BANKNIFTY Intraday Trade Setup For 1 Sep 2023 Bullish-Above 44110 Invalid-Below 44000 T- 44357 44583 Bearish-Below 43890 Invalid-Above 44000 T- 43600 43239 BANKNIFTY has closed on a bearish note with 0.55% cut today. Yesterday I indicated a pullback scenario to short again from higher levels. This was simple market structure thing as yesterday's impulse needed...
"Good morning! As of August 31st, the global market sentiment is neutral (based on the Dow Jones alone). The market trend is bearish, and the market might open with a slight gap-up. after that, if the gap-up doesn't sustain and there's a sharp decline, the correction will likely continue. On the other hand, if the gap-up sustains and breaks the 38% Fib level, the...
#Banknifty at the moment with Bullish trend with the Grip of Bears. Follow Price Action at these levels to initiate your trades.
BANKNIFTY Intraday Trade Setup For 31 Aug 2023 Sell_1_From 44550 Invalid-Above 44660 T- 44350 44150 Sell_2- Below 44140 Invalid-Above 44250 T- 43875 43600 BANKNIFTY has closed on a bearish note today with 0.59% cut. It opened with a very big gap up today so 10 o'clock range was to be used as per trade setup. 10 o'clock range broke downside below 43635 and last...
The FASP for BankNifty is listed for 31-08-2023. You can add this levels to your trade setup for better results. This should not be the only indicator but an additional tool to increase your winning possibilities. What is Fibolysis Anchor SupRes Points(FASP)? It is a unique level arrived by using Fibonacci Retracement , Fibonacci Extension , Standard Pivot levels...
BankNifty Analysis The intensity of the fall was much more profound on BankNifty rather than Nifty. Right from the gap-up open the CE options premiums were commanding more premium than usual indicating a strong directional move. As soon as banknifty started falling this elevated premiums went away further indicating that the trader’s expectations were not...
Banknifty is way more bearish than nifty. It has again not sustained the gap up and came for selling from the first hour of the session. The market is unable to close above the 20 ema and has agian closed below the levels after a gap up. It lost around 600 points from day high, the second half of the market gave a 400 points downside move, closing 260 points...
Banknifty 1day timeframe reacting #Double Bottom Strong support is over here 43720 to 43423 Good neckline supply zone 44727 to 44603 For short position should be below support are 43423 for long position should be above neckline area 44727 Please do analysis your own risk thank you
"Good morning! As of August 2nd, the global market sentiment is positive (based on the Dow Jones alone). The market trend is moderately bullish, and the market might open with a gap-up. Therefore, there is no significant difference from the last session. If the market sharply rejects the immediate resistance zone, we can anticipate a correction. Alternatively, if...
Today will be gap up opening in BANKNIFTY . After opening if banknifty sustain above 44550 level then possible upside rally of 400-500 points upto 44950 Level. And this rally can extend for another 400 points if it gives breakout of 45050 level. Any Major downside only expected in case banknifty starts trading below 44450 level.
The FASP for BankNifty is listed for 30-08-2023. You can add this levels to your trade setup for better results. This should not be the only indicator but an additional tool to increase your winning possibilities. What is Fibolysis Anchor SupRes Points(FASP)? It is a unique level arrived by using Fibonacci Retracement , Fibonacci Extension , Standard Pivot levels...
BankNifty Analysis Yesterday I had a bullish call for banknifty, but we ended up the day flat. Although the bulls got the gap-up above the swing high of yesterday - they were unable to capitalize on it. Since there was that gap up, the slow but falling price action ensured that the index is not closing in red. Intraday we had a fall of 239pts ~ 0.54% which is...
BANKNIFTY Intraday Trade Setup For 30 Aug 2023 Bullish-Above 44600 Invalid-Below 44490 T- 44840 45045 Bearish-Below 44420 Invalid- Above 44530 T- 44194 43915 BANKNIFTY has closed on an absolute flat note today. It was sideways the day. Nothing triggered as per trade setup today. Tomorrow if it sustains above today's high then there can be a good up move....
"Good morning! As of August 2nd, there is no significant difference compared to the last session. The global market sentiment is slightly positive (based on the Dow Jones alone). The market trend is moderately bullish, and the market might open with a slight gap-up. Therefore, we can expect a minor pullback afterward. If the market rejects the immediate resistance...
The FASP for BankNifty is listed for 29-08-2023. You can add this levels to your trade setup for better results. This should not be the only indicator but an additional tool to increase your winning possibilities. What is Fibolysis Anchor SupRes Points(FASP)? It is a unique level arrived by using Fibonacci Retracement , Fibonacci Extension , Standard Pivot levels...
Banknifty was in tremendous form today, it seemed like it came prepared to rally today. Even though point wise we had only a 403pts ~ 0.91% intraday swing, the context was so important. Firstly banknifty defended the 44068 support below which it would have got a serious bearish bias. Secondly we had a breakout on 24th Aug where we went up till 44949. Today’s...
BANKNIFTY Intraday Trade Setup For 29 Aug 2023 Bullish-Above 44615 Invalid-Below 44505 T- 44840 45045 Bearish-Below 44370 Invalid-Above 44480 T- 44100 43825 BANKNIFTY has closed on a bullish note with decent gain of 0.6% today. In the weekend we discussed that index is likely to maintain a sideways momentum till daily range (45000-43600) breaks, so one...
Banknifty looked positive today and has closed above the round level of 44500, closing 260 above. Still market faced rejection from 20 ema and has closed just below the levels. Though the market has formed a green candle, this might be a retracement of the previous swing for another bearish move. Market is standing around the 61.8% fib levels and has not closed...