Banknifty 1day timeframe reacting
#Double Bottom
Strong support is over here 43720 to 43423
Good neckline supply zone 44727 to 44603
For short position should be below support are 43423
for long position should be above neckline area 44727
Please do analysis your own risk thank you
Hi All,
Banknifty is forming falling channel already broke and retested yesterday. 45092 will act as immediate resistance on upper side. If that breaks channel target 44550.
Please consider this is for educational purposes only and consult with your financial advisor before taking any trade.
Hidden bullish divergence is visible on 15 min TF. Bank Nifty is done with correction. Expecting Bank Nifty to lead index in upcoming days till it holds Friday low. One Can enter long when it crosses 45200 level.
Bank Nifty Levels are shared for Monday
Details analysis already shared in You Tube
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Disclaimer
I am not sebi registered analyst
My studies are Educational purpose only
Please consult with your Financial advisor before trading or investing
I may be 100% wrong as its my pers
Nifty Expiry Set up & Option chain
Nifty Cleared resistance -17800
Next one -18000
Support -17800 -1770
Nifty Bank -
Trend
Bullish - Resistance 41710 -42000
support 41600
BankNifty Trading Levels For Tomorrow’s Trading Session
Resistance 41650-41700
Towards Target of 42000
With SL of 41600
Support 41450-41400
Towards Target of 41200
With SL of 41500
Note : Trading in any financial market is very risky. I post ideas for educational purpose only. It is not financial advice. Do not hold us responsible for any potential loss you may incur. Please consult your financial adviser before trading.
We had that resistance breakout today, a much awaited 41624 break. This makes the coming days exciting - most importantly tomorrow's expiry
NSE:BANKNIFTY opened inline at 41674 and made a series of red candles till 09.40, a fall of 0.52% and crucial 41624 SR rejection.
From there it made steady gains to take out the SR at 11.20 but only to fail in the next...
As we can see currently bnf is trading in a range and follow a trend line (marked on the chart) the area presented in grey colour was acted as a crucial supply zone in the past, after the breakout of the trend line our entry will be activated above 41800 level and our target will be 42000 round figure.
My view is bullish on bank nifty
What is yours? Post your...
Another boring price action today, the minimal variance in options premium after the morning jump shows the lack of volatility today.
NSE:BANKNIFTY Gap up opening at 42891 right at the resistance level of 42888, The first candle showed a brief rejection, but the 3rd and 4th candles were quite strong and surged ahead. BN hit HOD of 43005 at 09.50 and from there...
Probably you would feel it repetitive when i said the nifty and bank nifty made moves when the US markets were on holidays.
Look what happened today with bank nifty - we have negated the 2 day's of price action ie. 02 Jan and 03 Jan. Which means we have closed today at the same value as of 30th Dec
The child was having a nice time when the mom was on leave, now...
