BankNifty opened with a gap-down near our sell level 35150 and made a low of 34860 in the first 30 mins. After that, we saw a high of 35225, and then it was in that range for the entire day. BankNifty could save the 35000-34900 zone on a closing basis and we may see a bounce towards 35400-35500. Expectations for Tomorrow: Trending day. Intraday Levels: Buy Above...
understanding trades of banknifty future for 09.07.2021 on the basis of support and resistance.
BankNifty opened flat, took support near 35400 zones and we saw an up-move towards the 35700 zones. We bought 34700 PE at 190 which gave good profit in the morning. BankNifty was trading in 200 points range for almost the entire day 35500-35700 which was broken on the upside in the last 30 mins. Expectations for Tomorrow: Range-bound day volatility after 1:00...
BankNifty opened a flat, made a high of 35811 against our buy level 35820 and we saw a bearish day, we kept making lower lows and BN gave a surprising move today. For tomorrow 35000-34900 is the support zone see be cautious if you are holding a short position. Expectations for Tomorrow: Volatile day. Intraday Levels: Buy Above 35400 Sell Below 35150 To motivate...
understanding banknifty future trades for 08.07.2021 on the basis of support and resistance.
understanding banknifty future trades on the basis of support and resistance.
BankNifty opened with a gap-up above our Buying level of 34900, sustained above this level and closed above 35200. Due to slow and choppy movement, we bought 35200 CE July Month which gave good profit. Expectations for Tomorrow: Range-bound day. Resistance: 35322 Support: 35014 Intraday Levels: Buy Above 35250 Sell Below 35000 To motivate me, Please like the...
understanding Banknifty future trades and levels through support and resistance.
BankNifty opened with a minor gap-up and it faced resistance near our Buy level which was 34800, we bought 34700 PE at 255 which gave a good profit. In the second half, it broke 34800 levels and hit the first target as per the trade set-up. BankNifty is trading in a triangle pattern and the range is narrowing down, we are expecting a big trend move once it breaks...
understanding trades of banknifty future for 05.07.2021 on the basis of support and resistance.
BankNifty opened a flat and soon it tested lower range, we bought 34700 CE at 130 which gave good profit. Overall it was a range-bound day and we saw some volatility after 1:30 as analyzed. Overall it was a good day for Option Sellers. Expectations for Tomorrow: Trending Day. Resistance: 35020 Support: 34480 Intraday Levels: Buy Above 34800 Sell Below 34650 To...
understanding banknifty future trades through support and resistance.
BankNifty opened flat and faced resistance near our buy level, there was also a falling resistance line. We bought 35200 PE in the morning around 240 which hit all our targets in just 10 mins. BankNifty took support from the 34900 zones and we have seen a good rally towards the 35200 zone which was again our resistance level and we again saw rejection and sharp...
BankNifty opened with a minor gap-down and came to test the support zone 35050-34950, took support, and traded in the range. Overall BankNifty was looking bearish today though it was able to close above the physiological level of 35000. For tomorrow, if we open with Gap-up, look for the selling opportunity, if opens Gap-down follow the price action. Expectations...
BankNifty opened with a minor gap-up and trading in a range but BankNifty didn't break the previous breakout zone 35220-35150, it was a tough day for the Option buyers. For tomorrow, if BankNifty sustains above 35500 we may see rally towards 35750-35780. Expectations for Tomorrow: Trending day. Resistance: 35731 Support: 35050 Intraday Levels: Buy Above...
BankNifty opened minor gap-up and trading in a range, after consolidation between 35000 and 34900 we saw good up-move which was updated in the group. As analyzed we saw a Trending day and Call buyers made easy money. If we open with big gap-up, would look for the sell opportunity between 35700-35800 levels. Expectations for Tomorrow: Volatile day. Resistance:...
BankNifty opened with a Gap-up and traded in a very narrow range, a Typical expiry day where Option Writers were making money from both CE and PE. We took both CE and PE trades today and booked profit in both the trades. Though BankNifty 35000 CE as Zero Hero didn't work well. Expectations for Tomorrow: Trending day. Resistance: 35127 Support: 34634 Intraday...
As analyzed, BanknIfty opened with a gap-up and faced resistance near our Buy Level which is 34900, and traded in a narrow range the whole day. We tried to play in a range and bought 34800 CE which worked and gave easy 20% profit. For tomorrow, I am expecting a Negative opening. Expectations for Tomorrow: Volatile session after 1:00 PM. Resistance:...