BANKNIFTY Intraday Trade Setup For 30 Apr 2024 Bullish-Above 49500 Invalid-Below 49390 T- 50085 Bearish-Below 48940 Invalid-Above 49050 T- 48480 BANKNIFTY has closed on a bold bullish note after a long time with 2.54% gain today. Buy triggered as per trade setup above 48510 and index just sky rocketed till 49470. In the weekend we discussed that 48700 and 47700...
BANKNIFTY Intraday Trade Setup For 29 Apr 2024 Bullish-Above 48510 Invalid-Below 48400 T- 49070 Bearish-Below 48070 Invalid-Above 48180 T- 47550 BANKNIFTY has closed on a neutral note last week, formed a spinning top candle in weekly TF. Index is just following the rising parallel channel since Feb. Last swing low in hourly TF is 47737, below 47700 there can be...
As we discussed the live market Banknifty analysis, after that, it showed a huge fall. If we look at the chart now: The market is trading at the 200 EMA, which is likely a very good support point. Also, it gave a nice pullback with good volume in the last 15 min. Also, the market is trading at the 0.23 fib level, which is not likely to provide support...
BankNifty Analysis - Stance Bullish ⬆️ Banknifty falls 293pts ~ 0.61% today, but I have not changed the stance to neutral yet. The charts are not as weak as Nifty50 and there was some restraint on how BN hit the lows today. After opening gap up, BN took a dip and then got its head back by 13.11. HDFC Bank's price action was extremely unusual, making an unusual...
BankNifty opened with a gap down of 400+ points and took the support of 47900 and reversed till resistance zone of 48550 in the second part of the trading. Now the resistance zone of 48250 is a support zone. If BankNifty sustains above the resistance of 48550 we can expect a upward movement to below resistance levels Resistance 1 48550 Resistance 2 48800 ...
BankNifty Analysis - Stance Bullish ⬆️ BN also gets a stance upgrade to bullish, the momentum that was lacking till now came from sources we never knew existed. Kotakbank has a stunning 9.11% weightage on BN index and despite it being 10% down, BN managed to rally 886pts ~ 1.86% intraday today. BN managed to surpass the 48103 resistance which gave it the bullish...
BANKNIFTY Intraday Trade Setup For 26 Apr 2024 Bullish-Above 48650 Invalid-Below 48540 T- 48250 Bearish-Below 48050 Invalid-Above 48160 T- 47550 BANKNIFTY has closed on a bullish note with 0.63% gain today. It opened with a big gap down of 400 points and then recovered immediately and ended closing near day high. Seeing today's daily candle if index flat...
BANKNIFTY INDEX Key highlights: 💡⚡ 📈 On 1 Day Time Frame Banknifty index Showing Reversal of Broadening Wedge Pattern. 📈 It can give movement upto the Reversal Final target of Above 49340+. 📈 There have chances of breakout of Resistance level too. 📈 After breakout of Resistance level this Banknifty index can gives strong upside rally upto Above 51957+. 📈 Can Go...
BankNifty slightly varies from Nifty. We have a clear correctional variation: if the market sustains the gap-down, it may go into flat correction, reaching a minimum of 47853 to the 38% Fibonacci level. One more thing, if it finds support around 47853-50, then we can expect a range market, possibly reaching the previous high again. But there's no problem if it's...
Today will be gap down opening in BANKNIFTY. After opening if banknifty start trading below 47950 level then possible downside rally of 400-500 points upto 47550 Level & this rally can can extend another 400 points if market gives breakdown 47450 level in todays session.Any Major upside only expected in case banknifty starts trading above 48050 level.also possible...
BankNifty is still trading within the range of 47900 and 48250 for past two days. It is well know here that 48250 is acting as a major resistance. We can expect a bullish move only if BankNifty sustains above 48250. There is no change in the Support & Resistance levels. If BankNifty sustains above the resistance of 48250 we can expect a upward movement to above...
BankNifty touched the resistance zone of 48250 and reversed from there. Post which we had a sideways market. It also to be noted that VIX has crashed nearly 20% for today. We can expect a sudden fall or raise in market due to this crash in upcoming days. Also, this will be good trade setup for option sellers but still the sudden spike n market will affect their...
BANKNIFTY Intraday Trade Setup For 24 Feb 2024 Bullish-Above 48310 Invalid-Below 48200 T- 48755 Bearish-Below 47890 Invalid-Above 48000 T- 47300 BANKNIFTY has closed almost on a flat note today. It opened with a big gap and was sold into immediately like yesterday. 10 o'clock range was to be used as per setup but index did not break out any side. It traded...
Banknifty also has the same sentiment, although it didn't experience as much of a pullback yesterday. So, here also, if the gap-up sustains, then we can expect a rally continuation with minor pullbacks. Alternatively, if it rejects around the supply zone or if the market initially declines sharply, then we can expect a minimum of 38% to 50% fib correction.
Today will be gap up opening in BANKNIFTY. After opening if banknifty sustain above 48050 level then possible upside rally of 400-500 points upto 48450 level in todays session.Any Major downside only expected in case banknifty starts trading below 47950 level.
BankNifty Analysis — Stance Neutral ➡️ The show on BankNifty was sponsored by HDFC Bank which had its quarterly results declared over the weekend. The sharp gap-up opening and then falling to close the gap were all attributed to the price action of HDFCBK. Despite the elephant losing 1.25% today, BN managed to close in strong GREEN. BN also managed to defend...
BANKNIFTY Intraday Trade Setup For 23 Apr 2024 Bullish-Above 48150 Invalid-Below 48040 T- 48665 Bearish-Below 47600 Invalid-Above 47710 T- 47090 BANKNIFTY has closed on a bullish note with 0.74% gain today. It opened with a big gap up and 10 o'clock range was to be used as per setup but index kept itself inside the range. 0.618 was respected so now we have got...
BankNifty also has the same sentiment. It had a solid pullback in the last session, so here also we can expect minor correction only if it rejects around the immediate resistance level. However, if the gap-up sustains or breaks the immediate resistance with a solid structure, then the rally will likely continue.