Today will be gap up opening in banknifty. After opening if banknifty started trading above 36050 level then expected further 400-500+ points upside movement. Downside fall possible if it trading below 35950 level.
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Bank Nifty trade analysis and level targets
BUY Above 336101 if the level breaks and hold it then enter
for targets 1 (36357),...
BankNifty opened with a minor gap-up and after consolidation, broke its previous resistance 35820 which was also our buy level, and gave a good up-move. We bought 35900 PE in the morning which gave profit, in the afternoon we bought 36000 CE around 25 which went to 45-46 level and we booked good profit in that too. Overall it's was a good day.
For tomorrow, if...
As analyzed it was a volatile day, BankNifty opened with a minor gap-down and came towards 35500 levels, it formed the same pattern as yesterday and was not breaking the morning low. We bought 35400 CE at 265 and added more at 230-220 levels that gave good profit. In the second half, we bought 35800 and 35900 PE and both gave great profit.
For tomorrow, if...
Today will b slightly gap down opening in banknifty. After opening it will take support at 35550 level and more chances reversal from this level and continue it upside rally upto 35950+ level. Strong downside of 400-500+ points possible if banknifty started trading below 35450 level.
BankNifty opened with a big-gapup and faced resistance at 35500 zones, we bought 35500 PE at 225 which gave good profit. It didn't break the morning low and we saw good up-move once it broke the 35500 zones. If BankNifty breaks the 35820-35850 zone we may again see a good rally.
Expectations for Tomorrow: Volatile day.
Intraday Levels:
Buy Above 35820
Sell Below...
Bank Nifty is looking quite bullish as Nifty 50 is also bullish but one thing that you should remember is that the Bank Nifty is considerably weak then Nifty 50. So you can expect a bullish view tomorrow. A gap up is expected because
1. There can be a break out due to ascending chart pattern that I analyzed in previous analysis. So keep an eye out their.
2. After...
* 35800 Level acted as Resistance level previously if price sustain above 35800 level chances of up move upto 36000-36500
* If market face Resistance @35800 level then 35500-35300 levels will act as support.
>> Always Enter With good confirmation & Maintain proper Risk Reward.
******* Knowledge Purpose only ********
>> Visit My Ideas Page for Daily Stock...
Today expected strong gap up opening of 200-300+ points. After opening banknifty face resistance level at 35450 level. In case it gives breakout of this level and started trading above 35550 then possible further upside movement of 400-500+ points in banknifty. For today's session 35050 will act as an important downside support.
>> Always Enter With good confirmation & Maintain proper Risk Reward.
******* Knowledge Purpose only ********
>> Visit My Ideas Page for Daily Stock Analysis & check my previous stock analysis how accurate they are for Swing and Intraday Trades.
BankNifty opened with a gap-up and faced resistance near 35400 zones as analyzed yesterday. BankNifty is showing weakness in this zone and if we break 35000 zones tomorrow, we may see sharp selling.
Expectations for Tomorrow: Volatile day.
Intraday Levels:
Buy Above 35210
Sell Below 34980
To motivate me, Please like the idea If you agree with the...
Today will be gap up opening in banknifty. After opening if banknifty sustain above 35050 level then possible upside movement upto 35450+ level. Strong downside possible if it is started trading below 34950 level.
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