Banknifty important levels to watch are as follows #Support: 43735 Sell below: 43735 only on 15 minute candle closure below the level. Target 1: 43520 Target 2: 43290 #Resistance: 43925 Buy Above: 43925 only on 15 minute candle closure Above the level. Target 1: 44070 Target 2: 44281 #Demand Zone: 43730-43810 may act as a immediate buying zone, and price...
"Good morning! As of August 18th, The global market sentiment is negative (based on the Dow Jones alone), while the market trend is moderately bearish. The market might start with a gap-down. After that, if the market takes a pullback around the immediate support zone, we can expect a range-bound market or a pullback continuation. If it breaks the immediate...
The FASP for BankNifty is listed for 18-08-2023. 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 Weekly Analysis The bears have managed to take out 674pts ~ 1.52% between the last expiry and today. A sign of momentum getting built. We have taken out 1 important support level of 44068 in this week - something to cheer for the bears. Overall sentiment is looking bearish as the EMAs are diverging. BankNifty Today Analysis We had a flat today, but...
BANKNIFTY Intraday Trade Setup For 18 Aug 2023 Bullish-Above 44075 Invalid-Below 43965 T- 44325 44575 Bearish-Below 43740 Invalid-Above 43850 T- 43490 43239 BANKNIFTY has closed almost flat today with minor cut of 0.13%. It has formed a neutral doji candle in daily TF. Buy triggered as per trade setup above 44005, last day it was said to be very strict in...
Banknifty important levels to watch are as follows #Support: 43860 Sell below: 43860 only on 15 minute candle closure below the level. Target 1: 43730 Target 2: 43600 Target 3: 43455 #Resistance: 43970 Buy Above: 43970 only on 15 minute candle closure Above the level. Target 1: 44180 Target 2: 44410 #Demand Zone: 43700-44800 may act as a immediate buying...
Bank Nifty Level fo 17 Aug #Support Buying Level - 43940-44060 #Selling Level - 43650 Below Note - Only for Edcation Purpose
"Good morning! As of August 17th, there isn't a significant difference from the last session. The global market sentiment is negative (based on the Dow Jones alone), while the market trend is moderately bullish. The market might start with a gap-down. After that, if the market takes a pullback around the immediate support zone, we can expect a range-bound market...
As Nifty50 price at upper trend line and Bank Nifty gave a upward move with support at 43600 next three trading session will decide whether there will be any upward move or not. 44200 level could be critical for BNifty, as it will be acting as immediate resistance and Downward trend line break level.
From the moment we started today, Banknifty looked and stayed bearish for the entire day today. In the opening minutes we dropped 1.06% ~ 465pts and then there was a decent recovery of 403pts ~ 0.93 by 15.05 Last session we discussed the support/resistance zone of 44068. We have broken that today and the close ensured we have conclusively breached it. HDFCBK made...
The FASP for BankNifty is listed for 17-08-2023. 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 Intraday Trade Setup For 17 Aug 2023 Bullish- Above 44005 Invalid-Below 43895 T- 44290 44575 Bearish-Below 43830 Invalid-Above 43940 T- 43535 43239 BANKNIFTY has closed with a 0.33% cut today. it opened with a big gap down but intraday sentiment changed after the 15 Min candle and slowly and slowly there was recovery. 10 o'clock range broke upside...
"Good morning! As of August 16th, the global market sentiment is negative (based on the Dow Jones alone), while the market trend is moderately bullish. The market might start with a gap-down. After that, if the market takes a pullback around the immediate support zone, we can expect a minimum 38% pullback. If it breaks the immediate support zone, then the...
The FASP for BankNifty is listed for 16-08-2023. 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 also made a decent recovery after the 482pts ~ 1.09% fall in the opening 20mts. It retraced 433pts by 15.00. And then fell a little to close out with only 0.2% losses @ 44090. Even though the recovery was good, it was not as dramatic as Nifty50. And we are back at an important support/resistance level of 44068. So bank nifty has retested its old SR...
BANKNIFTY Intraday Trade Setup For 16 Aug 2023 Bullish-Above 44215 Invalid-Below 44105 T- 44475 44737 Bearish-Below 43990 Invalid-Above 44100 T- 43770 43515 BANKNIFTY has closed with a minor cut of 0.24% today. Closing sentiment is bullish BTW as its a pin bar candle in daily TF. So above 44215 if sustained in 15 Min TF we can expect a continuation of today's...
"Good morning! As of August 14th, the global market sentiment is neutral to slightly negative (based on the Dow Jones alone), There is no significant difference from the last session. While the market trend is bearish. Therefore, there might be a start with a minor gap-down. After that, if the market takes a pullback around the immediate support zone, we can...
Hi, A Bearish Head and Shoulder Pattern is visible on the daily charts of $NSE:BANKNIFTY. So caution while going ahead in bank nifty. The breakdown is not yet cponfirmed.......... after the breakdown bank nifty may go down to 42000 in near term. After Confirm Breakdown levels will be poted..... If you agree with the idea then hit the airplane icon and don't...