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.
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#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.
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
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
