Bank Nifty on 14 June 2022 Opened gap down and halted at 33285-33160 demand zone, could not break it but got a good demand from there and gave a failed breakout at my level of 33606, came back to the demand zone of 33285-33160 and consolidated to close. Tomorrow on 15 June 2022 Watch the channels and levels, take a confirmation from the candles forming during...
Banknifty on day to day closing is only 90 points down and has formed a hanging man candle. Both the indices consolidated in a range and gave a flat closing. Market on 15 minute time frame closed near its 20 ema. Still not sustaining above the levels Support:- 33210, 33000 Resistance:- 33580, 34000 Markets can remain bearish and volatile for tomorrow. Wait...
Today will be gap down opening in banknifty. After opening expected further fall upto 33050 level and this can be extend for 400-500 points in case banknifty starts trading below 32950 level. 33050 level will act as a support for today session. Any reversal chances only in case banknifty sustain at this support level.
Hi Good Evening, Today on 13th June 2022, Bank Nifty had to give a gap down to breach our down trending channel and 2 demand zones. Then it formed a high momentum first candle to break the demand zone of 33600-33522. Further went down got demand from the next demand zone at 33210, came up and ended near the previous demand zone 33464. This is the power of strong...
Banknifty on day to day closing, closed 1000+ points down and is trading below its 200 DMA. The market in the last hour recovered some points but still trading in a range. Market on 15 minute time frame closed near its 20 ema. Still no clear indication of a up move in near future. Support:- 33210, 33000 Resistance:- 33580, 33750, 34000 Markets can remain...
Today will be gap down opening in banknifty. Expected opening near 34000 level. After opening if banknifty starts trading below 33950 level then expected further downside of 400-500 points. Positive side only expected above 34550 level.
BankNifty opened with a gap-down around 34752, we saw selling since morning which brought BN near to 34350 and we saw approx 180 points bounce from that level. Tomorrow if BankNifty sustains below 34000, we can expect a further down-move. Expectations for Tomorrow: Volatile day. Intraday Levels: Buy Above 34500 Sell Below 34000 To motivate us, Please like the...
Bank Nifty has formed a nice bearish candle on a weekly time frame after testing its 0.5 fib level and 20 ema. The market has closed below its important level of 34500 and looks bearish on multiple time frame. A bearish moving average cross over and closing below its important moving averages the market is set to go further down. Even the global markets are...
BNF started dropping from my zone around 34850 and ended exactly in my zone around 34450, hope u got a good short oppurtunity. Monday the sentiments may be quite negative due to dow and nasdaq fall today. Kindly be cautious these days.
banknifty trade setup for today. If banknifty break the the then can make one small short position with sl of 40-45points and target of 70-100 points .
Today will be gap down opening in banknifty. After opening if it's starts trading below 34950 level then expected further downside upto 34550 level. For today's session 34550 will act as an important downside resistance. Upside rally only possible if banknifty sustain above 35050 level.
BankNifty opened with a gap-down around 34810, we saw selling in the morning which brought BN near to 34670 and that acted as support for the day. We saw a good recovery in the last hour and BankNifty was able to close above 35000. Tomorrow if BankNifty sustains above 35200, we can expect a further up-move. Expectations for Tomorrow: Volatile day. Intraday...
Hi hope you earned from my zones. Today Bank Nifty exactly took support at 34818-34743 zone for 1.15 hours and then formed an bullish engulfing candle to move upwards, but my uptrending channel didnot allow it to escape up freely. Finally it broke the channel after struggling with it for 4 hours and took a bull run. Power of #TECHNICALANALYSIS Best of Luck for tomorrow.
Friends, I am sharing some observations on Bank nifty. As I have marked in the daily chart, price is making a similar retracement pattern. Every time price gets rejection at 50% then gives a mark up to the new high. Expecting the same to follow here too. As well as, it is forming a double bottom pattern in daily chart and the possible neck level would be the...
Please have a look into the chart to get all details, I have tried to draw everything as much i found according to my study. This Analysis has Based on Harmonic pattern, Fibo-retracement & Price action. Note:- Any of the mentioned levels will be considered for LONG or SHORT, when a fresh candle starts forming above or below the level respectively. If agree...
Today will be gap down opening in banknifty. After opening expected further downside upto 34550 level and this can be extend upto 400-500 points in case banknifty starts trading below 34450 level. Upside rally only expected in case banknifty sustain above 35050 level.
BankNifty opened with a gap-down around 35125 and after some consolidation, we saw a breakdown which brought BankNifty towards 34830 zones but due to choppy moves, there was not much opportunity for Option Buyers. Tomorrow if BankNifty sustains below 34800, we can expect a further down-move. Expectations for Tomorrow: Volatile day. Intraday Levels: Buy Above...
Banknifty has formed a bearish engulfing candle on a daily time frame and broke down the crucial level of 35000. There is a bearish moving averages cross over on hourly time frame. The market in the last hour consolidated and the market can remain bearish for next trading session. Support:- 34800, 34550 Resistance:- 35000, 35200 Wait for the price action near...