"Good morning! As of June 30th, there is no significant difference compared to the last session. the global market is showing a positive start with bullish market sentiment. It might open with a gap-up. After that, if it rejects the immediate resistance zone, we can expect a minor correction for rally continuation. Alternatively, if the correction breaks the Fib...
"Good morning! As of June 28th, the global market is showing a positive start with bullish market sentiment. It might open with a gap-up. After that, if it rejects the immediate resistance zone, we can expect a minor correction for rally continuation. Alternatively, if the correction breaks the Fib level of 38%, it might turn the range market into a correction."
Today will be gap up opening in BANKNIFTY . After opening if banknifty sustain above 44050 level then possible upside rally of 400-500 points upto 44450 Level. And this rally can extend for another 400 points if it gives breakout of 44550 level. Any Major downside only expected in case banknifty starts trading below 43950 level.
"Good morning! As of June 27th, The global market is showing a neutral to a slightly positive start with a moderately bearish market sentiment. There is a possibility of a slight gap-up opening. If the market experiences a pullback afterward, we can expect a minor pullback to reach the immediate resistance zone. If the market turns around there, we can anticipate...
"Good morning! As of June 26th, the same sentiment continues; there is no significant difference compared to the last session. The global market is showing a neutral to slightly positive start with a moderately bearish market sentiment. There is a possibility of a slight gap-up opening. If the market experiences a pullback afterward, we can expect a minor...
Aready three times rejected from 44000 levels , as you can see a big pattern support
downside, if banknifty breaks down this support then it may easily 43300.
upside trend is still pretty much at distance , if price goes above 43779 , then it may face
powerful resisdtance , follow C2C asap asnd trail SL, do not leave open position without SL to upside trades.,
Banknifty on the weekly charts has been forming doji after doji and has lost 300 points on week to week close.
It has been consolidating on the higher levels but nifty is not supporting the up move. As nifty is still to form a new ATH whereas, banknifty has formed a new ATH.
On the daily charts, market has formed a perfect doji candle after a gap down opening....
Bank Nifty is moving down side, if it break the support levels then it will take a dip and give a rally on up side, take a look on levels, this is only for educational purpose , this is my personal view only for paper trade , please share your views in comments section
Today will be gap down opening in BANKNIFTY . After opening if banknifty start trading below 43950 level then possible Downside rally of 400-500 points upto 43550 Level. And this rally can extend for another 400 points if it gives breakdown of 43450 level. also possible Reversal upside rally 43550 level.
Expectations: Volatile Day
Intraday Levels:
Buy Above - 43950
Sell Below - 43700
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Happy Trading!
InvestPro India Team
As per my setup BN is on its resistance on 15 min. I have used FIB retrace for target & SL which are mention on chart. This is a positional trade thus I have also carried a CE OTM in case if there is any gapup or change in direction which could simply hedge my position or reduce my loss. If I end in profit I still would just pay for the premium for CE.
"Good morning! As of June 22nd, there is no significant difference compared to the last session. The global market is showing a neutral to slightly negative start with moderately bullish market sentiment. It is possible that the market might open slightly gap-down. After that, if it experiences a pullback, we can expect a continuation of the rally with minor...
Banknifty has been trading in a single candle for 4 days. It has closed near the Daily 20EMA.
Market has been respecting a trend line and it taking serious rejection from the line. Its break out can give recent high 44500 as target.
A kind of cup and handle is also being formed, on the hourly charts, and bullish moving averages cross over is also there.
On 15...
"Good morning! As of June 21st, the global market is showing a neutral to slightly negative start with moderately bullish market sentiment. It is possible that the market might open neutrally. After that, if it experiences a pullback, we can expect a rally continuation with minor corrections. On the other hand, if the initial market declines sharply, the range...
Banknifty has taken a good support from the round figure level of 43500 and bounced back to test 43700 levels.
Market from the first hour came for selling and tested the support levels and closed below both the moving averages on the hourly charts.
A break down and retest has been done by the market. Market may fall this week and after crossing the 43400 levels,...
Good morning! As of June 19th, the global market indicates a slightly positive start with bullish market sentiment. It might open with a gap-up. After that, if it rejects the immediate resistance zone, we can expect a min of 38 to 61% fib correction. On the other hand, if the initial market declines sharply, that's a sign of the range market.
A nice expiry this week and a good reversal too.
Banknifty on the weekly expiry has given a very nice move of 500+ points and the option premium took a toll from the first hour.
Though, the market has formed a Harami pattern(bullish reversal) on the daily charts and a dragon fly doji on the weekly charts.
For last 3 weeks, it has been closing in a range of 400...
Bank nifty is at crucial support level at 43443. If it breaks then we can see more fall towards 42000 levels.
buy above 43480 target 43572,43655,43755,
sell below 43443 target 43333, 43222,43111
![BANKNIFTY: [INTRADAY] #BANKNIFTY PE & CE Levels(28/06/2023)](https://s3.tradingview.com/7/7RlRY2Sj_mid.png "[INTRADAY] #BANKNIFTY PE & CE Levels(28/06/2023)")
![BANKNIFTY: [INTRADAY] #BANKNIFTY PE & CE Levels(23/06/2023)](https://s3.tradingview.com/k/k3xa2TZr_mid.png "[INTRADAY] #BANKNIFTY PE & CE Levels(23/06/2023)")
