Hello Traders! Good morning to all.. > yesterday market performed more than expected. Thanks to call option sellers. > Today also SGX Nifty indicating positive start > Since we have moved more than 4%. I am expecting the market to trade between yesterday's range. > By yesterdays close we had the max pain at 33000. So we can expect the market to give a pull back...
Hello friends! > Last session ended up negative due to both FII & DII selling. > Clients have turned to be the only buyers in the market. > Both FII and DII are long in Put option, expecting the market to go down. > OI support and resistance @ 33000 & 32000 > Maxpain @ 32500 > Due to weekend tomorrow we may find less liquidity. > SGX nifty is the only Asian index...
Buy Banknifty Closing Price - 32904.5 SL - 28900 (WCB) Target - 48000
BANKNIFTY AT VERY CRUCIAL LEVELS We can expect UNIDIRECTIONAL MOVE if 33000 is broken with proper candle close for going long Reasons being :- Banknifty has been consolidating since last 2-3 trading sessions and this accumulation breakout can give huge movements Formation of CUP and HANDLE pattern which is also a bullish continuation pattern moreover it...
Not making any new BUYING POSITION UNLESS 33400 is broken 🚨 Further the trendline rejections in the chart tells you all about the above mentioned cause ✅
As you can see on the BANKNIFTY hourly chart that BANKNIFTY is at its 0.236 FIB level so what do you guys think will it break the 0.236 level or reverse?
Important levels to watch mentioned in chart ✅ We can see rising wedge pattern which is also known as reversal pattern frequently seen in bear market !!! We can see some upmove to fill the pending gap in the first half and then continue its falling!! Make sure the levels are breached to take any positions !! All the LEVELS provided stands much important as...
This is my analysis on BANKNIFTY for 16th April 2021. let me know about your opinions :") Happy Trading traders!
Important levels mentioned in chart!! Let the chart speak for you guys for tomorrow ✅
Did exactly what we’ve analysed yesterday !! Now the important levels mentioned in chart must be taken into note Tomorrow’s market will totally be based on its opening , if opens gap down with breach of lower levels one can again short If opens flat to some positive, inside candle with sideways to volatile market is expected!! Wont suggest trading tomorrow...
Closing below 32800 indicates weakness. My stance is still Neutral in Banknifty Immediate Resistance:33000 Immediate Support: 32100 Trade with Stoploss! Only for Information & Educational Purpose!!
As said earlier BN will be bullish when it crosses 34000 BN is still in Neutral mode ! Immediate Resistance:34000 Immediate Support: 32800 Trade with Stoploss! Only for Information & Educational Purpose!! Regards, Trade Leader
Did exactly what we discussed yesterday ~ opened above 33600 and one sided rally made till 33950 then the market remained sideways through the day NOW WHAT FOR TOMORROW?? Since BANKNIFTY remained sideways through the day it gave us the potential levels for tomorrow, we can also see INVERTED HEAD AND SHOULDERS PATTERN which is also a BULLISH continuation...
We can see real interesting closing for the day as it couldn’t break last trading sessions low making 33400 level as important support for tomorrow and a must watch ! Since NIFTY on the other hand showed some strength as closed above than BANKNIFTY still BANKNIFTY being weak we’ll watch out 33400 level cause break of that very level can lead to easy 400-600...
Banknifty making Lower High and formed head and shoulder pattern. On daily or weekly time frame once can watch for yellow trend line importance. My targets for the next week is below 33000. PS- View neglects if closed above 35500.
As per our analysis for March 10th, BankNifty was in the range between our Buy and Sell levels, it was a good day for option writers and scalpers. We sold SBI, HDFC Bank, and 36200 CE and all trades gave great profits. Expectations for Tomorrow: Gap up opening Resistance: 36372 Support: 35742 Intraday Levels: Buy Above 36200 Sell Below 35800 To motivate me,...
As we analyzed BankNifty of 37708 against our resistance level of 37700 and came down to 37672. Our sell trade triggered at 37200 and all our targets met. For tomorrow, I am expecting a flat to minor gap-up opening. Resistance: 37400 Support: 36700 Intraday levels for next session: Buy Above 37170 for the targets of 37290, 37370, and 37450 Sell Below 36950 for...