BankniftyThe global market indicates a negative start. The market nature is neutral to slightly bullish. After the gap-down, if the market takes a pullback of around 38%, we will expect a pullback continuation. On the other hand, if the market breaks 38%, that's a sign of a range bound to correction. It will reach min 61 to 78%.
Bankniftyintradaysetpup
BankniftyThe global market indicates a negative start. the market nature is neutral to bearish. IT stocks have positive sentiment also the ADR shows more than 2.50% positive. market may open neutral to slightly negative. if the market breaks the previous day high, it will reach 78% to the harmonic supply zone. Also, that's a rejection zone. On the other hand, if the market opens solid reddish, that's a sign of a range-bound market.
BankNifty-10/10/2022-15/10/2022-LevelsHello Traders,
Welcome to SriTrader5121
BankNifty-10/10/2022-15/10/2022-Levels
Possibility 1:
It will works if market in uptrend and makes higher-highs.
Possibility 2:
It will works if market in down trend and makes lower-lows.
Possibility 3:
It will works if market in silent mode means range bound market(side ways).
_______________________
Happy Learning and Trading
Rules to fallow...
1) Trade with Strict Stop Loss.
2) Trade with Small Quantity.
3) Take entries based on Support & Resistance Levels.
Please take the trade according to the levels marked, with Risk-Reward.
This is not a Buy or Sell recommendation to anyone.
Take entries after your own analysis.
This is for education purpose and a helping hand to learn trading in market.
NOTE: Trade with Strict Stop Loss. It may or may not hit all levels. So one can book profit / loss at respective level considering how price action works near that level.
I hope you all like my analysis. Follow me to get regular updates.
Please do share your thoughts in comment section.
Please Hit a LIKE , it motivates me to do analysis and do share with your trading friends.
SHORT FORM &FULL FORM
-------------------------------
PDH-> Previous Day High
PDL-> Previous Day Low
PDC-> Previous Day Close
PDO-> Previous Day Open
PWH-> Previous Week High
PWO-> Previous Week Open
PWC-> Previous Week Close
PWL-> Previous Week Low
IMP -> Important
R@1, R@2,R@3... ->Resistance-Zones
S@1, S@2,S@3... ->Support-Zones
MS -> Major Support
SH -> Swing-High
SL -> Swing-Low
DT -> Double Top
DB -> Double Bottom
TT -> Triple Top
TB -> Triple Bottom
TF -> Time Frame
BO -> Break-Out
RR -> Risk-Reward
SL -> Stop-Loss
GAP -> The area b/w Previous Day Close and Today Open
Blue Color Text(S@*,R@*)-> Act as Major Support or Resistance-Zones(Be Alert, Chances to Market take Reversals )
Bank Nifty Trade Setup for 10th October 2022Bank Nifty is currently at a decision point on whether to go up / down from here. 10 EMA pull back in daily chart with the formation of a Hammer Candle gives a higher probability of market moving upside from here. The challenge in moving up is going to be the negative global situation with most of the indices in sell off after US Jobs Data announcement.
Predictions
- Charts : Bullish as of now & will remain with a bullish outlook until the swing low of 38835 is crossed on the downside.
- OI Data : Neutral
- FII Activity : Inconclusive as there was very minimal activity to be noted in Options & Futures in the Friday session.
Verdict
Global Scenario is looking clearly negative and the impact of it would surely be seen in our markets.
Swing High & Swing Low needs to be looked at clearly; once we get a clear break on either side, we can plan for an entry. A large enough gap down, but above or at the Swing low might lead to a gap fill as well. An open below Swing low or a break down of swing low would be a confirmation of bearishness and can lead to a larger downfall.
- Flat Open : Wait for Price action based signal and enter if moving down. If breaking the swing high, enter immediately.
- Gap Up : Most probably would lead to the retest of the Swing High before deciding on the continuation of trend. Large enough gap will lead to a sideways movement or stabilization at the higher levels.
- Gap Down : A gap down below Swing low can lead to a larger fall. An open at the Swing low and formation of a hammer can lead to a upside movement.
Weekly Outlook
Bank Nifty has formed a indecision or almost like a High Wave Candle for the past week. Only positive here is that it has closed above 10 EMA in weekly chart, which indicates a potential up move might be on the cards if we see an upside breakout.
Daily Outlook
Daily chart has formed a Hammer Candle above the 10 EMA which is an indication of a clear pull back and of potential bullish movement from there. Wait for the confirmation which is the break of high of Friday, once broken we may start looking for long positions.
BankniftyThe global market indicates a neutral start. The market nature is slightly range bound to bearish. if the market rejects around (nifty 23% & banknifty 38%), we will expect a minor pullback to the previous day high. On the other hand, if the market breaks that support zone after the pullback, we expect the correction to continue.
BankniftyThe global market indicates a positive start. Market nature is bullish to slightly bearish. if the market forms a solid opening structure, we will expect the rally continuation. Minimum, it will reach 61%. On the other hand, On the other hand, if the market rejects sharply from 50% to the ext level, it is a sign of 5th correction wave. We will expect min 38 to 78% fib correction.
BankniftyThe global market indicates a positive start. Market nature is bullish to slightly bearish. As per the structure says the market may take consolidation around 78%. After the consolidation, if the market breaks at the top of the consolidation, we will expect a pullback continuation. On the other hand, the market might be rejected sharply around 78% to Hsz.
Bank nifty Intraday levels for 3.10.2022Resistance Level: 38901.85
Support Level:38551.30
If candles are sustaining or break above resistance level , we can expect upside move and the targets will be fib retracement levels as per chart
If candles are sustaining between resistance and support levels, consider as neutral
If candles are sustaining or break below support level , we can expect downside move and the targets will be fib retracement levels as per chart.
Note: pls check my previous day idea for better understanding & how it works
Please let me know in comment section if you have any queries and like the idea If you agree with the analysis.
Disclaimer:
Views are purely educational in nature. You are solely responsible for any decisions you take on basis of my research.
BankniftyThe global market indicates a slightly negative start. If the market makes a solid red structure, we will expect correction continuation. On the other hand, if the market rejects sharply, that's a sign of a little bit of trend reversal. And if the market breaks the diagonal pattern, that's an indication of pullback continuation.
Bank nifty Intraday levels for 29.09.2022Resistance Level: 38189.45
Support Level:37550.80
If candles are sustaining or break above resistance level , we can expect upside move and the targets will be fib retracement levels as per chart
If candles are sustaining between resistance and support levels, consider as neutral
If candles are sustaining or break below support level , we can expect downside move and the targets will be fib retracement levels as per chart.
Note: pls check my previous day idea for better understanding |& how it works
Please let me know in comment section if you have any queries and like the idea If you agree with the analysis.
Disclaimer:
Views are purely educational in nature. You are solely responsible for any decisions you take on basis of my research.
BankniftyThe global market indicates a negative start. Market may open a gap-down, if the market breaks the previous day low, that's a sign of correction continuation. it will reach min (nifty - 16781 to overall 50% and BN - hdz to overall 50%). on the other hand, if the market rejects in-between the key zones, then we will expect a minor pullback.
BankniftyThe global market indicates a negative start. Market nature is bearish to slightly bullish. the market may open a gap-down. The opening candle is important one. the market may move based upon this candle structure, if the market forms a full-body green candle indication of a pullback if the candle forms a full-body red candle that's a sign of trend continuation. we will expect min (nifty previous swing low to Hdz and BN minor 78% to Hdz)
BankniftyThe global market indicates a negative start. Market nature is bearish to range bound. the market may open a gap-down. In my view, the market may reach the 78% fib level. If the market consolidates there, it is a sign of trend continuation, on the other hand, if the market reject sharply, it may turn into a range-bound market.
BankniftyThe global market indicates a negative start.
market nature is neutral to bearish. market may open little bit gap-down. if the market takes a pullback around 38% fib level, then we will expect minor consolidation to pullback continuation. On the other hand, if the market breaks the 38% zone we will expect 3rd correctional wave.
BankNifty-21/09/2022-LevelsHello Traders,
Welcome to SriTrader5121
BankNifty-21/09/2022-Levels
If market open as a GAP-DOWN and moves to UP-Side then BUY with the Support of PDL and SELL with the Rejection of R@1.
(or)
If market open as a GAP-DOWN and moves to DOWN-Side then BUY with the Support of S@3 and SELL with the Rejection of S@1.
BankniftyThe global market indicates a negative start. the market nature is bearish to neutral. Our market may open slightly negative, if the market pulls back around key support zone (Nifty 60% and Banknifty 38% fib zone) then we expect sub-wave 5th.
On the other hand, if the market breaks the key zones sharply, it is a sign of a major decline.
BankNifty-16/09/2022-LevelsHello Traders,
Welcome to SriTrader5121
BankNifty-16/09/2022-Levels
_______________________
Happy Learning and Trading
Rules to fallow...
1) Trade with Strict Stop Loss.
2) Trade with Small Quantity.
3) Take entries based on Support & Resistance Levels.
Please take the trade according to the levels marked, with Risk-Reward.
This is not a Buy or Sell recommendation to anyone.
Take entries after your own analysis.
This is for education purpose and a helping hand to learn trading in market.
NOTE: Trade with Strict Stop Loss. It may or may not hit all levels. So one can book profit / loss at respective level considering how price action works near that level.
I hope you all like my analysis. Follow me to get regular updates.
Please do share your thoughts in comment section.
Please Hit a LIKE , it motivates me to do analysis and do share with your trading friends.
SHORT FORM &FULL FORM
-------------------------------
PDH-> Previous Day High
PDL-> Previous Day Low
PDC-> Previous Day Close
PDO-> Previous Day Open
PWH-> Previous Week High
PWO-> Previous Week Open
PWC-> Previous Week Close
PWL-> Previous Week Low
IMP -> Important
R@1, R@2,R@3... ->Resistance-Zones
S@1, S@2,S@3... ->Support-Zones
MS -> Major Support
SH -> Swing-High
SL -> Swing-Low
DT -> Double Top
DB -> Double Bottom
TT -> Triple Top
TB -> Triple Bottom
TF -> Time Frame
BO -> Break-Out
RR -> Risk-Reward
SL -> Stop-Loss
GAP -> The area b/w Previous Day Close and Today Open
Blue Color Text(S@*,R@*)-> Act as Major Support or Resistance-Zones(Be Alert, Chances to Market take Reversals )
BankniftyThe global market indicates a positive start. Market nature is bullish to neutral. The market may open a gap-up and if the market rejects around the harmonic supply zone, we expect a minor correction. This is a three-wave structure min 23 to 38% fib corrective wave. On the other hand, if the market takes a consolidation around the HSZ, it is a sign of trend continuation, take your position after the consolidation break.