BankNifty Quarterly Report
Banknifty is down -123pts ~ 0.28% in this quarter i.e between 28th Jun 2023 to 28th Sep 2023. It had formed a head and shoulders pattern till 16th Aug - but there was no followthrough. A second H&S pattern is underway as the first shoulder formed on 24 Aug and the head by 15th Sep. If you look at the heads of both H&S together - it...
"Good morning, friends! As of September 28th, the global market sentiment is neutral (based on the Dow Jones), while our market trend remains moderately bullish. It may open neutral, slightly gap-up, or even gap-down. After the market's open, if it breaks or consolidates around the immediate resistance, we can expect a pullback continuation with minor...
As today market trapped sellers & and ended at previous day close
So, there's no lquidity as sellers got out before market can take there money
As market ends in a consolidation means there's not enogh money to go up or down
Best probabily is market will open high tomorrow to trap buyers and gain their lequidity to come down and then take major seller money to...
The above plotted levels on the chart should be considered only when BANKNIFTY opens flat on 28-09-2023.
If BANKNIFTY opens GAP-UP or GAP-DOWN on 28-09-2023 then the following calculations must be considered:
Level 1 = OPEN PRICE (28-SEP) -92.20
Level 2 = OPEN PRICE (28-SEP) - 250.35
Level 3 = OPEN PRICE (28-SEP) - 109.20
Level 4 = OPEN PRICE (28-SEP) +...
BANKNIFTY Intraday Trade Setup For 28 Sep 2023
Bullish-Above 44670
Invalid-Below 44560
T- 45040 45270
Bearish-Below 44490
Invalid-Above 44600
T- 44200 43915
BANKNIFTY has closed on a flat note today after a huge roller coaster ride today. One more time let me just remind you all it was discussed 44500 is going to be base zone in the weekend outlook. Also it was...
The plotted levels on the chart should be considered only when BANKNIFTY opens flat on 27-09-2023.
If BANKNIFTY opens GAP-UP (Open > Previous High) or GAP-DOWN (Open < Previous Low) on 27-09-2023 then the following calculations must be considered:
Level 1 = OPEN PRICE (25-SEP) - 116.25
Level 2 = OPEN PRICE (25-SEP) - 286.40
Level 3 = OPEN PRICE (25-SEP) -...
A doji is formed on the daily charts and now there is a confusion in the market where it will go after testing the recent high.
Banknifty has closed gaining 150 points but nifty remained silent and closed flat.
On the hourly charts, there is a moving averages cross over and it taking resistance from the levels.
There was a both side movement today and has...
"Good morning, friends! As of September 20th, there has been no change in the global market sentiment. Dow Jones still exhibits a negative sentiment, while our market trend remains moderately bullish with a 'C' pullback wave structurally. However, if the market opens with a gap-down, Monday's range will serve as a range-bound boundary.
In my personal opinion,...
BankNifty Analysis
Yesterday I had a bearish call for banknifty, recap: “My first target of 44451 was hit — but it was not enough to build up momentum. As long as BN stays below 45399 I wish to maintain the bearish call. This is in spite of the day ending with a gain of 154pts.”
If you look at the 5mts chart pattern, its hard to notice the bearishness, but if...
BANKNIFTY Intraday Trade Setup For 27 Sep 2023
Bullish-Above 44725
Invalid-Below 44615
T- 45040 45252
Bearish-Below 44530
Invalid-Above 44640
T- 44225 43917
BANKNIFTY has closed with a slight bearish note with 0.32% cut today. In the weekend analysis it was discussed that index can form a base near 44500 and probability of sideways is high after a parabolic...
Bank Nifty Spot Price : 44624.20. - VIX SPOT Price : 11.19. -
Bank Nifty Daily Range : 44363 To - 44886. - Watch Option Strike : 44700 CE & 44700 PE.
I Am Not Sebi Registered Analysis, This Is Education Purpose Only.
Dear Followers.. Trend Is Our Friend..
1. Draw The Lines In Your Trading View.. Then Only You Understand My Statistical Startegy.
2....
BankNifty important levels to watch are as follows
#Support: 44620
Sell below: 44620 only on 15 minute candle closure below the level.
Target 1: 44480
Target 2: 44250
#Resistance: 44780
Buy Above: 44780 only on 15 minute candle closure Above the level.
Target 1: 45000
Target 2: 45250
#Remember each level will act as a support and resistance individually...
"Good morning, friends! As of September 26th, global market sentiment is slightly negative, primarily due to the performance of the Dow Jones. Our market trend is moderately bullish, but there is some structural bending in the 'C' pullback wave. So, if it opens gap-down, yesterday's range will act as a range-bound boundary. On the other hand, if it breaks either...
BANKNIFTY Intraday Trade Setup For 26 Sep 2023
Bullish-Above 44940
Invalid-Below 44830
T- 44179 45400
Bearish-Below 44580
Invalid-Above 44690
T- 44250 43917
BANKNIFTY has closed on a slight bullish note with 0.35% gain today. It was discussed in the weekend that we will give pullback of the fall and 44500 zone can be the probable bottom. Today it gave a sharp...
The plotted levels on the chart should be considered only when BANKNIFTY opens flat on 26-09-2023.
If BANKNIFTY opens GAP-UP (Open > Previous High) or GAP-DOWN (Open < Previous Low) on 26-09-2023 then the following calculations must be considered:
Level 1 = OPEN PRICE (25-SEP) - 131.20
Level 2 = OPEN PRICE (25-SEP) - 292.20
Level 3 = OPEN PRICE (25-SEP) -...
BankNifty Analysis
The real reason Nifty50 went sharply up from 11.00 to 13.30 was due to banknifty. In the same period BN added 534pts ~ 1.20%. The spikes in most banks did not have a natural rhythm to it. Most likely this may be due to some news event. I was not able to find any relevant trigger post market hours also.
The chart patterns were similar on...
