Resistance Level: 39614.25 Support Level:39110.85 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 sustaining or break below support level , we can expect downside move...
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...
BANKNIFTY Intraday Trade Setup For 6 Oct 2022 Buy-Above 39180 Sl-39065 T-39413 39731 40040 Sell-Below 38875 Sl-38985 T-38570 38277 38000 BANKNIFTY has closed on a positive note with 2.84% gain. After our short trade's (40280-37850) tsl was hit in index @ 37850 since then index has started recovery. Hourly swing high 38811 was broken on 4 Oct, this has...
Resistance Level: 39146 Support Level:38955.80 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 sustaining or break below support level , we can expect downside move...
BANKNIFTY Intraday Trade Setup For 4 Oct 2022 Buy-Above 38390 Sl-38280 T-38560 38800 Sell-Below 37960 Sl-38070 T-37690 37400 BANKNIFTY has closed with 1.56% cut and formed an inside candle in daily TF. Breakout of the mother candle's range will give us a move either side. Last we planned to short below 37530 this trade worked perfectly but it opened with a big...
Resistance Level: 38288.25 Support Level:37731.25 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 sustaining or break below support level , we can expect downside move...
BANKNIFTY Intraday Trade Setup For 3 Oct 2022 Buy-Above 38815 Sl-38700 T-39000 39200 Sell-Below 38530 Sl-38650 T-38200 37889 BANKNIFTY has closed on a positive note and formed a bullish engulfing candle on Friday. On Friday our TSL for short trade was triggered as previous high was tested in 15 Min TF. This trade gave us a fantastic straight move below our shot...
Resistance Level: 38901.85 Support Level:38551.30 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 sustaining or break below support level , we can expect downside move...
The global market indicates a slightly negative start. If the market makes a solid red structure, we will expect correction continuation. On the other hand, if the market rejects sharply, that's a sign of a little bit of trend reversal. And if the market breaks the diagonal pattern, that's an indication of pullback continuation.
Resistance Level: 38085.65 Support Level:37540.85 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 sustaining or break below support level , we can expect downside move...
BANKNIFTY Intraday Trade Setup 30 Sep 2022 Buy-Above 37850 Sl-37735 T-38125 38350 Sell-Below 37535 Sl-37650 T-37300 37100 BANKNIFTY has closed on a negative note with 0.3% cut. Today it opened with a big gap up and 10 o'clock range broke downside below 37925 and gave a trendy move till 37540. Our positional short's trailing sl is intact to last swing high -...
The global market indicates a positive start. Structurally, this is sub-wave 4th. So the market may go a little bit of consolidation to pull-back continuation. on the other hand, if the opening market rejects sharply, then we will expect correction continuation. that's min will reach 78%(previous day low to upcoming high) and the previous day low.
BANKNIFTY Intraday Trade Setup For 29 Sep 2022 Buy-Above 38370 Sl-38250 T-38700 39000 Sell-Below 37625 Sl-37740 T-37365 37145 BANKNIFTY has closed on a negative note with 1.56% cut. Today our short trade gave more than 6.5% gain which was triggered on 23 Sep 2022 (40280-37627). Now you can book some profit or trail to last swing high - 38370 or PDH but that is...
Banknifty opened gap down at 38081 and in the first 5mts candle itself it took out the support line of 37946. There was an immediate bounce somehow giving us the impression that the support was intact, the minor pullback tried to close the gap but lost steam by 10.15. The fall from 10.20 to 10.45 looked interesting because the support level proved quite important...
BANKNIFTY Intraday Trade Setup 28 Sep 2022 Buy-Above 38710 Sl-38595 T-39023 39230 Sell-Below 38180 Sl-38290 T-37933 37633 BANKNIFTY has closed on a negative note with 0.67% cut. Today 5% target was achieved in the short target which was triggered below 40280 on 23 Sep. Now trail sl to last swing high 38710 and ride for any further fall. While 39050 is the...
banknifty Resistance Level: 38547.20 Support Level:38006.95 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 sustaining or break below support level, we can expect...
The global market indicates a positive start. Market nature is bearish to slightly bullish. Market may open a little bit gap-up. If the market breaks the previous day minor high, we will expect a minor pullback. min( nifty 38 to 50% and BN 23 to 38%. if the market rejects after that pullback, we will expect a trend continuation means, a minor 5th correctional...
BANKNIFTY Intraday Trade Setup For 27 Sep 2022 Buy-Above 38990 Sl-38880 T-39230 39510 Sell-Below 38490 Sl-38610 T-38185 37950 BANKNIFTY has closed on a negative note with 2.35% cut. Short was triggered on 23 Sep 2022 as important range (41850-40280) was broken. Range length is 1570 points and this target is met today (40280-38493). Trail sl to last previous...