"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...
The plotted levels on the chart should be considered only when BANKNIFTY opens flat on 25-09-2023. If BANKNIFTY opens GAP-UP or GAP-DOWN on 25-09-2023 then the following calculations must be considered: Level 1 = OPEN PRICE (25-SEP) - 156.10 Level 2 = OPEN PRICE (25-SEP) - 322.10 Level 3 = OPEN PRICE (25-SEP) - 93.10 Level 4 = OPEN PRICE (25-SEP) +...
BankNifty important levels to watch are as follows #Support: 44550 Sell below: 44550 only on 15 minute candle closure below the level. Target 1: 44400 Target 2: 44200 #Resistance: 44675 Buy Above: 44675 only on 15 minute candle closure Above the level. Target 1: 44800 Target 2: 44950 #Remember each level will act as a support and resistance individually...
"Good morning, friends! As of September 25th, global market sentiment is negative, primarily due to the performance of the Dow Jones. The market trend is bearish, and it may open with a slight gap-down. Additionally, there is a sub-wave 5 forming. So, after the gap-down, if the initial market experiences a sharp pullback around the immediate support zone, then we...
There are multipul seller zoner and seller sl area above there are none buyers sl area below. so,buying probebility becomes high and also 50 billion from J.P. Moegen. There are multiple short cover moves upside so be cautious of selling because there are no sellers right now. and market will trap sellers so it can gain lequidity to go up ad hit SHOORT COVER area
BANKNIFTY Intraday Trade Setup For 24 Sep 2023 Bullish-Above 44790 Invalid-Below 44680 T- 45050 45385 Bearish-Below 44540 Invalid-Above 44650 T- 44270 44000 BANKNIFTY has closed on a complete bearish note last week with 3.5% cut. It has formed a double top structure in daily TF although breakout of the neckline (43600) will be the validation. Currently it is...
BankNifty important levels to watch are as follows #Support: 44600 Sell below: 44600 only on 15 minute candle closure below the level. Target 1: 44410-44400 Target 2: 44220-44200 #Resistance: 44720 Buy Above: 44720 only on 15 minute candle closure Above the level. Target 1: 44850 Target 2: 45040 #Remember each level will act as a support and resistance...
Good Morning Traders. Guy's Banknifty fell 761 points in yesterday's session. It plunges almost 1.7% in just intraday and end at 44624 and formed a long bearish candlestick pattern on the daily time frame. Banknifty fell down below 45000 mark for the first time in several days. Relative strength index signalled bearishness with a bearish crossover on the daily...
"Good morning! As of September 21st, there is no significant difference compared to the last session. Global market sentiment is negative, primarily due to the performance of the Dow Jones. The market trend is bearish, and it may open with a significant gap. If the initial market experiences a sharp pullback around the immediate support zone, then we can...
BANKNIFTY Intraday Trade Setup For 22 Sep 2023 Sell_1-From 45040 Invalid-Above 45150 T- 44800 Sell_2- Below 44590 Invalid-Above 44700 T- 44345 44100 BANKNIFTY has closed on a bearish note once again with 1.68% cut today. Once again it opened with slight gap down and tested our sell level. It just crashed after that and all targets were achieved (45270- 44593)....
Good Morning Everyone. Banknifty Declined 252 points on last trading session due to profit booking in last hour and given closing at 45980, and formed a bearish candlestick pattern with a minor upper shadow on the daily timeframe. Today Global market looking mix to bearish side. We can also see kind of similar market in today's session. if bank nifty hold...
"Good morning! As of September 21st, global market sentiment is negative, primarily due to the performance of the Dow Jones. The market trend is bearish, and it may open with a significant gap. We don't know where it will open, but the sentiment remains the same. If the initial market experiences a sharp pullback around the immediate support zone, then we can...
BankNifty Weekly Analysis Between the last expiry and today, banknifty has fallen only 0.98% ~ 451pts. Today’s fall was much higher than that ~ 595pts. Most importantly we had a top like formation that got completed this week. And since Banks turn first - we can always consider it as a leading indicator during trend reversals. BankNifty Today Analysis The...
BANKNIFTY Intraday Trade Setup For 21 Sep 2023 Bullish-Above 45470 Invalid-Below 45360 T- 45650 45820 Bearish-Below 45270 Invalid-Above 45380 T- 45025 44780 BANKNIFTY has closed on a bearish sentiment with 1.29% cut today. It opened with a big gap down and 10 o'clock range was to be used as per trade setup. Range broke downside below 45454 and last swing high...
"Good morning! As of September 20th, global market sentiment is slightly negative, primarily due to the performance of the Dow Jones. The market trend is moderately bearish; it may open with a slight negative gap. After that, if it breaks the immediate support zone, we can expect a continuation of the correction. On the other hand, if the initial market...