Today bn closed near all time high, breaking above 43500 will generate a fresh up move. Strong support is placed at 41900 Breaking these levels either side will create strong momentum Mark these levels in your chart.
Resistance level: 41951.20 Support level : 41699.35 ****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...
Quite an eventful day today, Banknifty opened mega gap up at 41740 crossing 2 resistance levels in a single go (41314 & 41459). The first candle was red but with a long wick on the bottom - indicating that the opening trade was favoring the buyers. The major reason for the gap up was SBI which published good results this quarter. There was a decent fall till 11.25...
Hello Traders, Welcome to SriTrader5121 ____________________________________ BankNifty-03/11/2022-Levels IMPORTENT ZONE FOR THE DAY : 40842 - 40987 Possibilities of Today market open... Possibility 3: GAP-DOWN Most of the Global markets are closed in RED, so our markets also open in red with average 150 points in #nifty and 300 points in...
Bank nifty moved today quite contradictory to the global moves. Frankly what is happening to India's banks - is there so much positivity to bury the global macros ? S&P500 down 2.5&, Nasdaq100 down 3.39% and our bank nifty up 0.37% today Just look the opening 4 candles. Gap down opening at 40873 very near to the support level of 40867 - hits the resistance level...
Nifty / Bank Nifty both appear to be in a long term uptrend but sideways the whole week. We have to wait for a break for the range developed this week before selling calls/puts. Important levels and trading plan is discussed in detail in the video. Like if you found the video helpful. Cheers
Resistance level: 41226.70 Support level : 41028.95 ****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...
Hi All, Please find the related ideas below where it touched the 40400 but cannot sustain above. Expiry day might fire either side. I have given the levels in the chart. Always trade carefully with proper SL because it’s your hard earned money. Please note this is just my observation and purely for educational purposes only. Consult with your financial advisor...
Overall market outlook is bullish as of now, at least for short term. Only unknown factor here is the Fed event, which can make the markets to move violently. For the past 3 days Bank Nifty has been in an range, especially the last two days looks like two consecutive inside candles. A break on either side can give big rally on that direction. Predictions -...
Market Outlook is clearly bullish, especially with Bank Nifty daily candle making a close above 10 EMA. Now the focus is to identify whether this trend would keep going up or have a pull back to 10 EMA again before continuing the uptrend. (Later has a higher chance of happening.) - Charts : Bullish (Crossed 10 EMA in daily chart.) - OI Data : Inconclusive...
NSE:BANKNIFTY Giving some big range levels in case if there is big gap up/down opening. Trade Setup for 06-10-2022 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,...
Possibility 2 : Hello Traders, Welcome to SriTrader5121 BankNifty Nifty-29/09/2022-Levels If market open as a GAP-UP and moves to UP-Side then BUY with the Support of 37950-38000 and SELL with the Rejection of 38000. (or) If market open as a GAP-UP and moves to DOWN-Side then BUY with the Support of 37676 and SELL with the Rejection of...
this technical analysis is only for Educational purpose only, Do your investment with responsibility and Financial Advisor..
Banknifty Levels for Tomorrow.. Expectation : Sideways / Volatile Market In Banknifty Flat Open is expected tomorrow, and it may trade in range between PDH 41626 - 41037 WIde CPR indicates the rangebound market. So any breakout above or below mentioned level is the Trend confirmation. Being expiry tomorrow wait until the premium depreciates for the first...
Banknifty Levels for Tomorrow.. Expectation : BULLISH Reversal Entry Levels are, Gap up Open - Buy at PDH . Gap down Open - PDL / S1 level at 39290 Flat Open - 39429 CPR level If 39258 PDL compromised, we can see BEARISH move in Banknifty Refer the chart for detailed Intraday Support and Resistance levels. Happy Trading!!
Bank Nifty followed my levels as charm today as well. Kindly follow the levels and zones to get the best R:R
Dear friends I have done analysis for baknifty expiry Watch the video and follow the levels for trade setup Thanks
NSE:BANKNIFTY Considering volatility in market , giving all the possible big levels for ready reference. Trade Setup for 08-09-2022 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...