"Good morning! As of May 11th, the global market has shown a positive start, with a moderately bullish nature. It may begin with a gap-up, and if the gap-up sustains, we can expect a continuation of the rally with minor consolidation. On the other hand, if the market declines sharply at the start or rejects the immediate resistance zone, that's a sign of a...
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 to 43050 level. 43050 this level possible for again reversal (upside) rally.
BANKNIFTY ANALYSIS WITH LOGIC: 1. If there's flat opening or gap up and gets reversal from 43465 with strong 15m bearish candle we will short up to 43070 level 2. If there's flat opening and breaks 43465 and 43600 with strong 15m bullish candle, then we will be on buy side. 3. If price breaks 43070 level with bearish candle, then we will continue to short our...
Note: Always try to find a good #price action patterns or any #candle stick patterns in marked zones in smaller timeframe to take entry with small stop loss. Or can take entry based on one 5 min candle close below or above the zone with SL previous candles high or low (*try to avoid big candles). (Color code for #Support & Resistance zones: Red - Sell, Green -...
BANKNIFTY triangle pattern so any direction 1000 points possible on breakout of the pattern. possibility of 42000 or 44500 Buy above 43558 (43400 CE) Target 43689,43800,44000 Sell below 43165 (43000 PE) Target43039, 42913,42676,42525
Few things went as planned (till 10AM) and after that I was like the deer stuck in the headlights. No way I could believe the rally of 560pts ~ 1.31% from 10.05 to 15.20. I was having the short-sell bias ever since the bad news broke about MSCI on HDFC- NSE:HDFCBANK . So I was kind of happy we had the fall of 553pts in 45mts. I started drawing leg1 of the down...
Banknifty is moving in a triangle pattern in hrly TF. breakout on the either side is expected to give movement of 700-750 points. White lines are the pivot zone. Upside targets are the green lines. Downside targets are the red lines.
BANKNIFTY Intraday Trade Setup For 11 May 2023 Buy-Above 43385 Sl-43280 T- 43640 43820 Sell-Below 43170 Sl-43275 T- 42975 42780 BANKNIFTY has closed on a bullish sentiment with 0.31% gain today. It has formed a Pin bar candle in daily TF which shows bullishness. Our TSL in long from 42385 is intact. If a daily candle closes below PDL and that red candle's low...
Banknifty forming triangle pattern. It can go upto 46400 which is not possible. But it can reach 42500 before this expiry. Sell below 43165 Target43039, 42913,42676,42525 Buy above 43558 Target 43689,43800 No trade zone 43200 to 43500
"Good morning. As of May 10, the global market has shown a slightly neutral to positive start, but it is currently moderately bearish in nature. It may begin with a gap-up, followed by a minor pullback (sub-wave B or 2nd wave) as per the market structure. Once it reaches its fib level, we can expect a correction (sub-wave C or 3rd wave). Alternatively, if the...
Today will be gap up opening in BANKNIFTY . After opening if banknifty sustain above 43050 level then possible upside rally of 400-500 points upto 43450 Level. And this rally can extend for another 400 points if it gives breakout of 43550 level. Any Major downside only expected in case banknifty starts trading below 42950 level. here reversal possible when...
Expectations: Volatile day Intraday Levels: Buy Above - 43340 Sell Below - 43140 To motivate us, Please like the idea If you agree with the analysis. Happy Trading! InvestPro India Team
The index is trading in a wider range from 42500 to 43700, breaking out of this range can give directional move in NSE:BANKNIFTY I have mentioned how price can behave near future.
Buying may trigger near 43100.. keep the level in watch...
white lines are the pivot zones. Upside targets are the green lines and downside targets are the red lines. if price sustains below 42877 for 30mins or so , expect gap filling.
Levels for 10th may. View is bullish above 43000,............. Levels are looking very clear and till the time index trading above 43000 its a buy on dips
BANKNIFTY Intraday Trade Setup For 10 May 2023 Buy-Above 43350 Sl-43245 T- 43555 43775 Sell-Below 43120 Sl-43225 T- 42937 42759 BANKNIFTY has closed on a slight bearish sentiment with 0.2% cut. Today buy triggered as per trades setup above 43420 and gave more than 110 points gain which was 1:1. Later profit booking took place from day high. After an impulse...
Bank nifty is running in range bound and it could give breakout in either direction. Buy above 43421 Target 43558,43689,43800 Sell below 43165 Target43039, 42913,42676,42525