Saturday was a special trading session and BankNifty opened with a gap-up around 47430 and that was the high of a small trading session. For tomorrow, BankNifty has to sustain above 47520 for further upside which can take BankNifty towards 47650 and upper marked levels. On the other side, if BankNifty breaks 47180 on downside, we expect to see 47050 and below...
Today BankNifty opened with a gap-up above physiological level of 47000 but faced resistance at 47200 - 47250 zone and we saw selling towards 46850 zone and after that BankNifty was trading in a small zone for entire day. For tomorrow, BankNifty has to sustain above 47160 for further upside which can take BankNifty towards 47270 and upper marked levels. On the...
Today BankNifty opened with a gap-up around 46500 which was also a major resistance zone as we mentioned and we saw morning selling towards 46260 odd levels where BankNifty took support and gave a bounce back but overall it was a range-bound day. For tomorrow, BankNifty has to sustain above 46550 for further upside which can take BankNifty towards 46670 and upper...
Today BankNifty opened with a gap-up around 46100 and opening price was a morning high. We saw almost 500 points fall in morning but BankNifty took support at 45590 and gave a rebound towards 46300 levels. For tomorrow, BankNifty has to sustain above 46350 for further upside which can take BankNifty towards 46470 and upper marked levels. Keep an eye on 46500...
BankNifty Analysis - Stance Neutral ➡️ BankNifty does the impossible today, the reason we are saying this is because, despite a UP day yesterday, BN was unable to get past the resistance of 45399. See what happened today - we opened gap-down and by 10.55 we were back at the resistance level of 45399. The rejection made sense then as the mood was still bearish and...
BankNifty Analysis - Stance Neutral ➡️ BankNifty was more flattish today even though the chart pattern shows a bearish tinge. We lost 145pts ~ 0.32% today, but if a trader got into a straddle position after the first candle - it would have ended quite perfectly today. This means that the net loss for the banknifty was decided in the opening 4 or 5 minutes and the...
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...
BankNifty Analysis - Stance Neutral ➡️ BankNifty surprises everyone today, the meltdown first started in the banks and persisted in the banks. Nifty was near the ATH - understandable, but BankNifty is a long way from its top - so the fear of highs could not be the reason for the fall today. The price action showed something deeper is troubling the banks - is it...
BankNifty Analysis - Stance Neutral ➡️ BankNifty has made some interesting patterns on the 16mts TF. It looks like BN made quick surges to a specific price level and then cooled off softly. Much like a mini-flag pattern. BankNifty may be showing signs of going up if that is the case. We can only confirm if the next resistance of 47465 is broken - and if that...
Today BankNifty opened with a gap-up around 45171 and gave a good rally in first half upto 45660, however, we saw selling from upper levels and BankNifty closed around 45400. For today, BankNifty has to sustain above 45600 for further upside which can take BankNifty towards 45720 and upper levels. On the other side, if BankNifty breaks 45100 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...
Today BankNifty opened with a gap-down around 45500 and after making a low at 45430 it gave a 700+ points bounce from lower levels towards 46180 but again we saw a selling and it come down to 45500. The positive point is that BN didn't break the morning low and closed above the opening price. For tomorrow, BankNifty has to sustain above 45850 for further upside...
Today BankNifty opened with a gap-up near 47050 and after making a high in first 15 mins candle we saw weakness entire day. For tomorrow, BankNifty has to sustain above 47570 for further upside which can take BankNifty towards 47690 and upper levels. On the other side, if BankNifty breaks 47350 on downside, we expect to see 47220 and below marked levels on the...
Today BankNifty opened with a gap-down near 47000 which was the physiological support zone and after giving a bounce towards 47350 odd levels in early morning, it remained in a small range on entire day and it was a typically options sellers day. For tomorrow, BankNifty has to sustain above 47500 for further upside which can take BankNifty towards 47620 and upper...
Today BankNifty opened with a gap-up above our buy level of 48250 and struggled at upper levels, we saw profit booking around 48400. BankNifty triggered our sell level 47950 and hit the 1st target. For Monday, BankNifty has to sustain above 48450 for further upside which can take BankNifty towards 48570 and upper levels. On the other side, if BankNifty breaks...
BankNifty opened flat today and remained in a range for sometime. BankNifty broke the upper level of 48300 and made a high at 48450 which acted as rejection zone and we saw a fall of around 400 points in last 30 mins. For tomorrow, if BankNifty breaks 48100 on the downside, we expect to see 47980 and below levels marked. On the other side, if BankNifty sustains...
Today BankNifty opened with a gap-up around 47850 and we saw a breakout above 48000 in the morning session which took BankNifty towards 48250 zones but profit booking was seen from the upper levels. BankNifty again took support near 47900 odd levels and gave rally towards 48350 by breaking a previous high. For tomorrow, if BankNifty sustains above 48400, we...
The FASP for BankNifty is listed for 26-12-2023. 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...