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
banknifty upside complete 5 wave structure and correction start
Hello Traders, Welcome to SriTrader5121 ____________________________________ BankNifty-10/04/2023-Levels IMPORTENT ZONE FOR THE DAY : 40942 - 40973 Possibilities of Today market open... Possibility 1: FLAT If market open as a FLAT and moves to UP - SIDE then BUY with the Support of R and SELL with the Rejection of R. (or) If market open as a FLAT and...
BankNifty Trading Levels For Tomorrow’s Trading Session Resistance 39750-39800 Towards Target of 40000 With SL of 39700 Support 38950-38900 Towards Target of 38700 With SL of 39000
The trades till 14.20 was kind of predictable, but the last 1 hour was really special. NSE:BANKNIFTY got wings ! The open was gap up at 39442 and then we started dropping gradually. At around 10.00 i posted "$BANKNIFTY PE premiums are unusually high ! either traders expecting huge downside today or maybe its good time for PE credit spread" in the bank nifty...
The FASP for BankNifty is listed for 17-03-2023 . You can add this levels to your trade setup for better results. This should not be the only indicator but an additional tool to increase your winning possibilities. What is Fibolysis Anchor SupRes Points(FASP)? It is a unique level arrived by using Fibonacci Retracement , Fibonacci Extension , Standard Pivot...
The FASP for BankNifty is listed for 10-03-2023. You can add this levels to your trade setup for better results. This should not be the only indicator but an additional tool to increase your winning possibilities. What is Fibolysis Anchor SupRes Points(FASP)? It is a unique level arrived by using Fibonacci Retracement , Fibonacci Extension , Standard Pivot levels...
Today was relatively flattish trading day except may be the period 13.50 to 14.10 when we had a minor scare ! There are 2 major news, one acting on the bull side & the other bearish for NSE:BANKNIFTY tomorrow ! HDFC & NSE:HDFCBANK merger news 2. India's GDP rises to 4.4% vs 4.6% estimates India's GDP Growth Slows To 4.4% In Q3; Pegged At 7% For Full Year So...
Surprising price action by NSE:BANKNIFTY today, especially the last 40mts when the bounce from the support took it to the HOD. The preopen rates today was not indicating any hint of green, still NSE:BANKNIFTY hit the resistance in the 4th candle after the gap down open. The first candle it fell to the support level of 39742 & the bounce was good enough! 39742...
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...
The FASP for Bank Nifty is listed for 16-02-2023. You can add this levels to your trade setup for better results. This should not be the only indicator but an additional tool to increase your winning possibilities. What is Fibolysis Anchor SupRes Points(FASP)? It is a unique level arrived by using Fibonacci Retracement , Fibonacci Extension , Standard Pivot...
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...
The FASP for BankNifty is listed for 01-02-2023 . You can add this levels to your trade setup for better results. This should not be the only indicator but an additional tool to increase your winning possibilities. What is Fibolysis Anchor SupRes Points(FASP)? It is a unique level arrived by using Fibonacci Retracement , Fibonacci Extension , Standard Pivot...
On 16th Jan I have posted an idea of BN in which possibility of decline were mentioned. that decline is already started and now we are in 4th wave of that wave c decline. 5th wave of wave c is still pending on down side which is explained in this video in hindi language. Thanks for watching...
The FASP for BankNifty is listed for 23-1-2023 . You can add this levels to your trade setup for better results. This should not be the only indicator but an additional tool to increase your winning possibilities. What is Fibolysis Anchor SupRes Points(FASP)? It is a unique level arrived by using Fibonacci Retracement , Fibonacci Extension , Standard Pivot...
Pretty unconvincing price action by NSE:BANKNIFTY today morning esp after US markets SP:SPX fell 0.76%, TVC:DJI 0.76% and NDQ -1% overnight. This is in addition to the fall on 18th. SPX has now fallen consecutively for 3 days from the resistance level of 3991 & now 3945. We hit the resistance of 42573 in the 2nd candle itself and a consistent rally from...
Take a look at the chart below, 5mts TF its a perfect continuation from yesterday - we broke the 1st support at 09.40 and 2nd support at 13.15 in the single leg. And then we had a retracement back to the SR level (yellow dotted lines) and final close there. So what do we infer from the charts today Expiry level positioning worked out very well today, all the...
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...