as we have already discussed Banknifty has given breakout. and yesterday it also had a consolidation i will not say it was a healthy one. but I was monthly expiry and rounded well for bulls. Now I am expecting it to move bullish whole this week. Target 1 will be 45561, then some consolidation and it will move to all time high 46250.
Reasons:
Price has...
Banknifty analysis for Ist December 2023 for educational purpose
This video is for educational purpose and my personal view . We are NOT SEBI registered Advisor, we only give the level on our practical trading experience. Kindly take the trade according to your risk and reward position and consulting your advisor. It is advisable to take the advice of SEBI...
BANKNIFTY ANALYSIS FOR 30TH NOVEMBER 2023 FOR EDUCATIONAL PURPOSE ONLY
This video is for educational purpose and my personal view . We are NOT SEBI registered Advisor, we only give the level on our practical trading experience. Kindly take the trade according to your risk and reward position and consulting your advisor. It is advisable to take the advice of SEBI...
As we discussed yesterday, Banknifty moved to upside and took a retrace and again continue the bullish momentum. By looking the chart and OI data Banknifty is highly likely to move in the up direction.
Reasons:
BANKNIFTY break the range by making inverted HNS pattern. (Bullish)
RSI has broken to upside and retraced. (Bullish)
Price > EMAs (Bullish)
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Banknifty major levels
Support :- 43860, 43750, 43580.
Resistance :- 43980, 44080, 44180.
Market seems to go bullish as per the daily closing and there are chance of market picking up momentum after cross the round number of 44k.
Wait for the price action near the levels before entering the market.
Banknifty analysis for 29TH NOVEMBER 2023 for educational purpose
This video is for educational purpose and my personal view . We are NOT SEBI registered Advisor, we only give the level on our practical trading experience. Kindly take the trade according to your risk and reward position and consulting your advisor. It is advisable to take the advice of SEBI...
Banknifty analysis for 28th November 2023 for educational purpose
This video is for educational purpose and my personal view . We are NOT SEBI registered Advisor, we only give the level on our practical trading experience. Kindly take the trade according to your risk and reward position and consulting your advisor. It is advisable to take the advice of SEBI...
As we discussed yesterday Banknifty was sideways it has been forming ascending trangle if it breaks to downside it will be touching the 43430 level. on upside it has the 200 EMA resistance and price action resistance level at 43770.
Reasons:
PCR = 0.65, its expiry today mostly its sideways. but OI shows as Bearish.
200 EMA resistance to upside....
BankNIFTY seems to be going sideways in the range of 43400 - 43800 as levels have been marked on the chart.
for past few days BANKNIFTY have been sideways mostly perfect DOJI. level 43400 will be providing a nice support and 43800 will be acting as resistance unless it's broken to the upside.
Reasons:
Expiry is mostly sideways also PCR = 0.65 (Bearish)
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