Hello Traders, Welcome to SriTrader5121 BankNifty-20/09/2022-Levels Markets looks like open as a GAP-UP. If open as a GAP-UP and moves to UP-Side then BUY with the Support of R@3 and SELL with the Rejection of PDH. (or) If market open as a GAP-UP and moves to DOWN-Side then BUY with the Support of S@2 and SELL with the Rejection of S@1.
Please refer my related idea where the first upper target 41200 has been touched and profits booking rest of the day. A morning momentum was slowly eaten by profit bookings but market has retested the channel. Seems like flag pattern in 30 minutes also inverse head and shoulder yet to complete in 15 minutes. I am currently with bullish mindset as it might touch...
Bank nifty opened (40685) right at the support level (40689) made an aggressive move down to 40509 which happened to be the swing low of last working day. For a moment i thought bank nifty is breaking down - but it didnt & the support held quite strong. The 4th candle was a pretty strong one and pulled the BN up. However bank nifty did not have enough steam to...
Banknifty has formed another doji on the daily time frame. The market after the initial push has consolidated. It is respecting a trend line and a flag and pole pattern is formed on the hourly time frame, On 15 minute time frame, banknifty traded around its 20 ema and closed around it. support :- 40850, 40660 Resistance :- 41000, 41180 The market remained...
bank nifty on the daily chart is bullish but in the last two sessions, it's seen selling pressure due to the global market. In a shorter time frame, it forms the bearish structure on the chart but waits for trend reversal confirmation. all-important levels are marked on the chart.
Banknifty on the weekly time frame has formed a double top pattern and a spinning top doji candle. The market has closed 400 points lower after forming a new ATH. on the hourly time frame, banknifty has closed below its 20 ema and 41000 levels. Still the banking index seems to be strong as compare to the nifty index. Banknifty has given a nice recovery in the...
Here are the levels of #banknifty Strictly follow levels, BUY only above If It close a 15min candle above previous day high. Otherwise prefer option selling or hedging still If you want to buy option then just go for monthly expiry one. Can sell a call of 41000 CE and targets are according to our given levels. . . {I am not SEBI registered analyst, Please consult...
Bank nifty opened gap down at 40977 tried to close the gap till 9.35 but broke down, made an interim low at 10.00 and then tried to close the gap again till 12.35 but failed. The price action from 12.40 to 14.20 was the only realistic move made by bank nifty this week. Imagine when the global set up is very poor and our Nifty50 major index is showing lack of...
Please find the related idea to this where I mentioned downside it touched 40800 and went even below but closed at 40800. Important channel has broken today but market closed near to it. It could be retest can go further down thus reversal might also begin if it breaches 39700. However we shouldn’t predict one side of the market. On upper side 41200 will be...
Today will be gap down opening in banknifty . After opening if banknifty sustain above 41050 level then possible upside rally upto 41450+ level in today's session. Reversal is 41450 this level and this can be extend for downside upto 40550 in case banknifty starts trading below 40950 level.
Wednesday we saw index closed above 41300 which was a resistance previously but on Thursday it failed to hold the level and prices rejected from higher level. Till we are holding below 41300 its a sell on rise. Some retracement is possible on this index. Expecting correction till 39900 level.
Hello Traders, Welcome to SriTrader5121 BankNifty-16/09/2022-Levels _______________________ Happy Learning and Trading Rules to fallow... 1) Trade with Strict Stop Loss. 2) Trade with Small Quantity. 3) Take entries based on Support & Resistance Levels. Please take the trade according to the levels marked, with Risk-Reward. This is not a Buy or...
this technical analysis is only for Educational purpose only, Do your investment with responsibility and Financial Advisor..
Bank nifty opened 41533 gap up today, made an intraday high in the 3rd candle and then fell to the support line at 41312. Most importantly this support line proved to be quite a fight with swings up and down - and final close at 41208. The opening swing would have taken out most of them by surprise, few of the weak CE writers would have squared off thinking the...
We saw gap up today and good up momentum for first 15-20 minutes. Sell triggered as soon as market touches all time high till 41200. 41200 is a good support at 15 minutes timeframe. Seems like flag is forming and breakout can lead to all time high again or new high. On opposite side a good channel support at 40800 is available in 1 hour timeframe. I feel like...
Banknifty has touched is ATH but couldn't sustain the level. Banknifty is still strong as compare to nifty. It has given a red candle but lost only 200 points on day closing. It is trading above its 20 ema on hourly time frame and taking support around 41200 levels. On 15 minute time frame, the market has closed below its 20 ema. Banknifty has given a down side...
Hello Traders, Welcome to SriTrader5121 BankNifty-15/09/2022-Levels Possibility 1: If market open as a FLAT and moves to UP-SIDE then BUY with the Support of PDH and SELL with the Rejection of PDH. (or) If market open as a FLAT and moves to DOWN-Side then BUY with the Support of S@1 and SELL with the Rejection of S@1. Possibility 2: If market open as a...
NSE:BANKNIFTY1! 📊 Each levels Act as support and resistance 📈📉. One can trade on 3min, 5min and 15 min as per their trade set up. For reference, one can check our old published ideas. If any candle taking support from any level then try to identify that is that reversal candle at support or what if that is reversal candle then go long above that reversal candle...