Expecting a Bounce Back from Support Area...We must refer major weightage sotcks of BankNifty for Confirmation.... :) ****EDUCATIONAL****
After analyzing the BANKNIFTY chart on the 15-minute time frame, it appears that there is a noticeable bearish sentiment in the market. This is indicated by the current dominance of sellers, which suggests a potential downtrend in the short term. As such, it may be wise to consider a short entry position at 39190. This would involve selling BANKNIFTY at the...
On Friday, the 17th of March 2023, the BANKNIFTY showed a strong close, indicating positive market sentiment and bullish momentum. To capitalize on this momentum, traders can consider taking a long position with a target of 40800 and a stoploss at 38900. The support levels for the index are currently at 39500-39700 range, which suggests that the index has...
Gapup the Profit booking market is throwing out week buyer and strong support lies at 39000 level. We will look opportunity on buying side on breaking our resistance level. :) **** EDUCATIONAL****
Continuous Selling and Global Pressure...driven Index Down now i am expecting here to halt and trend to change in coming days. :) ****EDUCATIONAL****
Watchlist #BANKNIFTY Fut (4hr Chart):- Bnf fut facing so many resistance on upside need to break 41980 for upsides, range for bnf fut is 41980 to 40870 for the day. #Disclaimer:-View shared it for educational purposes only.
Pressure to remain in Both Index. Keep Trailing SL and Keeps eyes on BankNifty Major Stocks like HDFC,AXIS KOTAT and SBI :) ****EDUCATIONAL****
Pressure to remain in Both Index Keep Trailing SL :)
Banknifty Intraday Levels for 08-02-2023... Sentiment is Positive but Data is Week....41500 important and crucial level :) **** EDUCATIONAL****
Zones Above - 43026-137, 43510-614, 43807-887 Zones Below - 42649, 42514-471, 42286-234, 41964-861
This is Just my Findings, Please comment your views. :)
Fabulous Recover in Last Momentum due Short Covering, But Still index is in pressure....Level re given on chart..... for any long position we need to observe the Composition and heavy weightage stocks of Index.... Play for Small profit with proper risk management. :) NEED TO KEEP IN MIND THIS MOVE WAS DUE TO SHORTCOVERING..... PCR : 0.75
After Some Recovery Index , Sharp Selling Hunted all Long Players. Now Index is at Very Crucial Zone. Levels are given in the Chart :)
BANKNIFTY has been on an upside move since JUNE 2022. As shown in the chart BNF has respected the trendline till now and it has tried to break below the trendline however was not able to give a close below the trendline. LONG SIDE SETUP: BANKNIFTY might respect the trendline and continue its bull run if BNF manages to give a strong bullish close below tomorrow....
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...
Bank nifty is side ways as of now If it crosses 43304-43372 levels next resistance is 43573-614, 43807-887 Resistances below are 43086-42971, 42894-853, 42488-449
Bank Nifty lost its steam of bullishness as of now, it is in a range where bias is undecided only if it breaks and closes below 42222 on Daily closing basis it will get Bearish & if it breaks and closes above 441555 on Daily closing basis it will get Bullish in between the above 2 levels it will keep giving Goosebumps, hence avoid heavy positions till then.
Banknifty standing just above a strong support of 42966. if banknifty crosses above 43113 then it may also cross 43266 and may reach to the level of 43418. between 43266 to 43418 is also an extremely strong resistance zone . If Bank Nifty crosses over 43418 then it may also cross 43571 and may reach to the level of 43713. if banknifty crosses down below...