NSE:BANKNIFTY 📊 Each levels Act as support and resistance📈📉. one can trade on 3min, 5min and 15 min as per their trade set up. for reference one can check our old published ideas. if any candle taking support from any level then try to identify that is that reversal candle at support or what if that is reversal candle then go long above that reversal candle and...
Sell near 34800 with 34900 as SL for the targets of 34700, 34600, and 34500. To motivate me, Please like the idea If you agree with the analysis. Happy Trading! InvestPro India Team
BankNifty opened with Gapup as we analyzed yesterday and took support at the resistant line and moved up. For tomorrow, I am seeing a Flat to small Gapup opening. Resistance - 34750 Support - 34000 Intraday levels for tomorrow: Buy above 34400 for the targets of 34500, 34600, and 34700. SL for the Buy Trade would be 34290. Sell Below 34100 for the targets of...
Banknifty has retested the 30850 level already. I am expecting sharp selling below 30220 level. Hence, my plan is mostly sideways to downtrend directional trading and selling call is preferable since IV (Intrinsic Value) will be high and we can get the good premiums. All the imp levels are marked on the chart. Cheers.
Today BanNifty came to our sell level around 12:30 and gave 1st target quickly, BankNifty has formed a Bullish candle on the daily time frame, and seems short term correction is over. Intraday levels for tomorrow: Buy above 30400 for the targets of 30500, 30600, and 30700. SL for the Buy Trade would be 31290. Sell Below 30150 for the targets of 30025, 29900, and...
Today BankNifty crossed our lower purple trend line and started trading below the sell level, tried to bounce back and we again see the price rejection near the 31200 levels. Our sell trade triggered and all the targets are met. It was an easy day for Call Writers and Future Sellers. Intraday levels for tomorrow: Buy above 30400 for the targets of 30500, 30600,...
A personal view on BNF.
BNF is trending for the past 3 days and I am expecting a sideways market. Upper Level - 30900 Lower Level - 30300 If market opens gap up, then it will take support at today's closing price and move up, bc the put side premiums are very high. If market opens flat, then it can continue downwards, but I will be careful towards selling, bc sellers are already in...
As we analyzed for Jan. 25th, BN took support near 31000 and bounced back by almost 700 points in less than an hour. I mentioned earlier too due to Budget volatility would be high so it's recommended to keep the volumes low. Intraday levels for tomorrow: Buy above 31300 for the targets of 31400, 31500, and 31600. SL for the Buy Trade would be 31190. Sell Below...
We have seen huge selling in the last two trading sessions resulting in 1700 points fall in BankNifty from its recent high. We either see Short covering with Gapup opening tomorrow or if it falls then should take support near 31000 physiological levels. Intraday levels for tomorrow: Buy above 31300 for the targets of 31400 and 31500. SL for the Buy Trade would...
Long above 32700 (preferably after retest), Target 1: 33220 Target 2: 33730 Stop Loss: 32630 No trade zone: 32400 to 32700. Short Below 32400 (preferably after retest). Target 1: 32230 Target 2: 31750 Stop Loss: 32450 No trade zone: 32400 to 32700. Note: Post only for education purposes.
BNF will definitely retrace and I am mostly expecting a sideways market bc Annual Budget is near and after that we can see a clear trend. I have marked the Fibonacci levels and expecting BNF to retrace to 38.2 and 50 % levels respectively before continuing the major trend reversal which we can expect since the market is too overstretched.
RED COUNT: from 20405 wave (i), (ii) and (iii) is completed at 30945 and (iv) completed at 28976. from 28976 wave (v) started and minimum 38% projection coming at 33003. Banknifty declined sharply without achieving its minimum projection. so lets have a look at on blue count. BLUE COUNT: from 20405 wave (a or i), (b or ii) and (c or iii) is completed at 24823,...
if blue trend line break then we can expect further downside on positional basis on BNF till 30500-28000 level
BankNifty didn't do much movement today, a good day for Future Buyers and Put Writers. We analyzed buy above 32500 for the 100 points target which we booked in such low movement. Levels for tomorrow: Buy above 32600 for the targets of 32700 and 32800. SL for the Buy Trade would be 32490. Sell Below 32480 for the targets of 32380, 32300, and 32000. SL for the...
It was a great day for Future Sellers and Call Writers, I also shared Expiry trade around 1:30, and the market melted from that level resulting in 3x return for Option Buyers in less than an hour. Levels for tomorrow: Buy above 32400 for the targets of 32500 and 32600. SL for the Buy Trade would be 32290. Sell Below 32100 for the targets of 32000 and 31900. SL...
I am not very bullish but I am analyzing what I am seeing. If this pattern breaks and the corona vaccine results are successful, there can be a 1000 point rally again. However, if there is a breakout failure, it can come down faster than you can think of. As per tomorrow, the breakout is possible, but I am 50-50 on it and mostly think the market would be...
We were a gap up opening today, soon touched out buying level 31900, made a low of 31863, and took great bounce. Overall, today was Future Buyers/ Put Option Sellers day. Levels for tomorrow: Buy above 32500 for the targets of 32600 and 32700. SL for the Buy Trade would be 32390. Sell Below 32300 for the targets of 32200, 32100, and 32000. SL for the Sell Trade...