistance line was not taken out (bearish trend line). Also, we are in the bearish channel, the longer we stay in it - the stronger the BEARS grows. 3 candles between 09.59 to 10.07 gave away 498pts ~ 1.08%. And we really thought, it could be the...
BANKNIFTY Intraday Trade Setup For 1 Mar 2024 Bullish-Above 46350 Invalid-Below 46240 T- 46900 47425 Bearish-Below 45650 Invalid-Above 45760 T- 45000 44400 BANKNIFTY has closed on a slight bullish note with 0.34% gain today. It as the worst price action day in intraday. Most of the moves were random to decay premiums from both sides. The daily candle does not...
Bank Nifty also has the same sentiment. Structurally, it could fall a little bit, so if the gap-up doesn't sustain, then we can expect a correction that will reach the Fibonacci level of 61% (45675). After that, if it finds support around there, we can expect a minimum of a 23 to 38% pullback wave. However, if it breaks it, then the correction will likely...
The FASP for BankNifty is listed for 29-02-2024. 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...
Let's discuss the BANKNIFTY prediction for tomorrow, as today was expiry, and it gave a nice fall. If we look at the chart data: The market is making a flag and pole pattern. Right now, it's in the Flag process, taking support at the lower trendline. 45600 seems to be the next good support point. If we look at the OI data: PCR = 0.60 shows the...
In this video, we'll discuss about Today's Market Movement and Monthly Expiry Analysis in Nifty, Banknifty and other segments too. Whether you're a seasoned trader or just starting in the stock market, this analysis will help you in Learning about Market. Let's get right into it! ✅I hope you liked the analysis. Be sure to hit that LIKE. 👍Like | 💬Comment |...
Degree full forms- L1 stand for Long term wave 1 and so on M1 stand for Medium term wave 1 and so on S1 stand for short term wave 1 and so on Hello Everyone, Welcome to Trading Idea, This is a short term forecast but trade always in direction of bigger cycles. Any last minute update will be done on our tradingview live links. I hope you are enjoying my...
Banknifty has given a nice bearish move today and closed around the day's low. The market was trading in a range for last two trading session and gave a good momentum after a break down. There is a bearish sentiment as the market has closed below both the moving averages on the hourly charts. Tomorrow is monthly expiry for the indices and if there is another...
The FASP for BankNifty is listed for 28-02-2024. 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...