As per my analysis, Bank Nifty Closed at 43216, I am expecting Bank Nifty Can Open Gap Down Around 100 to 120 Points Near Around 43100-43080 than It can Retrace till 43260-43290, If Not Break 43300 than we can expect again downfall till 43900-43865, as per chart of 15min chart, 43900 is a strong level for tomorrow, If in case it will break than we can expect more...
As per my analysis, Bank Nifty Closed at 43216 and also broken this parallel channel in the last Friday session, I am expecting Bank Nifty Can Open Gap Down Around 100 to 120 Points, Near Around 43100 than It can Retrace till 43260-43290, If Not Break 43300 than we can expect again downfall till 43900, as per chart of 1 hour, 43900 is a strong level for...
Banknifty Bulish Expanding Triangle
Today Banknifty break all time High. It's an historical moment of Indian Economy as well as bank nifty Index. As per the chart pattern Banknifty trying to break all previous highs including today.
This is all time high position now briefly understand the position where we are---
Upper side no resistance only at 43900...
Banknifty Current Cntract Future
There is a perfect Resistance Zone
So as per the Peanut pattern if break upper side Buying come if break lower side sale proceed
This Month's week starting with Future sale by FII
Already taking the Proper Fib Retracement its go Down.
Brief look the chart and take a proper observation before trade
Good evening all,
Mount 40000 achieved last week and reached almost 40600 to settle at 40300. What next? Between here and 40750 is a strong resistance zone and we wait for that to be breached if we are to see 42200. With a 14 day ATR of ~570 points, Monday again becomes important for us.
Also, the current level forms of 1000 points range between 40300 and 39300...
Bank nifty is making a wedge pattern, can go long as well as short.see levels and target.
entry: 30250
tgt : 30000
SL: 30410
If you want to trade upside then here are the levels :
entry: 30650
tgt : 30780
SL: 30250
Try to trade it downside because in upside R: R ratio is not considerable.
