BankNifty opened a flat and soon it took support near 37640 and started going up from our Buying level which was 37780. We saw a good upmove in the first half and as per SpanAttack Strategy, we saw a sell-off in BankNifty around 12:30 PM.
Trades we took Today:
> Bought BANKNIFTY 38000 PE at 270 which we booked with 10 points loss.
> Bought BANKNIFTY 38200 PE at...
Today BankNifty opened a flat near our Buying Level 37350 but we saw selling at open and BankNifty came towards 37050 level which was a support zone. We bought BankNifty 37100 CE at 280 which went to 330, we bought again at 270 and it went to 350 and Traders booked great profit in morning trade.
We booked some profit in 37200 PE too which we bought around 240 and...
Bank Nifty has completed the corrective wave (4) at 31208.
After the climax of wave (4), we have seen an impulse phase with overlapping nature. According to Elliott's wave theory, 5th wave can become an ending diagonal.
I will update the intraday chart of the bank nifty soon.
Stay connected.
Hello Traders,
Following are my analysis:
Resistance Level :
1. Good Resistance Zone at 37100-200
2. Strongest Resistance at 37000.
3. Good Resistance at 37200.
4. Strong Resistance at 37500.
Support Level :
1. 36200 is Good Support Level .
2. 36000 is the Strong Support Level .
3. 36500 is Strong Support Level .
4. 36600-800 is Good Support Zone
Sideways...
as per our analysis BANK NIFTY breaks in upside next target for BANK NIFTY after close above 36880 will be 37100 sec target 37500
lets wait for breakout
its a better time for invest in banking stocks
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Hello Traders,
Following are my analysis:
Resistance Level :
1. Good Resistance Zone at 37200-300
2. Strongest Resistance at 37000.
3. Good Resistance at 37200.
4. Strong Resistance at 37500.
Support Level :
1. 36200 is Good Support Level .
2. 36000 & 36500 is the Strong Support Level .
3. 36600-700 Good Support Zone
Sideways market:
37000-37300 .. if market...
As analyzed we initially saw the Range-bound movement and the second half was highly volatile. We suggested buying 36900 PE in the morning at 290 which went to around 370 and we booked great profit. We also booked great profit in 36500 CE bought at 260 and it went to above 400. Overall, it was a great day for Option Buyers.
BankNifty has broken the resistance of...
BankNifty opened with a gap-up and we saw a morning rally towards 36997. We bought 36900 PE around 220 which went to around 390 and Traders booked great profit. We also bought 36400 and 36500 CE and booked great profit in these trades too. Overall it was a great day.
BankNifty formed a bearish candle on a daily time frame and we would see another down move if BN...
Hello Traders,
Following are my analysis:
Resistance Level :
1. Good Resistance Zone at 36100-200
2. Strongest Resistance at 36000.
3. Good Resistance at 35800.
4. Increasing Resistance above 36000.
5. Strong Resistance Zone 35700-900
Support Level :
1. 34800 is a Small Support Level .
2. 35200-300 Good Support Zone
3. 35500 is Stronger Support Level .
4. 35000...
As mentioned we saw good selling from 35900 - 36000 zone, we bought 36000 PE in the morning at 270 which went to above 450 in just 15-20 mins. After, initial move, we traded in a small range for almost the entire day. We also bought 35800 PE and 35500 in the second half and Traders booked good profit in both the trades.
Today, BankNifty was able to hold the...
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BankNifty opened with a Gap-up near our upper resistant line and we saw a sharp selling from upper levels as per our analysis. We bought 36300 PE in the morning around 300 which went to above 700 and Traders made a great profit.
In the afternoon we also bought 35600 CE at 270 and added more at 240 which went to above 380 and again gave good profit.
For tomorrow,...
