"Good morning! As of July 25th, the global market is indicating a positive start, with GIFT Nifty showing a +45 point increase. There is no significant difference from the last session, suggesting a range-bound market structure. The market's nature is moderately bullish, and there is a possibility of a slight gap-up opening. If it sustains within the range, we can...
I had a long call on banknifty and a short call on nifty50. All of us know very well that the probability of that happening is quite rare. Well we go as per what the chart says, banknifty showed strength on the last working day even when nifty was falling. Today also banknifty was staying strong until the 286pt fall from 11.30 to 11.55 - just after this price move...
BANKNIFTY Intraday Trade Setup For 25 Jul 2023 Bullish-above 46095 Invalid- below 45985 T- 46320 46530 Bearish-below 45855 Invalid-above 45965 T- 45630 45404 BANKNIFTY has closed on a slight bearish note (just got passing marks :) with 0.33% cut today. In the weekend we discussed that it has created a bearish sentiment candle in daily TF on Friday. Today it was...
Utilizing the support and resistance levels of BankNifty, along with the 5-minute timeframe candlesticks and VWAP, can enhance the precision of trade entries and exits on or near these levels. It is crucial to recognize that these levels are not static, and they undergo alterations as market dynamics evolve. The dashed lines on the chart indicate the reaction...
Good morning! As of July 24th, the global market is indicating a negative start, with GIFT Nifty showing a -40 point decrease. The market nature is moderately bullish, but there is a possibility of a slight gap-down opening. after that If it takes a pullback, then the range will continue; however, if the gap-down sustains, we can expect correction continuation....
While BN is yet to achieve its short term target. Combining with nifty, while nifty fill then gap BN can make its short term target and then reverse with nifty. Stay cautious, and do not trade random.
Banknifty has been travelling with a good moment and has formed a nice green candle gaining 2.8% (1255 points) on the weekly close. Nifty didn't support the up move on friday due to the IT sector fall and banknifty finally closed only 100 points lower. On there daily charts, a doji candle has been formed. Either it is a halt candle or a reversal candle, no...
BANKNIFTY Intraday Trade Setup For 24 Jul 2023 Buy-Above 46265 Sl-46155 T- 46530 46852 Sell-Below 45920 Sl-46030 T- 45640 45404 BANKNIFTY has closed on a slight bearish note last Friday by making a shooting star candle in daily TF. Weekly candle is bold with 2.8% gain. So above 46370 we will resume the up move. But below 45920 if sustained we may start the...
Banknifty on the other hand was staying strong today, although it opened gap down, it closed down the distance in the opening 5mts itself. After hitting a new ATH of 46369.5, it started falling gradually. Banks were not at all looking weak today. Infosys fell due to poor guidance & Reliance fell after the demerger activity. Financial sector along with pharma...
Utilizing the support and resistance levels of BankNifty, along with the 5-minute timeframe candlesticks and VWAP, can enhance the precision of trade entries and exits on or near these levels. It is crucial to recognize that these levels are not static, and they undergo alterations as market dynamics evolve. The dashed lines on the chart indicate the reaction...
Good morning, friends. Sorry for the late post; I couldn't predict the opening market, so there was a delay. The BankNifty is moving a little bit neutrally, and it will likely experience some minor consolidation between today's high and the Fib level of 38%. After that, if it breaks today's high, we can expect a rally continuation. On the other hand, if it breaks...
After Showing strong Bullish Pressure towards new ATH, price showing strong bearish pressure. price also forms a inside candle, and yesterday shows a strong bullish momentum again. if this bullish momentum sustains...or falls again. Considering that inside candle as consolidation at Previous ATH levels, and shows us a bullish momentum, so if we consider this...
Banknifty Tomorrow: Sideways to BEARISH Demand and Supply Zones - When price breaks the zone, Demand zone will become Resistance and Supply zone will become Support. Refer the chart for detailed Intraday Support and Resistance levels. Happy Trading!!
BANKNIFTY Intraday Trade Setup For 21 Jul 2023 Buy-Above 46260 Sl-46150 T- 46530 46852 Sell-Below 45980 Sl-46090 T- 45750 45510 BANKNIFTY has closed on a super bullish note with more than 1% gain today. It opened flat and then buy triggered as per trade setup. Trade hit both our targets very smoothly (45710-46250+). After buy was triggered it hovered near cost...
Banknifty also outperformed this week, between the last expiry & today it is up 1443pts ~ 3.23%. Unlike Nifty50 my positional call on Banknifty did not go wrong, that was mainly because we negated a bearish trend line this week. Usually when the trendlines are broken the breakout momentum is so strong that it could take the index to an overbought level...
A 500 points rally took banknifty past 46k levels and market has closed above it. During the morning hour market consolidated and in the second half gave a rally of more than 400 points touching 46200 levels. On the hourly charts, the breakout of the previous day high gave a 350 points rally during the last hours. A sideway to bullish market will be there. Buy...
Utilizing the support and resistance levels of BankNifty, along with the 5-minute timeframe candlesticks and VWAP, can enhance the precision of trade entries and exits on or near these levels. It is crucial to recognize that these levels are not static, and they undergo alterations as market dynamics evolve. The dashed lines on the chart indicate the reaction...
Today will be FLAT opening in BANKNIFTY . After opening if banknifty sustain above 45550 level then possible upside rally of 400-500 points upto 45950 Level. And this rally can extend for another 400 points if it gives breakout of 46050 level. Any Major downside only expected in case banknifty starts trading below 45450 level.