Banknifty has consolidated whole day after the first hour fall. A bearish candle on the daily charts have been formed and has consolidated for 3-4 days in a range. The market has consolidated whole day in 60 points range. It constantly hit the hourly 20 EMA and faced rejection. There is much probability of a 300-400 points move either side as tomorrow is...
"NiftyBank Key trading levels for Expiry 15th June 2023 Option buying/selling Levels' Disclaimer: I do not give any tips or buy sell recommendation I only teach trading strategies. These levels are purely based on Price action/demand and supply zones & and consumed only for educational purpose & should not be taken as buy/sell recommendation. I will not be...
Good morning! As of June 14th, the global market indicates a positive start with a moderately bullish market sentiment. It might open with a gap-up. After that, if it rejects the immediate resistance zone, we can expect a correction. On the other hand, if the gap-up sustains, we can expect a pullback continuation 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. And this rally can extend for another 400 points if it gives breakout of 44550 level. Any Major downside only expected in case banknifty starts trading below 43950 level. also possible Reversal Downside...
Bank nifty is getting rejection from long trendline. Previously it acted as support now it's resistance. If it breaks then possibility of moving up word to 44500 level. Buy above 44122 target 44222,44298 sell below 43956 target 43888, 43777
BANKNIFTY Intraday Trade Setup For 14 Jun 2023 Buy-Above 44140 Sl- 44035 T- 44337 44510 Sell-Below 43945 Sl-44050 T- 43780 43580 BANKNIFTY has closed on a slight note with 0.21% gain today. It was having a bullish bias since opening as it had open= low. Buy triggered as per trade setup and hit our 1st tgt. Trade gave more than 130 points gain (44005-44138+)...
A bullish engulfing marabozu candle is there on the daily charts of Banknifty. Market has taken a nice support from 20 ema and given a nice bullish move after touch the support. On the hourly charts, BN remained in a range and given a nice move in the last hour of the trading session and closed above the 20 ema. Even on 15 minutes chart, the market has closed...
Good morning! As of June 13th, the global market indicates a positive start, with a bearish market sentiment. It might open with a gap-up. After that, if it sustains, we can expect pullback continuation with minor consolidation. However, the notable point here is that Nifty has a single bending wave (C), while Banknifty has three bending waves (ABC). Therefore,...
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. And this rally can extend for another 400 points if it gives breakout of 44550 level. Any Major downside only expected in case banknifty starts trading below 43950 level. also possible Reversal Downside...
BANKNIFTY Intraday Trade Setup For 13 Jun 2023 Buy-Above 44005 Sl-43900 T- 44155 44337 Sell-Below 43870 Sl-43975 T- 43690 43490 BANKNIFTY has closed closed almost on a flat note with 0.10% cut today. It consolidated the whole day today in a very narrow range. It was a total sideways and momentum less market. This is due to ultra low VIX environment. Swing have...
Good morning! As of June 12th, the global market indicates a positive start, with a bearish market sentiment. It might open with a gap-up. After that, if it sustains, we can expect pullback continuation with minor consolidation. Structurally, this pullback wave is the 2nd wave, so once it reaches Fibonacci levels of 44292 or 78%, we can expect a correction. On the...
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.
Banknifty trading at it's crucial support zone. if it breaks the support zone of 43939 level then we can see 43777 level easily. if it takes support at 44044 level then we can see 44777 level(s). Trade with the market direction.
Banknifty is trading in a 2% range for last four weeks. Before it the market has given a 4000 points move in 7 weekly candles. Creating a new ATH and consolidation near it shows the strenght of the buyer. Whereas, selle are trying to sell near the high but seems to be weak. The index has travelled more than the 9% move in Nifty. Chance of end of bearish trend...
Nifty bank Weekly analysis & Prediction-12th June-16th June 2023 Disclaimer: I do not give any tips or buy sell recommendation I only teach trading strategies. These levels are purely based on Price action/demand and supply zones & and consumed only for educational purpose & should not be taken as buy/sell recommendation. I will not be responsible for any...
The FASP for BankNifty is listed for 09-06-2023. 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...
banknifty is taking long time trendline support and it closed above the support level. if the trendline support is broken in 15 mins time frame possibility of trend reversal. Buy above 44065 target 44144,44244,44299 sell below 43844 target 43737,43555,43377
Good morning! As of June 9th, the global market indicates a neutral to slightly positive start, with a bearish market sentiment. It might open with a neutral tone. After that, if it breaks yesterday's low, we can expect a continuation of correction with minor pullbacks. On the other hand, if it initially takes a sharp pullback without breaking yesterday's low, we...