banknifty for expiry watch this levels wait for levels and retest
Take a look at the chart below, 5mts TF its a perfect continuation from yesterday - we broke the 1st support at 09.40 and 2nd support at 13.15 in the single leg. And then we had a retracement back to the SR level (yellow dotted lines) and final close there. So what do we infer from the charts today Expiry level positioning worked out very well today, all the...
Resistance level:43175 Support level : 42907 ****Fib Retracement levels will act as the support or resistance**** If candles are sustaining or break above resistance level , we can expect upside move and the targets will be fib retracement levels as per chart If candles are sustaining between resistance and support levels, consider as neutral If candles are...
Banknifty View and Support & Resistance Levels for Tomorrow.. Expectation : BEARISH / Negative Sentiment - Flat / Small Gap up Open from Close and BEARISH Reversal from CPR 43132. Currently Nifty is trading below monthly CPR and there was strong rejection today which indicates the BEARISH move in the upcoming days. But Banknifty is trying to hold above monthly...
Probably you would feel it repetitive when i said the nifty and bank nifty made moves when the US markets were on holidays. Look what happened today with bank nifty - we have negated the 2 day's of price action ie. 02 Jan and 03 Jan. Which means we have closed today at the same value as of 30th Dec The child was having a nice time when the mom was on leave, now...
The FASP for BankNifty is listed for 05-1-2023. 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...
We had a good price action today mostly following up from the moves from yesterday. Today's open was gap down at 43151 but if you take a look at the candles formed over the next 15 to 20mts its very much in continuation with the move started at 14.20 yesterday. The uptrend went on till 10.15 forming the swing high and then a retracement to the flat line. Bank...
Resistance level:43023.60 Support level : 42532.05 ****Fib Retracement levels will act as the support or resistance**** If candles are sustaining or break above resistance level , we can expect upside move and the targets will be fib retracement levels as per chart If candles are sustaining between resistance and support levels, consider as neutral If candles...
Banknifty View and Support & Resistance Levels for Tomorrow.. Expectation : BIG Gap Up Open - Short Covering Fall / Sideways Buyers and Sellers Zones - When price breaks the zone, Buyers zone will become Resistance and Sellers zone will become Support. For Best entry, Wait for first 5m candle close. Go long when High breaks, take Short when low breaks. Keep...
When i said i was bearish yesterday, a drop of 32pts was not what i was referring to. Bank nifty held its head high almost the entire day, only the 15.10 candle shows some signs of weakness & a minor break of support. I was literally unable to take any trades today such was the move of bank nifty today. Well it did not move - killing out the premiums of options...
Buy near support. or buy above resistance Sell only below 42450.
NSE:BANKNIFTY Trade Setup for 22-12-2022 1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action. 2) Everything is mentioned on the chart. I hope it is easy to understand. 3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level. 4) Avoid gap up...
Banknifty View and Support & Resistance Levels for Tomorrow.. Expectation : BEARISH / Negative Sentiment = Strong BEARISH Banknifty is bit strong when comparing with Nifty however it is trading all time high and tested 44000. So we can expect small correction in the trend before it makes the next up moved. So being expiry tomorrow we can expect good fall. Any...
Resistance level:44160.85 Support level : 43932.45 ****Fib Retracement levels will act as the support or resistance**** If candles are sustaining or break above resistance level , we can expect upside move and the targets will be fib retracement levels as per chart If candles are sustaining between resistance and support levels, consider as neutral If candles...
RBI Governor announced the Repo Rate hike of 0.35% to 6.25% currently - see the minutes here. Inflation in Oct 2022 reduced to 0.6% to 6.8%. And our GDP growth reduced to 6.8%. Listening to the speech i felt the global economy is in big trouble & India is in a far better shape. Also there is a possibility of further rate hikes as the accepted inflation band is ~...
In this video I have shared banknifty expiry analysis. Follow the video and mark these levels on your chart. Like the analysis and follow for more videos. Thanks!
Feeling pretty tired after watching today's price action. For the last 3 days i have been looking out on the bearish side of bank nifty. The day started gap up and then a rally of 127pts in the first 5mts candle. This was inline with the recent swing high level - took an immediate resistance and then started falling. For once i thought my short sell view on bank...
Looking at the price action i had given a sell short call yesterday - read here I had to literally change the view looking at just the first candle. A mega green 5mts candle that took bank nifty 172+ points & above the swing high of yesterday. The rally did not stop until 11.05 creating a steady buying momentum. From 11.05 to close of day it was a slow fall back...