This is my analysis on BANKNIFTY for next trading sessions. Let me know your opinions :")
Hello Everyone, Hope you are enjoying my predictions/analysis, just go through Banknifty 13/04/2021 -- Gudipadwa analysis and check my analysis for 31200 level as Resistance level. As i said there would be Gap-up opening and we saw a resistenace near 31200 level, and as it was broken with large volume 1.30 pm it touched the level of 31800. This was regarding...
As we analyzed yesterday it was a trending day for BankNifty. It made low in first 5 mins, once broke the high of 15 mins candle then all day up. I mentioned about Spanattack strategy which gave us good trade which I shared in the Public Telegram channel and it has approx 80-85% accuracy. Expectations for Tomorrow: Range-bound day. Resistance: 33400 Support:...
Buy Level = (Above 33050, Target 1 - 33200, Target 2 - 33500) Sell Level = (Below 32870, Target 1 - 32670, Target 2 - 32370) Please comment and let me know if you have any other ideas or observations or queries. Please feel free to reach out to me on Trading View.
Please comment and let me know your ideas/observations/suggestions. You can also reach out to me on trading view to discuss ideas.
The market is unpredictable; hence prepare yourself accordingly. Please comment and let me know if you have any other ideas or observations or queries. Please feel free to reach out to me on Trading View.
Did exactly what we’ve discussed yesterday ~ breached 33600 and made a low of 33200 within 30 minutes of market opening 🔥 More than 400++ fall seen right from our levels ✅ And that take to some crucial levels i.e the level 33600 which previously acted as a SUPPORT will act as a strong RESISTANCE and new SUPPORT made is 33200 One must keep in mind that 33200...
If the market is within the range, then it doesn't have much space to move. If it breaks the support where the buildup is happening. it can go up to 32700 (1st Target) & 32550 (2nd Target for aggressive sellers). I am mostly biased towards sideways to downtrend. Please comment and let me know if you have any other ideas or observations or queries. Please feel...
As mentioned BN will be bullish only after 34000. Market is in neutral mode. Major resistance: 34000 Major Support: 32800 Trade with Stoploss! Only for Information & Educational Purpose!! Regards, Trade Leader
The majestic 33400 is broken below and also reversed back from 33200 so what’s next now..?? According to me, There’s still some space below which BANKNIFTY can fill till 32800 BUT it has to close below 33200 with proper candle close! Another 400-600 points fall can be witnessed if 33200 is broken below ✅ Else expecting a INSIDE candle tomorrow 🚨
Sharp fall is anticipated but after retest of 33350 level. It is not going to allow the retailers to sell so easily. Beware of stop hunting.
I can see a cup and handle formation and 33350 is the resistance which has become weak due to multiple tests, if broken can retest 34650 followed by 34750 level.
A continuation pattern of Head & Shoulder appears to be forming. The right shoulder is yet to form. Tomorrow, I expect the market to be volatile and trending on Wednesday or Thursday. A sharp selling will occur below 33350 level but there has to be a small retracement towards upside before continuing down.
A similar scenario on Bank Nifty as that of Nifty 50. It will first retrace to 34,489.60 then fall to 32,858.85, then retrace back again till 33.372.45 and then fall again till 30,689.95. From 30,689.95, it will shoot up to take out 37,712.60
As we analyzed yesterday, BankNifty traded in a range the whole day and broken the support in the last 30 mins. As per setup, the Sell trade triggered below 34750 and hit all the targets. We sold 34500 PE at 255 near support in the morning and booked great profits. Expectations for Tomorrow: Volatile Moves. Resistance: 34560 Support: 33850 Intraday Levels: Buy...
Hugh chances of reversal if couldn’t close below 34000 On the other hand If 34000 is broken another 600-1000 points fall can be witnessed ✅ ALSO A EXPIRY WE CAN WITNESS SOME WILD MOVEMENTS TOMORROW 🚨
Once this trendline is broken and market is below 35830 level, a sharp fall is anticipated. We can see a wedge pattern, which is a bearish pattern and if broken we can see a free fall.
Today BankNifty above our Buy level and showed a good up-move. We took sell trades in SBI and HDFC Bank and booked great profits in Stocks. We also sold BankNifty Fut at 36125 with an SL of just 80 points and got a good fall of approx 600 points. Overall it was a great day. Expectations for Tomorrow: Range bound day Resistance: 36120 Support: 35550 Intraday...