BANKS DRAGGING! Nifty & Banknifty Analysis + top stocks & levels#Nifty50 yet again performed better than #banknifty today. This is typical behaviour which we have witnessed for quite some time now.
To show you the extent of divergence, Nifty's hourly RSI is 60+. Banknifty's is below 40.
The main culprit for this were the HDFC twins along with Kotak Bank. They might be looking for a trigger for added momentum which has the potential to pull Banknifty by 700-800pts.
Also, a new addition in this video is the stock analysis of all major Nifty and Banknifty stocks.
Important Nifty levels and Banknifty levels for tomorrow:
Levels for Nifty: 15,590, 15,620, 15,660, 15,733 --- 15,750....15,986
Levels for Banknifty: 34,640, 34,800, 35,011 --- 35,250, 35,340, 35,400, 35,529,
What's your nifty prediction banknifty prediction for tomorrow? What was your nifty banknifty trading like? Let's chat in the comments :)
Bankniftylevels
Nifty #ToTheMoon? Nifty & Banknifty analysis with levels in 5minDespite the lack of momentum in the first half, the markets were able to recover, with Nifty nearly touching 15,700. Banknifty showed strength, too
As an option buyer, if you were able to manage the first half well (by either scalping or not trading), you could have entered using a simple setup in the second half to capture the rally. Overall, choppiness seemed to be a little lesser except for a few instances.
Momentum appears good so unless there's a major shift overnight or RBI policy announcement has a twist, the markets might be stable. Banknifty can test 35800 soon if it sustains current levels.
I also share my simple trade in Infosys that gave +5% ROI.
Important Nifty levels and Banknifty levels for tomorrow:
Levels for Nifty: 15,480, 15,590, 15,620, 15,680 -- 15,750
Levels for Banknifty: 34,480, 34,800, 35,250, 35,340 --- 35,680, 36,150, 36,515
What's your nifty prediction banknifty prediction for tomorrow? What was your nifty banknifty trading like? Let's chat in the comments :)
Nifty Bulls Are Back? Nifty Banknifty analysis + levels in 5minsDespite the weak open, the markets were able to recover in the second half, with Nifty nearly touching 15,600. While the short-term trend still appears bullish to me, we have seen a bit of consolidation of sideways correction after a fresh ATH is made before the next leg of the rally.
Open interest data appears to have a bullish bias as of today's closing, but a lot can change overnight. India VIX closed positive after a while.
Important Nifty levels and Banknifty levels for tomorrow:
Levels for Nifty: 15,420, 15,431, 15,480, 15,590 --- 15,620, 15,680
Levels for Banknifty: 34,480, 34,800, 35,250, 35,340 --- 35,680, 36,150, 36,515
What's your nifty prediction banknifty prediction for tomorrow? What was your nifty banknifty trading like? Let's chat in the comments :)
Is Nifty still BULLISH? Nifty & Banknifty analysis in 5 minsThe markets saw a little weakness post a dream run even though Nifty tested 15,600 levels. While the short-term trend still appears bullish to me, we have seen a bit of consolidation of sideways correction after a fresh ATH is made before the next leg of the rally.
Open interest data appears to have a bullish bias as of today's closing, but a lot can change overnight. India VIX closed positive after a while.
Important Nifty levels and Banknifty levels for tomorrow:
Levels for Nifty: 15,340, 15,385, 15,420, 15,431, 15,480 --- 15,590, 15,620, 15,680
Levels for Banknifty: 34,480, 34,800, 35,250, 35,340 --- 35,680, 36,150, 36,515
What's your nifty prediction banknifty prediction for tomorrow? What was your nifty banknifty trading like? Let's chat in the comments :)
Nifty & Banknifty analysis for 1.6.21 with levels in 5 minutes Nifty saw yet another strong day, closing well above 15,500 and nearly testing 15,600 levels. Banknifty trend appears bullish too, even though it's still 5.7% away from its ATH. But that might mean that BNF can play catch-up very soon.
Nifty creating yet another high and closing above the 15.5k mark is a very bullish sign, but in the past, we have seen a correction after ATH, especially after breaching important zones. Banknifty has closed just shy of 35.5k and India VIX has closed below 17 which is a big feat!
Important Nifty levels and Banknifty levels for tomorrow:
Levels for Nifty: 15,340, 15,385, 15,420, 15,431 -- 15,480, 15,590, 15,620, 15,680
Levels for Banknifty: 34,480, 34,800, 35,250, 35,340 --- 35,680, 36,150, 36,515
What's your nifty prediction banknifty prediction for tomorrow? What was your nifty banknifty trading like? Let's chat in the comments :)
Banknifty Analysis - Monday April 11Banknifty is looking slightly more bearish if not bullish for me.
Please watch the video for the insight in reality of Psychology and Trading.
Please comment and let me know if you have any other ideas or observations. I really appreciate counter questions and constructive criticism.
Will Banknifty breakout or breakdown?
Buy Level = (Above 33050, Target 1 - 33200, Target 2 - 33500)
Sell Level = (Below 32870, Target 1 - 32670, Target 2 - 32370)
Please comment and let me know if you have any other ideas or observations or queries. Please feel free to reach out to me on Trading View.
Banknifty ExpiryIf the market is within the range, then it doesn't have much space to move.
If it breaks the support where the buildup is happening. it can go up to 32700 (1st Target) & 32550 (2nd Target for aggressive sellers).
I am mostly biased towards sideways to downtrend.
Please comment and let me know if you have any other ideas or observations or queries. Please feel free to reach out to me on Trading View.