Banknifty also has the same structural sentiment; it has closed at the Fibonacci level of 23%. If the market opens with a gap-up and sustains it, then we can expect the rally to continue with minor consolidations. In that case, we can expect a minimum range of 49,021 to 49,183. Alternatively, if the gap-up doesn't sustain, we can expect the Fibonacci level of 38%...
Banknifty showed a solid pullback structure in the last session. Giftnifty indicates a negative start, but structurally, it has a minor pullback continuation. So, If the market finds support around 46296 to 46176, we can expect a range market or pullback continuation. On the other hand, if it breaks the previous low, then the correction will likely continue."
Banknifty has a diagonal structure. So, if the market breaks the previous low, then the diagonal will continue further, and we can expect a minimum of 46197 to 45948. If it finds support there, then we can expect a minimum of 23 to 38% pullback wave. Alternatively, if the gap-down doesn't sustain and breaks the diagonal pattern, then we can expect a range market...
Banknifty also has the same sentiment, but there is no solid pullback. However, if the gap-up sustains and breaks the Fibonacci level of 78% (47160), then we can expect further continuation. The alternate view is the same as with Nifty. If it rejects sharply around the 78% or if the gap-up doesn't sustain, then initially, we can expect a 23 to 38% Fibonacci...
#Banknifty For BankNifty, there seems to be a similar sentiment where it's in the 5th wave of a diagonal structure. If it rejects around the immediate resistance level (78), there's an expectation of a correction, with a minimum retracement of 23 to 38%. However, if the gap-up sustains or breaks the immediate resistance, then the rally is likely to continue.
Hello Traders, Welcome to SriTrader5121 -------------------------------------------------- Bank Nifty - 12/02/2024 - Levels IMPORTENT ZONE FOR THE DAY: 45350 – 45370 Important Support and Resistance for the Day... Support - Resistance - Support-1: 45520 Resistance-1: 45920 Support-2: 45370 Resistance-2: 46100 Support-3: 45160 Resistance-3:...
Today BankNifty opened with a gap-up around 46600 and after making a high around 46900, it gave a 1000 points fall from higher levels towards 45900 and closed at 45970. For Monday, BankNifty has to sustain above 46250 for further upside which can take BankNifty towards 46380 and upper marked levels. On the other side, if BankNifty breaks 45890 on downside, we...
Today Banknifty closed at 45367. There is a chance to take support at 45279 - 45250. Change to pull back for targets of 45479 and 45528. 45528 acts as a resistance here. If breaks can go till 45736. If banknifty opens breakdown at level 45150, if 45150 breaks out possible target would be 45021, 44900, 44822 and 44522 on the downside. So trade cautiously and...
Hello Traders, Welcome to SriTrader5121 -------------------------------------------------- Bank Nifty - 25/01/2024 - Levels IMPORTENT ZONE FOR THE DAY: 44888 – 44916 Important Support and Resistance for the Day... Support - Resistance - Support-1: 45075 Resistance-1: 45304 Support-2: 44680 Resistance-2: 45484 Support-3: 44550 Resistance-3:...
Hello Traders, Welcome to SriTrader5121 -------------------------------------------------- Bank Nifty - 09/01/2024 - Levels IMPORTENT ZONE FOR THE DAY: 47730 – 47760 Important Support and Resistance for the Day... Support - Resistance - Support-1: 47380 Resistance-1: 47730 Support-2: 47200 Resistance-2: 47890 Support-3: 46950 Resistance-3:...
Today BankNifty opened with a gap-up above our buy level of 47800 and gave rally towards 48280 hitting all our targets on the buy side. BankNifty is looking bullish for tomorrow and positional basis until trading above 48250. For tomorrow, if BankNifty breaks 48250 on the upside, we expect to see 48370 and upper marked levels. On the other side, if BankNifty...
Bank nifty break the trend line and support line and may be retest the support zone after that big fall is expected. please check the levels... All the best, be profitable.... This is my personal view and it is only for educational purpose.
Today BankNifty opened with a gap-up and after consolidating near our buy level 48400 it went up towards 48630 and 1st and 2nd Targets were done on buy side. For tomorrow, if BankNifty sustains above 48650, we expect to see further up move towards 48770 and upper marked levels. On the other side, if BankNifty breaks 48400 on the downside, we may see 48280 and...
Banknifty Intraday Prediction Levels for 6 Dec 2023 The chart indicates 15 min time frame. These Levels act as Support and Resistance according to position of price. These are strictly for Intraday Trading only. Execution only after break out and close above the Resistance zone or break down and close below the Support zone. These levels act as support and...
"Good morning, friends! As of November 23rd, there is no significant difference from the last session. The global market sentiment is bullish, as indicated by the Dow Jones. However, our local market is showing a moderately bearish trend. It may open with a slight gap-up or a neutral start, as the GiftNifty indicates a value of +10. After that, even if the market...
The FASP for BankNifty is listed for 30-10-2023. 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 Prediction Levels for 26 Oct 2023 The chart indicates 15 min time frame. These Levels act as Support and Resistance according to position of price . They are strictly for Intraday Trading only. Execution only after break and close above the Resistance zone/Line or below the Support zone/Line. Major Resistances-...
"Good morning, friends! As of October 18th, the global market sentiment is neutral to slightly negative, as indicated by the Dow Jones. However, our market is still within range. It may open neutrally. If it breaks the range (44536 to 44253), we can set our target at the next resistance level."