We analyzed yesterday we got 1000 points trade and it was easy for option buyers, 37000 CE went from 170 to 800. Tomorrow, I am expecting a gap-up opening. Resistance: 37700 Support: 36900 Intraday levels for next session: Buy Above 37400 for the targets of 37500, 37600, and 37700. SL for the Buy Trade would be 37290. Sell Below 37200 for the targets of 37100,...
BNF is trending for the past 3 days and I am expecting a sideways market. Upper Level - 30900 Lower Level - 30300 If market opens gap up, then it will take support at today's closing price and move up, bc the put side premiums are very high. If market opens flat, then it can continue downwards, but I will be careful towards selling, bc sellers are already in...
BNF will definitely retrace and I am mostly expecting a sideways market bc Annual Budget is near and after that we can see a clear trend. I have marked the Fibonacci levels and expecting BNF to retrace to 38.2 and 50 % levels respectively before continuing the major trend reversal which we can expect since the market is too overstretched.
We can see the strong trend line which if broken, BNF could free-fall below 32440 level. However, if BNF crosses 32720 level, we could easily see BNF cross 32800
Case 1 - BNF opens flat (within 60 points range and crosses 32350, a long trade can be initiated. Case 2 - Market opens big gap-up, it can reverse from 32500 (bc psychological level) or it can touch all time high and then reverse. Case 3 - Market crosses 32200 level, a short setup can be made. Since it will be Wednesday, PUT SIDE premiums need to be adjusted, so...
Buy above 32225 for the targets of 32350, 32425, and 32500. SL for the Buy Trade would be 32240. Sell Below 32000 for the targets of 31900, 31800, and 31700. SL for the Sell Trade would be 32110. To motivate me, Please like the idea If you agree with the analysis. Happy Trading! InvestPro India Team
We can see Banknifty is forming a Triangle pattern. Wait for clear breakout or breakdown of the pattern. Don't rush and be patient.
Sell BankNifty if sustains below 31000 for the targets of 30900, 30800, and 30700. Consider buying only above 31500. I would also try to update the idea during market hours. Happy Trading! InvestPro India Team
We can see market has given a breakout of 15 min range in the end. Case 1 - Market opens big gap up, comes down, takes support and shows bullish sign then I will go long. Case 2 - Market opens flat and form 5 min bullish candle above the range, I will go long Case 3 - Market is within the range and consolidates and breaks down the 15 min range, I will go...
As long as Banknifty is trading in between the purple range, I am not expecting any big movement as such and hence will go for scalping trades if any. Let's wait patiently for the market to breakout/breakdown of the range. Nifty has already made an all time high, which is a good indication that Banknifty might also touch all time high before a big correction...
If we are right at identifying pattern then Banknifty should retrace from wave (4) in 30907-30628 range without breaking above 31454. And 30907-30628 is also support range.
Violet line is resistance,red is support,white is breakout or breakdown . Red box is no trade zone.
BREAKOUTS NEEDED ON ANY SIDE. MARKET INSIDE TIGHT RANGE.
BankNifty is supported at lower channel. RSI is also supporting around 48-49. However Nifty is still stucked in box. If BankNifty breaks channel support the next immediate support around 21600±(30). Let's see where it goes up or down. Disclaimer:- your capital at risk. Consult with your financial advisor before do any action and trade with own analysis research.
Hii this is trader Kanishk This is BANK NIFTY Here the phase is very volatile and we don't have to took long position in bank nifty. With till it breaks the trend line and then short it. this is a bear market phase and this is not the recovery this is the bullish trap . so please avoid yourself to put the long positional trade at this time without any...
Last day we saw a big fall in banknifty in the second half due to huge profit booking. Today also we see big movement in banknifty due to expiry. In the first hour, banknifty may trade between 21050 to 21950. If banknifty not able to hold above 21000 levels we will get big downfall of 500-1000 points. Today the market may be cautious so trade safely.