Hello Traders, Welcome to SriTrader5121 _______________________________________ Overall view for the day. Buy - Above Side-ways-zone Sell - Below Side-ways-zone See the price action at our zones, take the trade according to your Risk - Reward. Happy Learning and Trading – SriTrader5121 ______________________________________ Rules to fallow... 1) Wait for...
BNF tried to move past 46753, it failed and made a double top before testing 46546. This is a level that had previously pushed price to around 47000, however, with recent movement, it had been respecting a parallel channel formed in 15MTF. If level 46699 is not broken, we can expect a movement down, this will also fill the gap before moving to 46360. Note:...
For last few trading sessions, market is volatile and is taking the stop losses. Today also the market remained in a range and closed below the daily 20 ema. There is a rejection from the levels and an inverted hammer is formed on the daily charts. If there is a gap up to flat opening and market starts trading below today's low, it can test the lower support...
Hello Traders, Welcome to SriTrader5121 _______________________________________ Overall view for the day. Buy - Above Side-ways-zone Sell - Below Side-ways-zone See the price action at our zones, take the trade according to your Risk - Reward. Happy Learning and Trading – SriTrader5121 ______________________________________ Rules to fallow... 1) Wait for...
Hello Traders, as we have been discussing the resistance line and bears and bull zone in Banknifty, it has broken the resistance line and entered the bull zone, where I expect the market to be bullish. if we look at the chart now: The market broke to the upside yesterday. It opened at +500 and ended up sideways. That means the market is not consolidating...
Hello Traders, Welcome to SriTrader5121 _______________________________________ Overall view for the day. Buy - Above Side-ways-zone Sell - Below Side-ways-zone See the price action at our zones, take the trade according to your Risk - Reward. Happy Learning and Trading – SriTrader5121 ______________________________________ Rules to fallow... 1) Wait for...
A big red candle on the weekly charts after 4 consecutive green candle is either profit booking or a double top formation confirmation. Banknifty has come for selling but the downside movement is slow which shows there are still buying happening in the market. There is doji formation on the daily charts and a significant selling is not there in the index as...
Hello Traders, Welcome to SriTrader5121 _______________________________________ Overall view for the day. Buy - Above Side-ways-zone Sell - Below Side-ways-zone See the price action at our zones, take the trade according to your Risk - Reward. Happy Learning and Trading – SriTrader5121 ______________________________________ Rules to fallow... 1) Wait for...
Hello Traders, Welcome to SriTrader5121 _______________________________________ Overall view for the day. Buy - Above Side-ways-zone Sell - Below Side-ways-zone See the price action at our zones, take the trade according to your Risk - Reward. Happy Learning and Trading – SriTrader5121 ______________________________________ Rules to fallow... 1) Wait for...
I am expecting market to be sideways for today. all important levels have been marked at the chart. Support: 46343, 46000 Resistance: 46690, 46900 Verdict: Sideways Plan of action: Sell 46300 PE and Sell 46700 CE (Hedge it with 20/- premium )
The BankNifty's gap-up opening above 46200 suggests a bullish outlook for the day. Traders may anticipate upward momentum, particularly considering the channel pattern observed in higher time frames.Conversely, a gap-down opening below 46000 could lead to a sideways to bearish trend. However, the prevailing channel pattern increases the likelihood of a bullish...
Hello Traders, Welcome to SriTrader5121 _______________________________________ Overall view for the day. Buy - Above Side-ways-zone Sell - Below Side-ways-zone See the price action at our zones, take the trade according to your Risk - Reward. Happy Learning and Trading – SriTrader5121 ______________________________________ Rules to fallow... 1) Wait for...
The chart indicates 15 min time frame. These Levels act as Support and Resistance according to position of price. These are strictly for Intraday Trading only. Execution only after break out and close above the Resistance zone or break down and close below the Support zone. These levels act as support and resistance. You have to trade according to level breakout...
As we discussed in our analysis market closed sideways today. I am expecting market to be sideways for tomorrow. all important levels have been marked at the chart. Support: 46343, 46000 Resistance: 46690, 46900 Verdict: Sideways Plan of action: Sell 46300 PE and Sell 46700 CE (Hedge it with 20/- premium )
bank nifty is travelling inside a channel. 46300 to 46500 is a strong support level as marked on the chart. if this level is broken, bank nifty may go downside to the next support level marked on the chart. or, if it takes support to this level, it may go up to the next upper level marked on the chart Disclaimer: All information provided here is for...
As we have discussed in our Video, BANKNIFTY was making HNS, whose target was 46470. that has been achieved. If we look at the chart now: The market is trading at the support trendline(1-H TF). Banknifty is also trading at 0.61 fib level, which might be crucial for banknifty to take support. Price is volume balanced, which indicates the market can make a...
BankNifty Analysis - Stance Neutral ➡️ BankNifty fell 195 points today ~ -0.42%, but that would end up not being sufficient to push it into Bear territory. We might need roughly 400+ points fall to slip into the bearish channel following which both N50 and BN will have the same direction. Over the last 2.5 months rarely did both the indices align in the same...
The banknifty is travelling in a downward channel. also the possible support and resistances are marked in the chart. if it breaks the channel in upside direction, may be a bullish movement is possible. if it breaks the support of 46500 level, a bearish movement may happen. Disclaimer: All information provided here is for educational purposes and not a...