Please Note : These are buy/sell level . these levels has to breakout in minimum 15 min candle ..
Reaching this level is not valid & Fake break out can be identified by RSI and other indicators
Bank Nifty closed in its demand zone @ 19700-19800.
On the upside, there is a resistance @ 20450 and a major supply zone @ 21300-21850.
On the downside, there is a demand zone @ 19100-19250.
According to my trade plan, If Bank Nifty will sustain below 19100 then I will take a short position in FUT for the target of the next demand zone. I will avoid long...
NSE:BankNifty seems to be poised to break out of an upward-sloping right-angled triangle today (April 30th, 2020). An attempt was made on April 29th but was rejected in the second half of the session. Need to confirm if the breakout today sustains on a closing basis. If so, this could be a good opportunity to go long.
Frist half of the day, if support held can go long for targets mentioned on the chart.
Views are for ‘’EDUCATIONAL PURPOSE ONLY’’ trade at your own risk.
"Always Respect Risk"
Happy Trading
Jai Hind
Dhiraj Singh Bais
Warrior @ Battle field
As per my analysis, BANKNIFTY if breakout above (19300 - 19400), One can see an uptrend in the BANKNIFTY. If BANKNIFTY breaks the lower thin support of 18776 (approx 18700), One can see a down trend in the BANKNIFTY.
Technical Analysis shows:
Resistance 1: 19300 - 19400
Support 1: 18350 - 18450
Support 2: 17150 - 17250
AVOID TRADING WHILE BANKNIFTY IS NEAR IT'S...
Hello Fellow Traders,
During these highly volatile times(due to corona), We doesn't know what direction the market moves.
We highly expect it to move downwards, but to our surprise, it may move upside, which has happened TODAY.
Thus, trading should not be a guessing game. It has to be based on the overall market sentiments. How the overall trading community is...
Bank Nifty closed in the major supply zone @ 19815-20840. On the downside, there's one more supply zone @ 19180-19500 and upperside 21500-2170.
Please find the supply and demand zones in the chart.
tgram swapniltradingroom
Bank Nifty next supply zone @ 17500-17600. Once it sustains above this zone it may test its next supply zone @ 18400-18900 but be careful this move may not have strength. On the downside, once it will sustain below 16300 then only I will sell for the target of 15500. 16300-17600 will be the no-trade zone for me, I may take the trade-in option selling in this...
There is no clear view of the intraday. Let's see where BNF will open on Monday then I will make a decision. 19000-21800 will be no trade zone for me.
Demand Zones
19800-20300 - Major Demand Zone for the Intraday
18350 - Minor Support
Supply Zones
21450-21800
tgam a t swapniltradingroom
Bank Nifty major demand zone @ 17500-18200. This is major support on the Weekly and Monthly chart. Let's see BNF will hold this support or not if it will fail to hold this support and manage to sustain below this zone then we can see the BNF @ 15700-16300 and 13300-14000.
Hello,
Tomorrow I am expecting a sideways range (30450-31000) in Bank Nifty. Also Bank Nifty is stronger than Nifty.
Bank Nifty closed very near to its demand zone @ 30450-30500. Tomorrow if Bank Nifty will sustain below this demand zone then I will go short and If it will sustain above this zone then I may short OTM call and Put Options.
Hello,
Demand Zones:-
30850-31120
31400-31500
Supply Zone:-
30450-30500
30850-31120 is a no-trade zone for me.
Once Bank Nifty will sustain below 31850 then I may go short for the target of the next demand zone.
Once Bank Nifty will sustain above 31150 then I am short OTM put option.
