Bank Nifty Levels are shared for Monday
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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...
As we can see a cup and handle formation chart. Which gave a breakout confirmation today. If we measure the depth of the cup, that will be the projected target. The whole formation took 1 year of time so we can say the target will also come in one year.
Hello All,
Hope you are doing well.
Please refer my previous idea below where it hit both targets downside and took support exactly at 41300 thus forming a double bottom along with 28th Oct low.
This support gave almost 300 points. If at all there is a gap-up 42000 can be hit.
HDFC has solid green today and currently at resistance.
Always trade carefully with...
Hello All,
Hope everyone are doing great.
Please find my previous related idea where I mentioned about the consolidation that was happening from Diwali 24 Oct till yesterday. Somehow that range had broken yesterday and retested today.
There is no great momentum today but if market sustains this level can go higher levels.
Expecting slight gapup tomorrow but...
Technical Analysis – For Trading
Support Zones For BankNifty Intraday Trading
First Support Zone For BankNifty – ( 41115 – 41145)
Second Support Zone For BankNifty – ( 40866 – 40896 )
Third Support Zone For Banknifty - ( 40620 – 40651 )
Forth...
