Banknifty has given a nice fall of 2% in just 2 trading session and closed below the round fingure of 43k. Today, it recover for the imbalance in the markets and gave a fall of 200 points in two candle followed by a 300 coming from a single candle that took out the support levels. On the hourly chart, market has given a good fall and consolidated in the second...
AS WE CAN SEE THAT THE MARKET IS IN A DOWNTREND, ONE SHOULD FOLLOW THE TREND BUT SHOULDN'T GET BIAS WITH THE DIRECTION. ADDING MY ANALYSIS LEVELS FOR 25 OCT,23 BELOW FOR BANK NIFTY FUTURES: LONG PLAN >>>>> 🐂 - 43299 (I WILL WAIT FOR THE 5 MIN CANDLE TO CLOSE ABOVE THIS LEVEL) - R1: 43444 - R2: 43577 - R3: 43699 SHORT PLAN >>>>> 🐻 - 42966 (I WILL WAIT FOR...
Banknifty has given a nice trending move after forming a bearish flag and pole pattern in the market. It has closed 570 points lower with major fall in a single hour candle of 14:15. Market continued to hold the previous day low and the support zone around it but in the second half the market started trading below the previous swing low of 43600 finally touch...
Banknifty analysis for 25th October 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 has crossed the previous week low and closed losing 560 points lower on the weekly charts. It has closed below the 20 ema of weekly charts which signifies some negativity in the market. The market now has a support level around 43400 as it has started trading below the previous low formed by banknifty. On the daily charts, the market has form an...
BankNifty Analysis The greatest surprise of today came from BankNifty. A perfect flat closing today. I was hoping for a 400+ pts fall today considering how the global indices ended the trade yesterday, also how the US banks were tanking. The resilience Indian banks showed today deserves special mention. If you look at the price action today, we went green by...
BankNifty Expiry Analysis Between the last expiry and today, BankNifty lost 630pts and almost 82% of that came today. Interestingly the stable support level of 44068 is now breached. Remember we went below this level on 31-Aug, 04-Oct and 09-Oct and we managed to climb back every time. Will it be different this time? BankNifty Today Analysis The leader during...
After many weekly expiry this expiry was the one which was in favour of the option buyers. Banknifty has closed 520 points lower moving the market more then 1% down. It was struggling to sustain above 20 ema and today being the weekly expiry it gave a nice move in the first half and consolidated in the second. On the hourly charts, the market took resistance...
Banknifty analysis for 19th October 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...
1. ** Previous Market Levels: ** You mentioned that there was an exact rejection from resistance levels, and the market found support at 44371. This suggests that 44371 is an important level to watch. 2. ** Support Levels for Tomorrow (18/10/23):** - 44371 - 44200 - 44120 3. **Resistance Levels for Tomorrow (in the upside):** - 44371 (which was...
Banknifty analysis for 18th October 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 on the daily time frame has given a red candle after a gap up opening and closing 180 points higher. It opened above the 20 ema but couldn't sustain above the level and closed below the level and constantly faced resistance from 44500 level. On the hourly charts, banknifty traded between both the moving averages, taking resistance from the 200 ema and...
BankNifty is under performing Nifty from last a few trading sessions but if sustains above 44310 we expect to see some up move. On the other side sustaining below 44050 will add more weakness. Expectations: Volatile Day Intraday Levels: Buy Above - 44310 Sell Below - 44050 To motivate us, Please like the idea If you agree with the analysis. Happy...
Banknifty is still trading below the 20 ema and has formed another doji candle at the day close. It has given a nice move both side. In the opening it tested the lower levels and also tested the higher levels. On the hourly charts, the market tested the 20 ema, facing resistance from the levels and closed almost flat. Ongoing market is for the option seller...
Buy BN CE above 44350 Buy BN PE below 44200 44200-44350 is a range bond for trap trader Target will be 150-200 point, with in range of 45 Min max, rest exit from the trade otherwise premium will start go down
BankNifty important levels to watch are as follows #Support: 44050 Sell below: 44050 only on 15 minute candle closure below the level. Target 1: 43940 Target 2: 43760 #Resistance: 44220 Buy Above: 44220 only on 15 minute candle closure Above the level. Target 1: 44340 Target 2: 44515 => # Remember each level will act as a support and resistance...
BankNifty is under performing Nifty from last a few trading sessions but if sustains above 44380 we expect to see some up move. On the other side sustaining below 44200 will add more weakness. Expectations: Volatile Day Intraday Levels: Buy Above - 44380 Sell Below - 44200 To motivate us, Please like the idea If you agree with the analysis. Happy...
Good Morning Everyone, Trends on Gift Nifty indicaties a flat to positive start in indian market. The market was under selling pressure on Friday as IT heavyweights continued to trade lower on concern over demand outlook and a slide in the banking stocks worsened the sentiment. That was the reason Banknifty have shown sharp declined (-311 points) in last one hour...