Today we opened with a big gap down and then saw a good up-move, BankNifty faced resistance around our yesterday Sell Level 36250, and 36200 PE went 2x in less than an hour.
Expectations for Tomorrow: Volatile Day
Resistance: 36300
Support: 35450
Intraday Levels:
Buy Above 36020
Sell Below 35750
To motivate me, Please like the idea If you agree with the...
As we analyzed for today, we saw a good trend day. As per trade setup Buy Trade initiated above 35600 and hot all the targets.
Expectations for Tomorrow: Range bound day and some selling in the second half.
Resistance: 36780
Support: 36000
Intraday Levels:
Buy Above 36450
Sell Below 36250
To motivate me, Please like the idea If you agree with the...
As we analyzed, most of the day was range bound and Options sellers made good money. Our support for today was 34950 and we didn't break that level, saw bounce multiple times around those levels.
Expectations for Tomorrow: can be a trending day
Resistance: 35550
Support: 34800
Intraday Levels:
Buy Above 35310
Sell Below 34950
For Targets, SL, and Intraday...
In 30min chart of bank nifty wave (i), (ii) and (iii) is completed at 31630, 31232 and 37708 respectively and wave (iv) is either completed at 35584 or complete in 35584-35234 range. wave (v) is still pending above 37708.
36180-35234 support range and BN is negative only below 35234.
We analyzed yesterday we got 1000 points trade and it was easy for option buyers, 37000 CE went from 170 to 800. Tomorrow, I am expecting a gap-up opening.
Resistance: 37700
Support: 36900
Intraday levels for next session:
Buy Above 37400 for the targets of 37500, 37600, and 37700. SL for the Buy Trade would be 37290.
Sell Below 37200 for the targets of 37100,...
Bank Nifty Futures
RSI on daily charts has just bounced from 50. Moving average are just crossing over and there was a recent Doji which could be a start of a new uptrend. Daily charts means that this study is for a positional or short-term trade with a timeframe of about a week.
Intraday charts or 15m charts look a little doubtful. I am looking at Heikin Ashi...
BankNifty is expected to face next resistance around 36500 odd levels and further moves I drew on the chart.
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
Banknifty will become weak below 34650 and we can sell aggressively for a target of 34250 level.
Banknifty above 35250 can retest 35900 level.
The key levels are identified on the chart.
P.S. I was playing football and got severely hurt due to which I was not trading or posting ideas for almost a month. From now on. I will post regularly.
Today BankNifty opened with Gapup as expected and made the high in the first 30 mins. We sold 37500 CE at 130 for the target of 0 and sold 36700 CE at 170 in the last hours for the target of 100. Overall it was a great day for our Trading group members.
Expectations for Tomorrow: Volatile Day
Resistance: 37230
Support: 36050
Intraday Levels:
Buy Above...
As we analyzed for 19th Feb, we sustained below 36370 and saw a great move downwards target marked with grey lines.
Expectations for Tomorrow: Volatile Market
Resistance: 36050
Support: 35500
Intraday Trades would be posted in our TradePro group.
Happy Trading!
InvestPro India Team
As we analyzed BankNifty of 37708 against our resistance level of 37700 and came down to 37672. Our sell trade triggered at 37200 and all our targets met. For tomorrow, I am expecting a flat to minor gap-up opening.
Resistance: 37400
Support: 36700
Intraday levels for next session:
Buy Above 37170 for the targets of 37290, 37370, and 37450
Sell Below 36950 for...
Bank Nifty consolidated from a good upmove, 36800-37000 is a good demand zone, may go till 38000 next week or sideways if that resistance is acting as support tomorrow, the rectangle is acting as demand zone. Go long if rectangle support zone is respected.
We are still in that range and we would see a trending move (1000+ points) once we see the breakout or breakdown. Last week was for Option Sellers, we made good money in option selling.
For Option Buyers, trade with less quantity till the time we are in range, wait for a good move, and don't get stuck in trade for a long time.
Intraday levels for next...
As we analyzed yesterday, BankNifty gave a sell trade today and took a bounce nearby our support level 35600. BankNifty is still in 1000 points range and we may get a big move (1000 points or above) once the range would break. Until now, we can play within that range and tomorrow is the weekly expiry so I am expecting the side ways market until 1:30pm.
In today's...
As we analyzed sellers are getting active near 36500 levels and we again saw the rejection today. BankNifty is trading in a range and forming an indecision candle for the last 2-3 sessions, we may see a good one side move in this week.
In today's session, our sell trade initiated and we booked 150 points today.
Resistance: 36500
Support: 35600
Intraday levels...
