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) ...
1. PCR = 0.65 Bearish 2. Price < EMA(200) 3. Golden Crossover (Bearish) 4. RSI < 40 (week bull power) (Bearish) 5. Max Pain: 43600
Good Morning Everyone After opening on gap up, bank nifty wiped our around 200 points gain from day's high and closed higher by 310 points at 44202, with above average volume. Well index has formed bearish candlestick pattern n daily chart pattern because the closing was lower than the opening levels. Market is on buying on dips. So in case you see any dip try to...
BankNifty Tomorrow view- Expected to be in wave 5 formation and expecting Banknifty to continue its rally to complete its wave 5 formation after a small decline. After which expecting a decline to correct the entire impulsive move.
Banknifty is in gods consolidation zone. If it breaks upside or down side we can see good move like Zero Hero
BankNifty has been in the rising wedge pattern which is usally Bearish Pattern. as it has also been taking resistance from the 1H-tf trendline. also its expiry today that means mostly its sideways. But if it breaks the rising wedge to downside it might give a nice target of 350-400 points to bearish side. Reason: EMA 200 support line to downside. will...
Good Morning Everyone, Guy's Banknifty has given huge momentum in last trading session, it has given good closing above 43700, and formed a bullish candlestick pattern with a long lower shadow on the daily timeframe. Banknifty is clearly saying you can buy on dips to me. There was a hurdle of 43700, which has got cleared in yesterday session. Now 44000 will be...
Banknifty has formed a nice dragon fly doji or a hammer candle with a bullish engulfing candle on the daily charts. It tested the 200 ema and has closed on a bullish note as it moved 500 points from the day low. On the hourly chart, it has closed above both the moving averages. If there is another gap up opening, there can be a one side rally as it is weekly...
Banknifty analysis for 8th 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...
A nice "M" pattern formation on the weekly charts for banknifty is a nice bearish trend for the markets. Banknifty may retest the neck line of the pattern and continue the bearish move after the retracement. Currently, it is taking resistance from 50% fib level and there are chance of retracing 61.8% fib level. On the daily chart, three doji candle are showing...
BankNifty important levels to watch are as follows #Support: 43210 Sell below: 43210 only on 15 minute candle closure below the level. Target 1: 43000 Target 2: 42860 #Resistance: 43350 Buy Above: 43350 only on 15 minute candle closure Above the level. Target 1: 43450 Target 2: 43600-43615 => # Remember each level will act as a support and resistance...
Banknifty analysis for 3RD 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 important levels to watch are as follows #Support: 42990 Sell below: 42990 only on 15 minute candle closure below the level. Target 1: 42850 Target 2: 42670 #Resistance: 43200 Buy Above: 43200 only on 15 minute candle closure Above the level. Target 1: 43325 Target 2: 43450 => # Remember each level will act as a support and resistance...
Banknifty analysis for 2nd 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 important levels to watch are as follows #Support: 42670 Sell below: 42670 only on 15 minute candle closure below the level. Target 1: 42510 Target 2: 42300 #Resistance: 42815 Buy Above: 42815 only on 15 minute candle closure Above the level. Target 1: 42920 Target 2: 43020 => # Remember each level will act as a support and resistance...
Banknifty has tested 38.2% fib level but is still closed below the fibonacci level. It has given a bullish engulfing candle after testing the low of 42400 it has given close above 43k level. Chance are of testing the 200 ema on the daily front. On the hourly charts, the market has closed between both the moving averages and is around the resistance level of...
Banknifty analysis for Ist Novemeber 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 CAN SEE THAT BANKNIFTY HAS TAKEN GOOD SUPPORT FROM CHANNEL BOTTOM i.e 42088, REMEMBER ONE SHOULD FOLLOW THE TREND BUT SHOULDN'T GET BIAS WITH THE DIRECTION. ADDING MY ANALYSIS LEVELS FOR 31 OCT,23 BELOW FOR NIFTY FUTURES: LONG PLAN >>>>> 🐂 - 43488 (I WILL WAIT FOR THE 5 MIN CANDLE TO CLOSE ABOVE THIS LEVEL) - R1: 43800 - R2: 44055 - R3: 44355 SHORT PLAN...