Today expected slightly gap up opening in bank nifty. If it trading above 29650 then we can go for a target of 29970+. We will see downside only if it trading below 29400 in today's session.
Hi Traders,
1. On 13 th Nov 2020, I wrote in my weekly blog about the green line taken out the condition and you can see it got fulfilled and gave Approximately 700 points is quoting my words of the statement in trading plan section point no.1" I marked a blue line if it is taken out in both time frame 1h & 15 min then I would like to leave my...
29400 is small resistance and 28800 is support..
if break 28800 then can move downside, if break 29400 then will fly upside... as structure is channel and triangle pattern.. let seee how will it move..
write ur view in comment....
bank nifty is strongly bullish ! but dont take blindly !!!
bank nifty broken 29000 major resistance after failing first attempt....
28800 is major support if breaks then market bias turn bearish other wise not...
high probability is market can open gap up...
29000 will may turn into support ...
write your comment below... whats your view
no sell buy...
No major changes in yesterday's level. Possible banknifty will open flat near yesterday's closing price. If it successfully breakout and hold above the 29050 levels then we will see the strong bullish rally towards the 29550+.
Higher Time Frame Price value relationship:
Monthly - Key Resistance at 27300 became Key Support now for shorter time.
Game plan for tomorrow(10/11/2020):
- Price value relationship indicating higher value. Market can be breakout/ranging.
- Trade Plan A: Any bullish price action seen at 27225 - 27265 go for long with target of 27390, 27570
- Trade Plan...
Higher Time Frame Price value relationship:
Monthly - Key Resistance at 27300
Weekly - Higher value relationship with a CPR expansion, mostly market can be ranging.
Game plan for tomorrow(08/11/2020):
- Price value relationship indicating higher value. Market can be ranging.
- Trade Plan A: Any bullish price action seen at 26580 - 26620 go for long...
Entire last week NSE:BANKNIFTY shoot up around 2500+ points narrowly and entered into key decision zone
Now 26800 - 27000 will become the key decision whether to continue the rally further or to take a correction
Plan A : If next week open gap down below 26700 then 26300 is our next immediate demand zone and from there upside rally can continue
Plan B...
Hi Traders,
1. On 31st of October 2020, I wrote in my weekly blog the rally you saw this week with clear conditions that even a layman can understand. See the words I quote as proof of this upside move in trade plan section point no.1 " In the current fig I marked one red line upside If this is taken out in the next session in both time frames...
Bank Nifty has reached the earlier given target ( Fibonacci level on long term view 0.618 ) and now its time for a reversal trend.
Anything above the current level is purely a STOPLOSS HUNTING.
The next strong bullishness is only above 26958
Rest is explained in the chart with the markings
tagging the previous chart down
![BANKNIFTY: [INTRADAY] BANKNIFTY PE & CE Levels(01/12/2020)](https://s3.tradingview.com/p/Po2EUKxN_mid.png "[INTRADAY] BANKNIFTY PE & CE Levels(01/12/2020)")
![BANKNIFTY: [INTRADAY] BANKNIFTY PE & CE Levels(20/11/2020)](https://s3.tradingview.com/b/bOmNp3O2_mid.png "[INTRADAY] BANKNIFTY PE & CE Levels(20/11/2020)")
![BANKNIFTY: [INTRADAY] BANKNIFTY PE & CE Levels(12/11/2020)](https://s3.tradingview.com/c/cZMMXS0N_mid.png "[INTRADAY] BANKNIFTY PE & CE Levels(12/11/2020)")
![BANKNIFTY: [INTRADAY] BANKNIFTY PE & CE Levels(05/11/2020)](https://s3.tradingview.com/d/DwjAisLh_mid.png "[INTRADAY] BANKNIFTY PE & CE Levels(05/11/2020)")
![BANKNIFTY: [INTRADAY] BANKNIFTY PE & CE Levels(04/11/2020)](https://s3.tradingview.com/a/ALZQj0ds_mid.png "[INTRADAY] BANKNIFTY PE & CE Levels(04/11/2020)")
