Banknifty Prediction for Tomorrow BEARISH Reversal from All time high. Look for Buy/Sell at Demand and Supply zone for profitable trades. Demand and Supply Zones - When price breaks the zone, Demand zone will become Resistance and Supply zone will become Support. Refer the chart for detailed Intraday Support and Resistance levels. Happy Trading!!
The market will remain sideways from 47650 to 47737. I will plan a finnifty short strangle or sell puts with appropriate risk to reward. Market sentiment today is bullish. So we can plan a bullish trade—SL with 47650 and Target as 47830. The market will be bearish if it sustains below 47600. The target will be 47450, and then I will trail. But for now, my...
Banknifty has been facing resistance at 48000. according to the OI data, 48000 has PCR 0.33, which is very hard resistance to break. 47500 is the intermediate decision point from which it can fall or take support. Today, it was mostly New CE writing and PE roundoff, which shows a bearish trend is nearby. Also, an ascending triangle pattern is formed; if it breaks...
Market consolidate in the range 48000-47000 if break the resistance we can see a bullish run and if break the 47000 then we can see a 46200. All Types of Investments / Trading are subject to market risk......
Strong support at 47000 if price come that level then we can see a again buy on dip opportunity.. also market remain to fill gap 47500-47000 level.. if break the 47000 then we can see next support.. next support 46200..
As we discussed, Banknifty yesterday had a performant sideways moment. By looking at the chart now, 48000 has a huge resistance point, as OI data also shows huge CE writing at 48000 with PCR of 1:3. I expect it to be sideways because 48000 has good resistance with price-action and OI data. And 47500 has multiple support points such as EMAs and price action. ...
BankNifty important levels to watch are as follows #Support: 47800 Sell below: 47800 only on 15 minute candle closure below the level. Target 1: 47670 Target 2: 47500 #Resistance: 48000 Buy Above: 48000 only on 15 minute candle closure Above the level. Target 1: 48230 Target 2: 48500 => # Remember each level will act as a support and resistance...
Strong support at 47000 if price come that level then we can see a again buy on dip opportunity.. also market remain to fill gap 47500-47000 level.. also market follow the bullish horizontal channel.. All Types of Investments / Trading are subject to market risk......
As we discussed, Banknifty yesterday was sideways while the day was quite volatile. People who Sold 48200 CE and bought 48600 CE would have been in profit. Now, if we see the chart, it took resistance at the line we drew yesterday; now, I am expecting it to touch level 48100 again and then make a double top and fall. Reasons: 48100 will be providing a nice...
Index analysis for 19th 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...
As we have been discussing Bank-nifty, Bank-nifty continues to have a bullish move. By looking, OI has PCR 1.17, which is bullish. RSI also shows Huge bull strength. So, Banknifty is expected to go higher or might go sideways for some consolidation. Reason: RSI 70, which is in the bullish zone. (Bullish) RSI is showing a bearish divergence, which means...
NSE:BANKNIFTY DATE: 15.12.23 DAY: Friday. Time Frame: 15mint ABOVE 21200 Possible Rise Till 21280+, 21300+, 21400++ BELOW 21160 Possible Fall Till 21120+, 21060+, 21020++ Strong Support Of 50DAY EMA PLEASE DO FOLLOW IF YOU LIKE OUR ANALYSIS.
As we have discussed yesterday, BankNifty gave a fall and then took support at 46900, which was a minor support zone. Because of expiry it turned out to be a sideways day. according to the OI as 0.95 it seems bullish. But according to the price action 47200 will be acting as resistance level. if it breaks 47200 to upside then it will go bullish. Reasons: ...
As we discussed, Banknifty's analysis gave a really nice momentum after the election result. Now, Banknifty is trading at a high time and is also forming an inverted HNS pattern. However, Inverted HNS works best at the bottom of the trend, not at the top. I am expecting a correction or sideways consolidation for Banknifty in the upcoming week. Reason: RSI =...
Banknifty analysis for 7th 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...
"Good morning, friends🌺! As of December 5th, the global market sentiment is moderately bullish, supported by the Dow Jones. However, our local market sentiment shows an extremely bullish trend. It might open with a neutral to slightly gap-down, considering the GiftNifty value at -20. Regarding yesterday's structure, despite a significant increase during the last...
As we have discussed, Banknifty breakout of inverted HNS. It has completed the target of the HNS pattern. Now, it must take some consolidation or a shortfall to the downside to balance the Demand and supply. Also, this is a resistance level; it's likely to take resistance according to the historical data. Reasons: Price >> EMA(13,50,200) need some...
A 1000 points move in one week and the market is giving a nice bullish move. On the daily charts, the market has tested the 45k levels this week and closed around 43800 levels. Nifty is trading around the ALL Time high but banknifty is still 1500 points lower than its ATH. There are chances of banknifty also forming a new ATH. Major trading levels for this...