BANK NIFTY ANALYSIS FOR 25-05-21Do not trade in between 35180 - 34680
Buy Above 35180 for the Targets marked on Chart
Sell below 34680 for the Targets marked on Chart
Take Entries when Market sustains above / below our levels
Avoid entries , if there is a Huge Gap Up / Gap Down
Take Entries as per Price Action
** Only for Educational Purposes
( As you all can see our daily Analysis , Bank Nifty is respecting all our analysis with treadlines and Support & Resistance Lines )
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Bankniftylong
BANKNIFTY CHART ANALYSED FOR UPCOMING TRADING SESSIONS Did exactly what we’ve been discussing since last few weeks
Accuracy being 100 percent
Also reversed exactly from the levels we discussed before
Now further it has already broken its long range , it can continue ✅ but it’s better to make any new buying position at retest around 34000 levels ✅
Next resistance to look at is 35000 which is also a psychological level
BANK NIFTY ANALYSIS FOR 24-05-2021Do not trade in between 34150 - 33650
Buy Above 34900 for the Targets marked on Chart
Sell below 34650 for the Targets marked on Chart
Take Entries when Market sustains above / below our levels
Avoid entries , if there is a Huge Gap Up / Gap Down
Take Entries as per Price Action
** Only for Educational Purposes
( As you all can see our daily Analysis , Bank Nifty is respecting all our analysis with treadlines and Support & Resistance Lines )
PLEASE DO LIKE , COMMENT OUR POSTS .
Signal Arrived for BANK NIFTY Analysis (May 20)BANK NIFTY Analysis (May 20)
MARKET IS IN A RANGING TYPE
The Last two days, shows a CONSOLIDATION PRICE ACTION.
ADX is comparatively facing a disruption.
But Price Action is Building up Momentum. (Weak Momentum)
My Own Developed Indicators Recommends a Potential Buy Signal or a Negative Doji.
If tomorrow ends in a Negative Doji, the next day will be a Game Changing Candle.
Overall Strength (Green NSE:BANKNIFTY )
Check My Latest Post about Indicators to use for Intraday, which will help you to trade with ease.
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Banknifty sentiment analysis for todayHello Traders! Good morning to all..
> yesterday market performed more than expected. Thanks to call option sellers.
> Today also SGX Nifty indicating positive start
> Since we have moved more than 4%. I am expecting the market to trade between yesterday's range.
> By yesterdays close we had the max pain at 33000. So we can expect the market to give a pull back for new buyers to get in.
> US & Europe both are down.
> PCR is negative @ ATM strike
> On covid front new cases are increasing in south and north is dropping from all time high.
> Support and resistance on the chart. Be safe and Manage your risk reward.
Idea provided for educational purpose only.
BankNifty 18/5/2021 Double BottomHello Everyone,
Hope you all are fit and fine ... Stay Safe and Trade safe...!
BankNifty to Open Gap UP .... forming W or Double Bottom pattern ... Target 34000 t0 34500.. 35000 .. in coming days.
Resistance Level :
1. 33500 to 33600 is next level of Resistance developing.
2. 34000 is other Resistance level .
Support Level :
1. 33000 next Support level .
Sideways Possibility :
More chances of sideways market after such Rally...and Resistance around 33500.
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Banknifty 11/05/2021Hello Everyone,
Hope you all are fit and fine ... Stay Safe and Trade safe...!
Resistance Level :
1. 33200 to 33300 is next level of Resistance, of which 33250 is another strong level.
2. 33500 is other Resistance level, if this is broken then till 33900 a good rally can be seen.
Support Level :
1. 33000 is next Strong Support level .
Note : Support level is shifting Upwards.. Market needs to sustain above 33300 for goo upward rally.
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Please like and share with your friends as well.
BANKNIFTY PARADOX- BULLISH OR BEARISH?The banknifty has been moving in triangle for the last two sessions, 6th may expiry happened in consolidation and so did the friday closing.
The Paradox that we have for banknifty is, there is huge call writing done on 33000 level followed be 34000, which means that sellers see the market as bearish, But on the other hand there is continuous support of 50 and 200 EMA. followed by support at the current level as per volume profile.
Looking at both these situation we cannot carry a firm view about the market and need to wait for the closing to happen.
so, if closing on 15 min happens below 200 EMA and triangle than we can see a good downfall of 500+ points.
where as , if it gives breakout above triangle, than let the upside rally continue.
whatever happens, we need to wait for a clear signal, because its better to play big when you are sure than to upset yourself over the uncertainty which always exist in the market.
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BANKNIFTY CHART ANALYSED FOR 7th MAY BANKNIFTY AT VERY CRUCIAL LEVELS
We can expect UNIDIRECTIONAL MOVE if 33000 is broken with proper candle close for going long
Reasons being :-
Banknifty has been consolidating since last 2-3 trading sessions and this accumulation breakout can give huge movements
Formation of CUP and HANDLE pattern which is also a bullish continuation pattern moreover it has formed ascending triangle pattern which signifies strong bullishness if 33000 mark is broken with proper candle close
33000 is a psychological level which has been respected and tested for 2-3 times making that resistance weak and hence breaking of that very resistance can give at least 200-300 points UNIDIRECTIONAL move ✅
MAKE SURE ONLY GO LONG IF 33000 mark is broken with proper candle close 🙏🏼
Banknifty 4/4/2021 Hello Everyone,
As per my analysis, BnkNifty to Open Gap UP about 100-200 pts.
If BnkNifty sustains above 32550 first 15-30 mins then upward movement can be seen till 32900.
32900 is upper Resistance Level.
32300 is lower Support Level. If this level is broken then 32000 can be seen.
BANKNIFTY ANALYSIS FOR 3rd MAY As we can see in the chart that BANKNIFTY was continuously going upwards since 22nd April. On 29th April BANKNIFTY faced the resistance of 33950 level and then pullback occurred. Right now BANKNIFTY is currently trading at 32700 level, now we can call this pullback as a retracement. So as per the Fibonacci retracement, BANKNIFTY can retrace 50% and then it will bounce back it means if BANKNIFTY mean to be bounced back then it has to take a strong support i.e. 32400 - 32500 (0.5 Fib Support). So BANKNIFTY will retrace 50% and then it will take a support from 32400-500 level and then it will bounce back. However, BANKNIFTY can face the resistance at 33150-250.
Banknifty Spot Chart 23/04/2021Hello Everyone,
Tomorrow there can be a smal Gap-Down Opening considering the last 15 min.
If BnkNifty reverses and Sustains above 31800 then a big rally can be seen and a target of 32450 can be Hit.
Considering, Yesterday's Fall and Today's Upward movement a V shaped recovery is seen with Reversal at it's neck point.