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Bankniftyshort

Bank Nifty starting a Trend Reversal?? - Weekly chartsBank nifty has broken the dow theory concept of Higher low and Higher high in weekly charts. As per dow theory trend changes when the last higher low is broken, so we can clearly see a trend reversal in Bank nifty. The last Higher low was - 26560, so if the BnF close below this by end of this week. Then we can expect trend changing. Also two key Moving averages are very close - 50 EMA is broken which was a good support for BnF and 100 EMA is also very close. If this is broken a huge downfall is expect between 5k to 7k points.
NSE:BANKNIFTYLong
by altinvest
1
Bank Nifty: Demand and Supply Zones for Intraday TradeHello, As I have mentioned in my Bank Nifty Weekly post, Bank Nifty chart is stronger than Nifty. 1st Major Supply Zone @ 31375-31475 1st Demand Zone @ 30900-31050 2nd Strong Demand Zone @ 30600-30660 Neckline @ 30500 I am not expecting tomorrow BNF will sustain above its first supply zone. If it will sustain then I will plan for a long trade. On the downside, there are two demand zones. On Monday if the bank nifty will open negative then I will watch the 1st demand zone. If it will sustain below 31050-30900 then I will plan for a short trade. Trade Well
NSE:BANKNIFTYEducation
by Swapilchoksi
BANK NIFTY: My Trading PlanHello, Bank Nifty may be stronger then Nifty in coming days. Major Supply Zones @ 31530 and 31750 Minor Demand Zone @ 31070-31150 Let's see on Monday weather it will hold it's minor demand zone or not. If it will manage to hold this level then this demand zone will get more stronger. Option Writing will be the best strategy instead of Future trading because there are multiple demand zones on the down side and supply zones on the upside. I will update this post during the Intraday. Trade Well.
NSE:BANKNIFTYEducation
by Swapilchoksi
New Update in Bank NiftyAs I mentioned my yesterday post that, I will sell BNF 31300-350 zone or 31450-550 zone or sustain below 30900 but today trading range was narrow and near minor support zone. So today was a trade free day for me in BNF. Today One thing changed that it has broke its previous bottom @ 30900 and mane a new low @ 30862. Now very strong support zone @ 30500 on daily as well as weekly. There is a gap @ 30800-30860. So in coming day BNF will fill this gap. My scene is that in higher time frem BNF is in oversold position so may be it will be sideways or sideways to positive for sometime but remember bhav bhagwan che. My Trading Plan: If it will sustain below 30900 then I will take a short position I will take a short position if it will test 31300-350 or 31450-550 and not able to sustain above this zone. Thank x Tread Well.
NSE:BANKNIFTYEducation
by Swapilchoksi
5