Banknifty has taken a good support from the round figure level of 43500 and bounced back to test 43700 levels. Market from the first hour came for selling and tested the support levels and closed below both the moving averages on the hourly charts. A break down and retest has been done by the market. Market may fall this week and after crossing the 43400 levels,...
Good morning! As of June 19th, the global market indicates a slightly positive start with bullish market sentiment. It might open with a gap-up. After that, if it rejects the immediate resistance zone, we can expect a min of 38 to 61% fib correction. On the other hand, if the initial market declines sharply, that's a sign of the range market.
Today will be FLAT opening in BANKNIFTY . After opening if banknifty Start trading above 44050 level then possible upside rally of 400-500 points upto 44450 Level. Any Major downside only expected in case banknifty starts trading below 43950 level.
Banknifty has trendline resistance at 44044 level and it has support trendline at 43596 level. Buy above 44044 target 44219, 44434 sell below 43850 target 43727, 43599
As posted on thursday analysis, price beautifully recovered. Nifty & banknifty both are few points away to break ATH. IN coming days few can see a good momentum. As yet direction is up, however every breakout to be traded carefully
A nice expiry this week and a good reversal too. Banknifty on the weekly expiry has given a very nice move of 500+ points and the option premium took a toll from the first hour. Though, the market has formed a Harami pattern(bullish reversal) on the daily charts and a dragon fly doji on the weekly charts. For last 3 weeks, it has been closing in a range of 400...
Bank nifty is at crucial support level at 43443. If it breaks then we can see more fall towards 42000 levels. buy above 43480 target 43572,43655,43755, sell below 43443 target 43333, 43222,43111
Good morning! As of June 16th, the global market indicates a positive start with moderately bearish market sentiment. It might open with a gap-up. After that, if it rejects the immediate resistance zone (fib level 38%), we can expect a correction. On the other hand, if the gap-up sustains, we can expect a pullback continuation with minor consolidation.
Expectations: Volatile Day Intraday Levels: Buy Above - 43710 Sell Below - 43380 To motivate us, Please like the idea If you agree with the analysis. Happy Trading! InvestPro India Team
Today will be gap up opening in BANKNIFTY . After opening if banknifty sustain above 43550 level then possible upside rally of 400-500 points upto 43950 Level. Any Major downside only expected in case banknifty starts trading below 43450 level.
BANKNIFTY Intraday Trade Setup For 16 May 2023 Sell_1- Below 43390 Sl-43495 T- 43185 42970 Sell_2- From 43820 Sl-43925 T- 43607 43400 BANKNIFTY has closed on a bearish note with 1.24% cut today. It opened flat and sell triggered @43950. It was a perfect and dot level as fall started from this level. This gave a non-stop fall till 43400. Trade gave550 points, it...
Hello traders Hope you guys have made great profit today after breaking my level of 44050 for the target of 43750 and 43550 which is achieved today in expiry. If you see the post that are posted yesterday you will learn and earn great in share market. For now buying level will activate after crossing 43550 level and sustain above for some time then go for 43750...
BANKNIFTY Intraday Trade Setup For 12 Jun 2023 Buy-Above 44070 Sl-43965 T- 44288 44510 Sell-Below 43930 Sl- 44035 T- 43690 43290 BANKNIFTY has closed on with neutral gains last week but the sentiment was slightly bearish. It has formed a shooting star candle in daily and weekly TF both. Last week we discussed that index is inside the rising wedge pattern in...
The FASP for BankNifty is listed for 16-06-2023. 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...
Bank nifty pulled the nifty too in the second half of the session. The market has closed 500+ points lower after a consolidation. The market has closed around the support zone of 43400-450. The market can continue the fall or can retest before another leg. On the hourly chart, market has closed below both the moving averages and the fall started from the first...
Good morning! As of June 15th, the global market indicates a slightly negative start with moderately bearish market sentiment. It might open with a gap-down. After that, if it rejects the immediate support zone, we can expect a range-bound market. On the other hand, if the gap-down sustains, we can expect a continuation of the correction with minor consolidation.
Today will be gap up opening in BANKNIFTY . After opening if banknifty sustain above 44050 level then possible upside rally of 400-500 points upto 44450 Level. Any Major downside only expected in case banknifty starts trading below 43950 level. also possible Reversal Downside 44450 level.
BANKNIFTY Intraday Trade Setup For 15 Jun 2023 Buy-Above 44065 Sl-43960 T- 44225 44367 Sell-Below 43950 Sl-44055 T- 43780 43580 BANKNIFTY has closed with a slight cut of 0.21% today. nothing triggered as per trade setup and it was complete rangebound market. After 10 o'clock it traded within a tight range of 100 points. In hourly TF after the trendline...