Banknifty Spot - 25.03.2022
The Index is trading @ 35410 levels
The prices are below EMA
There is a DARK CLOUD COVER in Weekly Charts
The Index is taking a SUPPORT @ 35200 levels
Watch out for the price action
RESISTANCE : 35700/- 36050/- 36300/-
SUPPORT: 35080/- 34800/- 34555/-
Bank nifty after a good gap up has been in bear trend.
For last 2 trading days, bank nifty fell about 1100-1200 points.
Market may consolidate of fall further as the trend has been bearish. We may trade in the second half of the day after a consolidation.
BANKNIFTY Intraday Trade Setup For 25 Mar 2022
Buy-Above 35720
Sl-35600
T-36000 36285
Sell-Below 35400
Sl-35500
T-35150 35000
BANKNIFTY has closed 1.7% in red on Thursday. It opened with a big gap down and showed all kinds of moves on this expiry. It was volatile since morning. All pre analysis became invalid due to gap down. 10o'clock range broke upside but...
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How to Plan for #Expiry Intraday Trading in #BankNifty ? #Thursday
Our levels are based on support and resistance levels.
Pivot point is given.
In uptrend market, u should wait for the candle to break and close above the Bullish breakout level given by us. Then, you can go for a Long. You can wait for Target 1 and...
BANKNIFTY Intraday Trade Setup For 24 Mar 2022
Buy-Above 36400
Sl-36300
T-36680 36800 37000
Sell-Below 36000
Sl-36100
T-35800 35660 35400
BANKNIFTY has closed in 200 points in red. We planned to buy above 36620 but index opened with a decent gap up. So it was invalid. We planned to trade the 10 o'clock range breakout/down in case a gap up/down. Range was broken...
As we saw BNF given a good movement in Down-side in first half in Yesterday session. After that it stuck in a range.
There should be a break-down of the same range by Gap-up or Gap-down in tomorrow session opening.
Rest of all, Everything has mentioned on the chart, please have a look.
# All will be same, But There is a condition If BNF opens above 36290 than...
In Last two sessions, we saw that BNF taken a gap-up and stuck in a range of 150-200 points. And it becomes difficult to trade in this situation.
In tomorrow session, there can be a gap-up opening. if price opens above the Resistance zone-1 than can go for up-side Targets. but it will be only possible with a strong momentum. Most chances are indicating towards...
As we seen in today's session BNF just roaming in a 200-250 points range. In tomorrow session, BNF can come out from sideways trend and do a good Up-side rally as expected.
Up-side movement will only be possible if price break the resistance zone and start trading above the same. Otherwise it would be less difficult to go in a down-trend for BNF.
Read the chart...
BankNifty trading around a Resistance zone. Price broke it but couldn't sustained and fall-down quickly in yesterday session.
For tomorrow as global market has taken a good bounce, it seems that BNF can open with a big Gap-up. but the Up-trend will only be confirmed if price crossed & sustained above the resistance zone.
Both side levels and Targets are mentioned...
Here i am sharing my analysis of BNF that is all Based on Harmonic pattern , Fibo Ratios & Price action. This chart will be Valid till Current weekly expiry.
Tomorrow if BNF opens Gap-Down break the support then Down-trend will be initiated. update further if found necessary.
Everything has mentioned on the chart, Have a look once and if found helpful then LIKE please.
Up-side Movement; -
BNF trading around a important level @35400. will Up-side movement sustain or not all depend on this level.
if Price crossed & closed in 15 minutes timeFrame. then can go for Target 1.
As can be see Target 1 is in a Resistance zone. So, price may reverse from there. , if crossed then will achieve Target 2 & Target 3 too.
Down-Side...
Bank Nifty Trade Setup for 15 MAR 2022
BN having a higher value relationship hence the Bearish Reversal zone & R1 is quite strong.
Bullish reversal zone is a strong support for tomorrow. In case of a support confirmation at Buillish reversal we can expect BN to take out PDH & higher .
Break down of CPR we can expect lower targets.
BNF trading near a Support Zone, less room for down-movement. According to study, it can go for a good up-side move.
The Support zone will be a confirmation for both buying & shorting. if Price crossed and close to any side then that side trade will be consider activated.
The Possible Targets are clearly mentioned on the chart for Both side. Always keep 20-25...
I had made this Chart around 2.30pm. yesterday. but got lil late to post coz of fast movement.
As we can see on the chart that a Pullback has already started. Now Here the question is that, This up-move will continue till which level ?
So, i study and found some possible levels of BNF's movement for tomorrow session. see the chart for Targets as well as Support &...
