BankNifty Weekly Analysis
Between the last expiry and today BankNifty has gone up an impressive 3.2% ~ 1422pts. Quite a remarkable feat and the major reason why we had a breakout rally. The weekly chart looks pretty loaded up for further gains.
BankNifty Today’s Analysis
Yesterday I remember saying the “rally is still not dead in banknifty” although my view...
BANK NIFTY : Current Price- 44532. OPTION : 44600 CE & 44600 PE
Resistance- 44583.3 After a Break of Resistance
Target 1 -44612.1... Target 2 -44638... Target 3 -44687... And Target 4 -44794...
SL... Below the Resistance Line...
Support- 44520.2 After a Break of Support
Target 1 -44461.3... Target 2...
As Per Option Data Market Show Bearish . so Whats Plan For Tommrow If you Are a New Trader then I recommend not trading on Friday. Tomorrow's Market More Interesting As Per data CE Writer Today More At 44000 current Condition CE Writer Greater Then Pe Writer and Also
Retail Full Bearish At Future/ce/pe
DII Future Bearish
FII CE Bearish
What Is The Main Support...
Banknifty level for friday react
Clear-cut level for upcoming day
Strong support zone 43711 to 43450
If break support zone then decide 42574 level
Please analyse market own your risk📈📉
Thank you - AkashXtrade 😎
Banknifty 1day timeframe reacting
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
For Bank nifty Market Need To Break 44300 and trade Abve This Then We Can Consider a Buying Side Entry Otherwise We Avoid This. If Market Again Trade Mention This Levels then Don't Want To Trade Just Wait For Break out and Break Down . If Again Market Break Downside Support Zone 44100 and Then 44000 Then the Downside is More Possible Upto 44900.
AS PER OI...
As you can see here that price continously closing near Median line , thatswhy you
are not getting proper move in banknifty , this is the fifth time it closed
near Median line, but with a squeeze in bollinger band , you may see a nice move
today price do not face resistance at 44149 or support at 43919, if it retraces back
from 44149 , or bounce back from 43919 ,...
Lookslike a sideways, squeeze in bollinger band.it may take long time to
burst, may be in last one hour of monday or in tuesday. Whenever market closes near median
line, it remains sideway first half of the day in next trading day. and then it gives nice moves to bursted side. gap up and gap down not considered.
if price goes above 45807, after breaking...
Bollinger squeeze and about to burst in 30 minute chart.
if bollinger burst and price travel s upside and crosses 45816 then it may
touch 45933 easily , which is a strong resistance, crossing above 45933
price may reach easily to the level of 46129.
if bollinger do not burst upside and starts travelling below and crosses down
below 45618 then you may see a...
The real move on banknifty came after HDFCBK declared its results i.e after 12.45. Till then it was happy to trade in a flattish manner. The opening 4 x 5mts candle was interesting, but the downside was also limited as there was no real selling pressure.
Once the HDFCBK results were out, banknifty started surging. Even other banks also joined the party. We went...
Banknifty had a classic bearish pattern today. Opening gap up which was due to positive handout from global markets, then a rally of 205pts till 12.05. From there BN really lost the cool and was falling heavily.
We had a total fall of 475pts ~ 1.05% till 15.05. If you compare the same time frame with Nifty - you will understand how N50 fared better. It did fall...
As i told you all in my previous analysis of Banknifty that it will reach pretty high,
whenever Bollinger Band bursts , if price reaches already near standard deviation 3 ,
or within a day or two it reaches near standard deviation 3 , then price do not falls, it takes support of
standard deviation 3 and goes much higher along with standard deviation 3, untill it...
Add this to your watchlist wait for conformation
fundamentally good stock
Once it reaches : 1100
then it come for retracement upto: 990
after retracement it again comes to : 1050
that is what entry point is,.
stay for update
Banknifty is forming a double bottom (W pattern). Will it break the level of 44132 and break the all-time high? Special about expiry
Buy above 43782(43700 CE) Target 4385, 44005,44132
Sell below 43465 (43500 PE) Target 43333,43186,43033