Hello All,
Please find the related idea below where it breached 39700 level.
We have a triangle pattern forming and 50, 200 EMA crossover. Usually EMA crossover in larger timeframe works effectively if you refer previous crossovers.
Expecting to breach 40400 tomorrow
Always trade carefully with proper SL because it’s your hard earned money.
Please note this is...
Bank nifty opened right at the support level, made a hammer kind of pattern in the first candle. The next candle close was above the support line and then the next 2 candles were of strong bearishness. Looking at the first 20mts of trade i strongly felt bank nifty may trade lower. But what really happened was a strong rally from 09.35 to 10.20.
This is quite...
Bank nifty opened a bit gap down at 38957 and till 09.50 it was failing to close the gap or trade higher. Remember yesterday we discussed that the top made on 12th did not break the swing high of 11th - read here. It proved that the final hour of yesterday’s close was basically short covering and not fresh longs.
The opening 30mts today gave all those who covered...
Hello All,
Please find the related idea below where it touched 39100.
Today market has opened with +73 points and the momentum continued till 38900. After that market has range bound traded between 38700 to 38900 levels till 1:55 PM.
Exactly at 2 PM 38900 level breached and it went to 39100. To summarise it market just tallied the yesterday down move. Yesterday...
Hello All,
Nice falling channel has been forming and it’s currently at breakout stage. If it happens then it will go to 39700 and 40400 levels. Otherwise a correction will happen which might go to the lower levels 38000, 37500 and 36800.
But in long term we can see good bullish momentum and will break the all time high.
Please check the related idea below where...
Resistance Level: 38189.45
Support Level:37550.80
If candles are sustaining or break above resistance level , we can expect upside move and the targets will be fib retracement levels as per chart
If candles are sustaining between resistance and support levels, consider as neutral
If candles are sustaining or break below support level , we can expect downside move...
Hello All,
Please refer my previous related idea where both side targets have been achieved and the next targets are still open.
Today BNF opened with +200 pts and profits booked sooner but overall yesterday and today structure seems like falling channel which more likely to break on upper side. Please refer the levels on chart.
We are seeing selling 2500...
Hello Traders,
Welcome to SriTrader5121
BankNifty-26/09/2022-Levels
If market open as a GAP-DOWN and moves to UP-Side then BUY with the Support of PDL and SELL with the Rejection of R@1.
(or)
If market open as a GAP-DOWN and moves to DOWN-Side then BUY with the Support of S@2 and SELL with the Rejection of S@1.
Banknifty Possible Trade in Option Day Trading
Support Zone 1 - 39330 - 39365
Support Zone 2 - 39080 - 39116
Resistance Zone 1 - 39603 - 39572
Resistance Zone 2 - 39938 - 39901
Hi Guys,
We can go for Bank Nifty Long only if closing happen above 39650.
BN facing strong resistance in this area and seller is getting active.
One can consider for long above this level. Until then this is good resistance area for intraday trader.
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If you have any suggestions or questions then please add...
#BankNifty-- Since 33k the index is moving like anything and Tuesday we saw a great move of 3.5%. Finally looking like index is forming a flag and pole pattern. over all pattern is positive and can initiate long after confirmation. Pattern can be negative below 38k. till we are above 38k is a buy on dips.
Note- Its my view, Please initiate trade after...
Please refer the chart for range for next week.
Banknifty has retested the 38000 level once again. Always be prepared for the both side entry.
Please consider this for educational purpose only.
Always consult with your financial advisor before taking any trade
All the information shared in this chart is provided for strictly educational purposes only. This chart is sharing information are based on the theory of technical analysis. This is not an offer to buy or sell stocks, futures, options, commodity, forex, interests or any other trading security. Back test yourself before jump into live market consult your financial...
All the information shared in this chart is provided for strictly educational purposes only. This chart is sharing information are based on the theory of technical analysis. This is not an offer to buy or sell stocks, futures, options, commodity, forex, interests or any other trading security. Back test yourself before jump into live market consult your financial...
All the information shared in this chart is provided for strictly educational purposes only. This chart is sharing information are based on the theory of technical analysis. This is not an offer to buy or sell stocks, futures, options, commodity, forex, interests or any other trading security. Back test yourself before jump into live market consult your financial...
BankNifty Daily Levels Update For Option Day Trading
Banknifty Levels For F&O Live Day Trading
Support Zone (39156 – 39124)
Resistance Zone (39422 – 39380)
All the information shared in this chart is provided for strictly educational purposes only. This chart is sharing information are based on the theory of technical analysis. This is not an offer to buy or sell stocks, futures, options, commodity, forex, interests or any other trading security. Back test yourself before jump into live market consult your financial...
