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BankNifty-31/10/2022-Levels
IMPORTENT ZONE FOR THE DAY : 41087 - 41236
Possibilities of Today market open...
Possibility : GAP-UP
Most of the Global markets are closed in green so our markets also open in green with average 170 points in #nifty and 380 points in...
Levels:
Support: 40975, 40800, 40650, 40425
Resistance: 41350, 41450, 41550, 41650, 42000 (the green color channel in 30m chart)
OI Data:
Bank Nifty => Price: 40990.85
ATM: 41000 , ITM: 40900, 40800, 40700 , OTM: 41100, 41200, 41300
Highest OI Call in Bank Nifty per OI data: 41500
Highest OI Put in Bank Nifty per IO data: 40000
Nearest Major...
Hello Traders,
This chart will show you the pin points levels for support and resistance . Below you can get pin point predictions that will make your trading easy.
Expectations for Today: Volatile day.
Intraday Levels:
Buy Above - 41530
Sell Below - 41000
To motivate us, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
Bank nifty opened at 41236 below the resistance level of 41312 & made a real green bullish candle. A move of 206pts in the first 5mts itself. This did not last and the gain was given up by 09.50 wherein the support level was broken conclusively.
There was a test at this SR level, price action from 09.55 to 10.15 — but the selling proved quite strong. And what we...
clear indication in 15 minute time frame chart.
resistance-41350\41500\41800
support-41150\41000\40800
nothing to loose follow simple trend.
#banknifty call above 41500 tgt-41700\41900
#banknifty put below 41000 tgt-40900\40000
now for short = neutral open #banknifty
41350 buy call banknifty for tgt-41500\41700.
41150 buy put banknifty for tgt...
Today will be a gap up opening in BANKNIFTY. Expected opening near 41550 Level. After opening if banknifty sustain above this level then possible upside rally of 400-500 points upto 41950 level. Any Major downside only expected in case banknifty starts trading below 41450 level.
Banknifty on the daily time frame has given an inside candle and after the gap up there was a sell off.
Even on the expiry day, banknifty consolidated in the second half of the trading session.
The market has tested the 41350 level many times and has closed above 41300 level and 20 ema on 15 minute time frame.
November session has begun and till now in October...
I will be slightly modifying the daily postmortem journal to include 5 major sections
1. Price action of bank nifty index
2. Price action of the 6 major components in bank nifty
3. The option strategy that would have worked today
4. Comparison of BankNifty vs SPX (S&P500 US index)
5. 15mts & 1hr TF of Bank nifty to view the broader trend
Bank nifty opened gap up...
another hit day plz like,boost to appreciate our ideas==
#banknifty call above 41500 tgt-41700\41900
#banknifty put below 40800 tgt-40600\40000
gap up open than buy
banknifty put below 41400 tgt-41200
clear setup
buy 'put' on rise
Today will be a gap up opening in BANKNIFTY. Expected opening near 41450 Level. After opening if banknifty sustain below this level then possible downside upto 41050 level. And possible reversal of 400-500 points from 41050 level. And this rally can extend for another 400 points if it gives breakout of 41550 level. Any Major downside only expected in case...
BANKNIFTY next move will be down side , price facing resistance in hourly candle stick also conformed
Resistance : 41834 - 41521 ZONE
Support : 39646 trend line support if t breaks goes down next level 39376 for this week levels,
Before entering trade do your own analysis
Banknifty on the daily time frame has given a nice bearish engulfing candle, filling the gap created during muhurat trading.
Market has given a nice up move during the last week and is taking a pause for another move.
Index has seen a sell off from the initial hour and tried to regain some points. During the last trading hour the market fell around 300...
Banknifty opened gap up at 41513 much above the final resistance level of 41312. The first candle was a huge bearish one with its close breaking the support level. I seriously expected the further candles also to be bearish as the tone set was bearish.
But what followed was quick recovery ie from 09.20 to 10.05, the reason i said recovery was because there was no...
We r in Strong Uptrend...and Profit Booking slowed down the momentum causing the premium eating .... Still there is room for Bank Nifty to make new High....Let See
Play With SL
:)
Today will be a slightly gap down opening in BANKNIFTY. Expected opening near 41050 Level. After opening if banknifty sustain above this level then possible upside rally of 400-500 points upto 41450 level. And this rally can extend for another 400 points if it gives breakout of 41550 level. Any Major downside only expected in case banknifty starts trading below...
We just had a 1hr of trade today - Muhurat Trading as part of Diwali 2022 ie from 18.15 to 19.15.
Bank nifty opened gap up at 41348 just above the resistance level of 41312 made a confusing kinda kindle the first 5mts. The wicks were very long as well as the body - so the momentum was hard to guess.
For the next 10 candles BN traded just below the resistance...
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