Hello Traders,
Following are my analysis:
Resistance Level :
1. Strong Resistance Zone exists at 35200-300.
2. Strongest Resistance at 35500 .
* Increasing resistance above 35500.
Support Level :
1. 35000 is Strongest Support Level .
2. 34500 is a Strong Support.
3. 34800-900 is Good Support Zone .
Sideways Possibility:
More Sideways above 35000 to 35200 , if...
Hello Traders,
Following are my analysis:
Resistance Level :
1. Strong Resistance Zone exists at 35700-800.
2. Strongest Resistance at 35500 .
* Increasing resistance above 35500.
Support Level :
1. 35000 is Strongest Support Level .
2. 34500 is a Strong Support.
3. 34700-800 is Good Support Zone .
Sideways Possibility:
More Sideways above 35000 to 35200 , if...
BankNifty opened flat, took support near 35400 zones and we saw an up-move towards the 35700 zones. We bought 34700 PE at 190 which gave good profit in the morning. BankNifty was trading in 200 points range for almost the entire day 35500-35700 which was broken on the upside in the last 30 mins.
Expectations for Tomorrow: Range-bound day volatility after 1:00...
BankNifty opened a flat, made a high of 35811 against our buy level 35820 and we saw a bearish day, we kept making lower lows and BN gave a surprising move today. For tomorrow 35000-34900 is the support zone see be cautious if you are holding a short position.
Expectations for Tomorrow: Volatile day.
Intraday Levels:
Buy Above 35400
Sell Below 35150
To motivate...
Hello Traders,
Following are my analysis:
Resistance Level :
1. Good Resistance Zone exists at 35700-800 and 36200-300.
2. Strongest Resistance at 36000 .
3. Strong Resistance at 35700.
* Increasing resistance above 35700.
Support Level :
1. 35000 is Strongest Support Level .
2. 34500 is a Strong Support.
3. 35200-400 is Good Support Zone .
Sideways...
BankNifty opened with a gap-up above our Buying level of 34900, sustained above this level and closed above 35200. Due to slow and choppy movement, we bought 35200 CE July Month which gave good profit.
Expectations for Tomorrow: Range-bound day.
Resistance: 35322
Support: 35014
Intraday Levels:
Buy Above 35250
Sell Below 35000
To motivate me, Please like the...
Hello Traders,
Following are my analysis:
Resistance Level :
1. Good Resistance Zone exists at 35300-35400 and 35700-800.
2. Strongest Resistance at 36000 .
3. Stronger Resistance at 35500.
4. New immediate Resistance is 35300
* Increasing resistance above 35500.
Support Level :
1. 35000 is Strongest Support Level .
2. 34500 is a Strong Support.
3. 34700-800 is...
BankNifty opened with a minor gap-up and it faced resistance near our Buy level which was 34800, we bought 34700 PE at 255 which gave a good profit. In the second half, it broke 34800 levels and hit the first target as per the trade set-up.
BankNifty is trading in a triangle pattern and the range is narrowing down, we are expecting a big trend move once it breaks...
Hello Traders,
Following are my analysis:
Resistance Level :
1. Strong Resistance Zone exists at 35200-35300.
2. Strongest Resistance at 35000 .
3. Stronger Resistance at 35500.
4. New immediate Resistance is 34900
* Increasing resistance above 35000.
Support Level :
1. 34500 is Strongest Support Level .
2. 34000 is a Strong Support.
3. 34700-800 is Good Support...
BankNifty opened a flat and soon it tested lower range, we bought 34700 CE at 130 which gave good profit. Overall it was a range-bound day and we saw some volatility after 1:30 as analyzed. Overall it was a good day for Option Sellers.
Expectations for Tomorrow: Trending Day.
Resistance: 35020
Support: 34480
Intraday Levels:
Buy Above 34800
Sell Below 34650
To...
Hello Traders,
Following are my analysis:
Resistance Level :
1. Strong Resistance Zone exists at 35200-35300.
2. Strongest Resistance at 35000 .
3. Stronger Resistance at 35500.
4. New immediate Resistance is 34800
* Increasing resistance above 35000.
Support Level :
1. 34500 is Strongest Support Level .
2. 34000 is a Strong Support.
3. 34600-700 is Good Support...
Hello Traders,
Following are my analysis:
Resistance Level :
1. Strong Resistance Zone exists at 35200-35300.
2. Strongest Resistance at 35000 .
3. Stronger Resistance at 35500.
* Increasing resistance above 35000.
Support Level :
1. 34500 is Strongest Support Level .
2. 34000 is a Strong Support.
3. 34600-700 is Good Support Zone .
Sideways Possibility:
More...
BankNifty opened flat and faced resistance near our buy level, there was also a falling resistance line. We bought 35200 PE in the morning around 240 which hit all our targets in just 10 mins. BankNifty took support from the 34900 zones and we have seen a good rally towards the 35200 zone which was again our resistance level and we again saw rejection and sharp...
BankNifty opened with a minor gap-down and came to test the support zone 35050-34950, took support, and traded in the range. Overall BankNifty was looking bearish today though it was able to close above the physiological level of 35000. For tomorrow, if we open with Gap-up, look for the selling opportunity, if opens Gap-down follow the price action.
Expectations...
Hello Traders,
Possibility of market opening as Flat.
Resistance Level :
1. Strong Resistance Zone exists at 35500-35800.
2. Strongest Resistance at 35500 .
3. Stronger Resistance at 36000.
Support Level :
1. 35000 is Strongest Support Level .
2. 34800 is a Strong Support.
3. 35200-300 is Good Support Zone .
Sideways Possibility:
More Sideways above 35200 to...
BankNifty opened with a minor gap-up and trading in a range but BankNifty didn't break the previous breakout zone 35220-35150, it was a tough day for the Option buyers. For tomorrow, if BankNifty sustains above 35500 we may see rally towards 35750-35780.
Expectations for Tomorrow: Trending day.
Resistance: 35731
Support: 35050
Intraday Levels:
Buy Above...
