Bank Nifty Heading towards 43600..?
BEARISH Trend Continues...
Demand and Supply Zones - When price breaks the zone, Demand zone will become Resistance and Supply zone will become Support.
Refer the chart for detailed Intraday Support and Resistance levels.
Happy Trading!!
Banknifty important levels to watch are as follows
#Support: 44138
Sell below: 44138 only on 15 minute candle closure below the level. scalpers may short below 44200 only for scalping.
Target 1: 44000
Target 2: 43880
Target 3: 43780
#Resistance: 44356
Buy Above: 44356 only on 15 minute candle closure Above the level.
Target 1: 44490
Target 2:...
"Good morning! As of August 28th, 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 zone, we can anticipate a correction. Alternatively, if the...
Bank Nifty Heading towards 43600..?
BEARISH Trend Continues...
Yes it is, Look for SELL entry 44190/44250 for 43600 Target tomorrow.
Demand and Supply Zones - When price breaks the zone, Demand zone will become Resistance and Supply zone will become Support.
Refer the chart for detailed Intraday Support and Resistance levels.
Happy Trading!!
As per current charts we can BNF in a good consolidation phase we can see a up move in next week as per current structure and other indication. In upcoming days around 10 September we can see a good down fall 44600 after consolidation with stop loss of 44500. lets see what happens. I will share this chart again if it is happening like this thanks
BANKNIFTY Intraday Trade Setup For 28 Aug 2023
Bullish-Above 44360
Invalid-Below 44250
T- 44631 44950
Bearish-Below 44130
Invalid-Above 44240
T- 43825 43518
BANKNIFTY has closed with slight cut in the last trading session. Last week after sustaining above 44100 in the hourly TF it gave a very fantastic move till 44900. Now if it sustains above 45000 in daily TF...
Banknifty has formed a gravestone doji after retesting 50% fibonacci level of the recent swing.
It has retest the upper levels after taking support from the 20 ema on weekly charts and is trading above the level.
On the daily charts, the market has been trading below the 20 ema and hasn't closed above the moving averages. There was a gap up opening above the...
Banknifty made a strange pattern today, opening mega gap down and then breaking the support of 44068 by 10.30. And then climbing back to the open levels. From there it stayed in that tight range for the rest of the day.
From an intraday fall of 1.07% it is quite commendable that banknifty was able to recover and close only 0.59% lower. I was not quite sure why...
Donot Initiate Trades Blindly,Banknifty is Very Bullish compared to Nifty.
Buy on Demand and Book your Profits at Supply maintaining your Stoplosses.
Follow Price action (PA) at the Levels i have mentioned.
Initiate Trade with Stritct SL.
Levevls are based on Zones.
The FASP for BankNifty is listed for 25-08-2023. 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...
"Good morning! As of August 25th, the global market sentiment is negative, based on the Dow Jones alone. The market trend is bearish, and the market might open with a long gap down. Therefore, we don't know where it will open. If the market finds support around the immediate support zone, we can expect a minimum pullback of 23% to 38%. On the other hand, if the...
Banknifty has given a flat closing after a gap up opening of more than 200 points and unable to close above the 20 ema.
On the hourly charts, there was a sell off after the first hour candle and the trend continued and started trading below 200 ema in the second half.
Dow Jones is also trading in red. Indian market may also be bearish in short term.
The market...
BANKNIFTY Intraday Trade Setup For 25 Aug 2023
Sell_1-From 44755
Invalid-Above 44865
T- 44500 44280
Sell_2- Below 44430
Invalid-Above 44540
T- 44175 43915
BANKNIFTY has closed on an absolutely flat note today after a big roller coaster ride. After the breakout of our bullish reversal key level- 44100 in hourly TF it gave a very good momentum 44949. Today it...
BankNifty Weekly Analysis
Between the last expiry and today, BankNifty has gained 595pts ~ 1.36%. This is exactly why I said banknifty works as a leading indicator to detect trend changes. If you notice carefully the outperformance has started in BN, not quite in N50 (up only 0.17% weekly). And in the turn of events today, BN held its ground - cheers for that !
...
"Good morning! As of August 24th, the global market sentiment is positive (based on the Dow Jones alone), and the market trend is moderately bullish. The market might open with a gap-up. If the market reaches resistance with consolidation, we can expect a minor correction. On the other hand, if the initial market experiences a sharp rally, then the rally is likely...
We will start with BankNifty today, because we had a reversal pattern today. According to me trend changes are first spotted on BankNifty and hence it works as a leading indicator.
This is what I said in yesterday’s report: Also note that the falling wedge will converge tomorrow, so a strong up move is more dangerous. The bulls will use that opportunity to drive...
NiftyBank Expiry Trade setup 24th Aug 2023
Looking for profitable Options trading opportunities for the week of 24th Aug-25th In this Blog I'll be sharing the option buying and selling levels for Banknifty for the week 24th Aug 2023,Learn how to make informed decisions and maximize your returns in the stock market. Don't miss out on this valuable trading insight!...
