Hope you enjoyed the trending day and got very sharp entries with max R:R as per my zones. Keep following the zones and levels to get best reward at least risk.
BANK NIFTY as per my previous post for 26.08.2022 mentioned that there had been no aggressive buy or sell by both FII and DII. Similarly today was an highly volatile day where from 12.15 to 3.30 pm there had been no big movement on the either side. FII Net Selling was at 51.12 Crores and DII Net Buying was at 453.59 Crores. Being mostly a sideways day on...
Guys today onwards i will be posting charts of SPOT instead of FUTURES. As maximum of my followers are demanding it to plot the zones and levels on SPOT, which makes them easy to trade all instruments, as due to Cost of Carry difference between SPOT & FUTURES, they are unable to follow the level on charts.
BANK NIFTY as per 15 Min chart Below Follows my observation Though it was a good sell from 2.00 pm onwards from 39437 to 38848. As far as FII Net Buying was at 369.06 Crores and DII Net Selling was at 334.31. So there was no big buying or selling even though there was a good sell off. Above 38945 then Resistance at 39022 / 39112 / 39217 / 39276 / 39346 /...
BANK NIFTY had posted previously for 25.08.2022. Above 39187 and Resistance at 39298/39398/39442. Today we can witness market weakness which i had mentioned too for 25.08.2022. And the levels are broken it had taken support of each trend line for the next fall. For 26.08.2022 will post you price action chart. And i believe the Bank nifty charts which iam...
Bank Nifty opened below my zone and remained whole day between my two zones and ended finally under the zone which it opened. it is still in the channel. I hope for small correction yet before bank nifty gives a big up side break out. Keep trading around the zones and levels.
BNF started from the uptrending channel and stopped exaclty in the zone just near the trendline level given, consolidated there and broke after 90 minutes to form a new high. BNF has given a good closing above previous 124 days high. It has strong resistace above and nees good momentum to break them, which it is already gathering by consolidating on my zones,...
Today 05 August 2022, Bank Nifty started from just below the channel crossed it went to the zone of 38270-38132, got rejected from there, broke back the channel and ended below it. Simplly the Power of Zones, hope you loved it. No Major changes for 08 August 2022, Monday, Just the shift of 2 zones and channel. Keep ur money and risk management in control and...
Bank Nifty has already slowed down its momentum as compared to Nifty as there a lot of supply zones above. It will remain slower than Nifty if it continues upper trend yet. Some day may be an exception. See how BNF respects my zones and levels, hence please take the help of my zones and levels to trade and take SL and TP. Best of Luck.
Bank Nifty is near the upper end of an up trending channel, It did not show any bullish momentum today like Nifty, hence can show a bullish momentum tomorrow. Kindly Follow the levels and zones when u trade.
Did you observe how bank nifty palyed out around the zones. It consolidated a lot around the long term trendline, which is good for up trend strength. Keep following the levels and trade.
BANK NIFTY - 15min chart price action levels for intraday trading at 1.02 pm
Bank Nifty Trade Plan for 01 DEC 2021 Bank Nifty looking weaker and closed below the next day CPR levels. Any gap up opening or flat opening, we will look for possible opportunity to sell on CPR rejection or closing price getting compromised on lower side and sit for possible lower targets as plotted on the chart. Expecting market to be in a range rather then...
Hello Everyone, I have tried my best to explain, How to trade Dragonfly Candlestick pattern ? Here, most imp point to consider is the Confirmation Candle ... why? 1. Market opened Gap down and was in the down trend, which broke the major Support level of 35000. 2. Now, this broken Support level would act as Resistance Level when market tries to reverse taking...
What Is a Double Top? A double top is an extremely bearish technical reversal pattern that forms after an asset reaches a high price two consecutive times with a moderate decline between the two highs. Or in simple words... A double top is a bearish technical reversal pattern It is confirmed once the asset's (Banknifty's) price falls below a support level equal...
Hello Everyone, I have tried my by best to explain, How to take trade based on Bearish CandelStick (Hanging Man) formation in Banknifty . If still you are not clear, put your queries into comment section or Correct e if i am wrong. This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market. I...
Hello Traders, Hope you all are fit and fine ... Stay Safe and Trade safe...! As predicted yesterday, BnkNifty Opened Gap Down ... Today...😎 Resistance Level : 1. Strongest Resistance exists at 35500. 2. Next Strong Resistance at 35800. 3. Stronger Resistance at 36000. 4. Good Resistance has developing at levels from 35500 to 35800. Support Level : 1. 35000...