Banknifty has been trading in a range and has closed near the resistance level. Market has formed a dragon fly doji and if the market crosses above the resistance levels nice upside movement can be seen in the coming week. For last 2 weeks market has been consolidating in a 600 points range and taking support from the 20 ema on the daily charts. In the coming...
BankNifty Trading Levels For Tomorrow’s Trading Session Resistance 44150-44200 Towards Target of 44400 With SL of 44100 Support 43400-43350 Towards Target of 43100 With SL 43450
What is the next move of Bank Nifty ? as per price action here is the levels, Bank Nifty can make new high in this week and keep an eye on levels, this is only my view, everything is only for educational purpose and share your view in comment section
Banknifty has formed a Bullish Pennant pattern on 5 minutes time frame and broken out of the range now. One can take entry on upside for the targets mentioned in the chart based on technical analysis. However, banknifty is still under pressure so if trade is taken please keep trailing your stoploss.
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. And this rally can extend for another 400 points if it gives breakout of 44050 level. Any Major downside only expected in case banknifty starts trading below 43450 level. a
Good morning! As of May 26th, the global market indicates a negative start with a moderately bullish market nature. There may be a gap-down at the beginning. Structurally, the ABC correctional structure has finished. It is the first pullback for the next cycle. If it rejects major resistance or the gap-down sustains, we can expect a second wave. It shouldn't break...
Hello Traders Good trade in banknifty today, published chart yesterday for short sell for 200 to 300 points move and we have achieved it from 43700 to 43400 target. Now for 26th May we can see a good buy above 43750 level and can go till 43900 and 44000 level, be careful in your position size as we can retrace the 44080 level and then again for selling...
The FASP for BankNifty is listed for 26-05-2023. 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 26 May 2023 Buy-Above 43720 Sl-43615 T- 43910 44100 Sell-Below 43390 Sl-43495 T- 43200 43017 BANKNIFTY has closed on absolute flat note today. Sell triggered below 43635 and hit our 1st target very smoothly (43635-43391). There was a sharp recovery from the 1st support zone and it closed at day high. Today hourly zone was...
Bank Nifty Levels keep an eye on every level for 26/05/2023 , this is only for educational purpose, share your views in comment section
bank nifty Important demand and supply zone. Please trade once broken from either side with proper stoploss.
banknifty in daily timeframe formed inverted hammer which is a sign for reversal and in weekly timeframe it is forming evening star pattern. This week expiry looking range bound (similar to the finnifty) so trade with less quantity or go for next week expiry(june series) to avoid premium decay. possibility of short covering on either side is possible. Buy above...
Watch this level how bank nifty react on this level . Previous Demand Zone ab Supply zone banega.. Let see..
Good morning! As of May 25th, there are no significant differences compared to the previous day. The global market has shown a negative start with a bearish market nature. There may be a gap-down at the beginning. After that, if it consolidates or breaks the major key zone, we can anticipate a continuation of the correction. On the other hand, the ABC structure...
Today will be gap Down opening in BANKNIFTY . After opening if banknifty start trading below 43450 level then possible downside rally of 400-500 points upto 43050 Level. if banknifty start trading above 43550 level possible upside rally upto 43950. also possible Downside 43950 level.
Bank Nifty is still in symmetrical triangle pattern, buying opportunity on lower levels, keep an eye on breakdown and breakout levels, this is my view on Bank Nifty only for educational purpose, tell me your views in comments
BANKNIFTY Intraday Trade Setup For 25 May 2023 Buy-Above 43855 Sl-43750 T- 44100 43305 Sell-Below 43635 Sl-43740 T- 43425 43235 BANKNIFTY has closed on a bearish note with 0.63% cut today. It opened with a decent gap down and 10 o'clock range broke upside above 43920 and gave around 90 points gain. Later sell triggered below 43850 and hit our 1st target very...
Good morning! As of May 24th, the global market has shown a negative start with a bearish market nature. There may be a gap-down at the beginning. After that, if it sustains, we can anticipate a continuation of the correction. On the other hand, if the market sharply pulls back at the start, we can expect a range market to pull back consolidation.