Today we saw the roller coaster ride in BankNifty and it didn't break yesterday's acceptance zone which we shared during the live market. We saw an expected up-move and TradePro Subscribers booked great profits today as well. Trades we took today: > Bought BankNifty Fut at 33740 and booked 5250 per lot profit > Sold 33000 PE at 220 and booked 1500 per lot...
I can see a cup and handle formation and 33350 is the resistance which has become weak due to multiple tests, if broken can retest 34650 followed by 34750 level.
As analyzed it was a volatile day, BankNifty opened flat and immediately broke the sell level and we got almost 300 points fall. Trades we took today: > Bought BankNifty Fut and booked a profit of 120 points > Sold 33000 PE and booked 80 points profit > Sold 34500 CE and booked 32 points loss Overall good day for TradePro subscribers in such a choppy...
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...
As analyzed BankNifty made a low in the first 15 mins and gave a Trending move on the upside. As per set-up we got the Buying trade in the second half and met all the targets. Trades we took today: > Bought SBI Bank at 357.5, gave great profit > Bought ICICIPru at 420, gave great profit > Bought BankNifty Futures at 33570 and booked around 33720 which is 7500 per...
A continuation pattern of Head & Shoulder appears to be forming. The right shoulder is yet to form. Tomorrow, I expect the market to be volatile and trending on Wednesday or Thursday. A sharp selling will occur below 33350 level but there has to be a small retracement towards upside before continuing down.
33500 - 33550 is the acceptance zone for BankNifty. One can go long with 100-150 points SL. To motivate me, Please like the idea If you agree with the analysis. Happy Trading! InvestPro India Team
A similar scenario on Bank Nifty as that of Nifty 50. It will first retrace to 34,489.60 then fall to 32,858.85, then retrace back again till 33.372.45 and then fall again till 30,689.95. From 30,689.95, it will shoot up to take out 37,712.60
BankNifty gave both sides volatile moves as we analyzed for today. We opened with a big gap-up, which we used to sell and it was very easy to book great profits near support levels. BankNifty is falling for the last 5 trading sessions and we may see a bounce of 400-500 points so be cautious if you sell in Intraday. Trades we took today: > Sold BankNifty Fut at...
As we analyzed yesterday, BankNifty traded in a range the whole day and broken the support in the last 30 mins. As per setup, the Sell trade triggered below 34750 and hit all the targets. We sold 34500 PE at 255 near support in the morning and booked great profits. Expectations for Tomorrow: Volatile Moves. Resistance: 34560 Support: 33850 Intraday Levels: Buy...
Hugh chances of reversal if couldn’t close below 34000 On the other hand If 34000 is broken another 600-1000 points fall can be witnessed ✅ ALSO A EXPIRY WE CAN WITNESS SOME WILD MOVEMENTS TOMORROW 🚨
Today BankNifty opened with a Gap up and we immediately saw the sell-off. BankNifty is again near the lower range which is 34500-34400 levels. Let's see tomorrow if we see the breakdown or BankNifty again take support from these levels. Expectations for Tomorrow: Flat opening and range-bound market. Resistance: 35220 Support: 34450 Intraday Levels: Buy Above...
Rejecting seen right from trendline drawn yesterday In larger time frame, we can see it forming HEAD AND SHOULDERS PATTERN whose neckline is around 34500 levels, successful closing below 34500 can even lead to fill the gap till 33000 More inclined towards short WILL TRADE WHAT WE SEE RATHER THAN WHAT WE THINK
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,...
Today BankNifty above our Buy level and showed a good up-move. We took sell trades in SBI and HDFC Bank and booked great profits in Stocks. We also sold BankNifty Fut at 36125 with an SL of just 80 points and got a good fall of approx 600 points. Overall it was a great day. Expectations for Tomorrow: Range bound day Resistance: 36120 Support: 35550 Intraday...
Today we opened with a minor gap up, saw a good up-move, and face resistance near 35800 levels. We bought 35500 PE at 335 and it gave great profit today. Expectations for Tomorrow: Range bound day Resistance: 35700 Support: 34970 Intraday Levels: Buy Above 35550 Sell Below 35200 To motivate me, Please like the idea If you agree with the analysis. Happy...
Today we again opened with a gap down and traveled near our resistance line and again saw the rejection. Price came near 34900 levels which was again one of the levels marked with a white line. Expectations for Tomorrow: Both side moves. Resistance: 36300 Support: 34600 Intraday Levels: Buy Above 35320 Sell Below 35200 To motivate me, Please like the idea If...
Today we opened with a big gap down and then saw a good up-move, BankNifty faced resistance around our yesterday Sell Level 36250, and 36200 PE went 2x in less than an hour. Expectations for Tomorrow: Volatile Day Resistance: 36300 Support: 35450 Intraday Levels: Buy Above 36020 Sell Below 35750 To motivate me, Please like the idea If you agree with the...