View for BANK NIFTY on 31-05-2021Do not trade in between 35222 - 34965
Buy Above 35250 for the Targets marked on Chart
Sell below 34960 for the Targets marked on Chart
Take Entries when Market sustains above / below our levels
Avoid entries , if there is a Huge Gap Up / Gap Down
Take Entries as per Price Action
** Only for Educational Purposes
( As you all can see our daily Analysis , Bank Nifty is respecting all our analysis with treadlines and Support & Resistance Lines )
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Bankniftyshort
BANK NIFTY ANALYSIS FOR 26-05-21Do not trade in between 35000 - 34400
Buy Above 35000 for the Targets marked on Chart
Sell below 34400 for the Targets marked on Chart
Take Entries when Market sustains above / below our levels
Avoid entries , if there is a Huge Gap Up / Gap Down
Take Entries as per Price Action
** Only for Educational Purposes
( As you all can see our daily Analysis , Bank Nifty is respecting all our analysis with treadlines and Support & Resistance Lines )
PLEASE DO LIKE , COMMENT OUR POSTS .
BANK NIFTY ANALYSIS FOR 25-05-21Do not trade in between 35180 - 34680
Buy Above 35180 for the Targets marked on Chart
Sell below 34680 for the Targets marked on Chart
Take Entries when Market sustains above / below our levels
Avoid entries , if there is a Huge Gap Up / Gap Down
Take Entries as per Price Action
** Only for Educational Purposes
( As you all can see our daily Analysis , Bank Nifty is respecting all our analysis with treadlines and Support & Resistance Lines )
PLEASE DO LIKE , COMMENT OUR POSTS .
BankNifty 20/5/2021 Expiry SpecialHello Everyone,
Hope you all are fit and fine ... Stay Safe and Trade safe...!
As predicted market was sideways between 33900 and 33700.
BankNifty to Open Gap Down .... Tomorrow.
Resistance Level :
1. 34000 to 34500 is next level of Resistance developing.
2. 34000 is strongest Resistance level .
Support Level :
1. 33500 is next Support level .
2. 33000 is next Support level.
Sideways Possibility :
More chances sideways market if sustains above 33500.
Trend Line :
Buy Above 33600 and above Trend Line
Sell below 33500 and below trend line.
Most Important :
BnkNifty is in Down Trend as indicated by Indicator forming LL and LH.
BnkNifty will try to fill the Gap created yesterday.
In morning first 1 hrs you can see the selling pressure to fill the Gap. It will hault around 33500 as being the Strong Support.
If this level is broken with large volume then a good down fall can be seen till 33000.
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Banknifty could take pull back here- Read moreHello Traders!
> SGX Nifty indicating negative start for the market.
> ASIA broadly in mild red.
> Both FII & DII have got in cash
> FII Long in index future
> Max pain @ 33500. strong
> OI Support @ 33k & resistance @ 34K for the week
> US & Europe in selling pressure
> Sell @ high's will be more beneficial. Trade safely & Responsibly.
> Try not to loose 2rs to earn 1.
Tip provided for educational purpose.
BANK NIFTY Weekly (Forecast - MAY)Bank Nifty Forecast from May 17 to May 24:
Price Action Losing Momentum
ADX Shows a RANGING PERIOD.
Stochastic RSI Show a +ve reading.
My own developed indicator shows a -ve position this week.
Overall Strength RED this week (-VE) {PUT OPTION NSE:BANKNIFTY }
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BANK NIFTY AnalysisBank Nifty Analysis for (May 19, 2021):
Overall the Market has ended in Ranging Type today(May 18)
ADX Shows a Reading above 25. (+ve)
Stochastic RSI shows a Reading as (-ve)
My Own Developed Indicator recommends to PUT Option (-ve)
Overall Strength on Tomorrow (RED NSE:BANKNIFTY ) {PUT OPTION}
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BankNifty 12/05/2021 Expiry Special Hello Everyone,
Hope you all are fit and fine ... Stay Safe and Trade safe...!
Tomorrow is expiry for the week as Thursday is a Holiday..!
BankNifty to Open Gap Down ...!
Resistance Level :
1. 32900 to 33000 is Strong level of Resistance, of which 33000 is strong level.
2. 33500 is other strongest Resistance level , there is decent resistance level developing from 33250 to 33500.
Support Level :
1. 32800 is next Support level .
2. If there is huge Gap Down and 32800 to 32700 level is broken then, 32500 is Strong Support level below.
Sideways Possibility :
Considering the Resistance at 33000 and Support at 32500, more chances of sideways market can be seen.
Premium eating day .. Call buyers just be careful.
Note : Don't take a trade for first 15 min, let the market make the move and then trade. For Scalpers no suggestion.
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BankNifty 14/05/2021Hope you all are fit and fine ... Stay Safe and Trade safe...!
BankNifty to Open Gap Down ...!
Resistance Level :
1. 32600 to 32700 is Strong level of Resistance, of which 32700 is strong level.
2. 33000 is other strongest Resistance level.
Support Level :
1. 32300 to 32400 next Support level .
2. If there is huge Gap Down and 32400 to 32300 level is broken then, 32000 is Strong Support level below.
Sideways Possibility :
Less chance odf sideways market.
Trend Line:
Buy Above trend line at 32400.
Sell below trend line at 32300.
Note : Don't take a trade for first 15 min, let the market make the move and then trade. For Scalpers no suggestion.
Imp Note : On daily timeframe, BnkNifty is forming Head and Shoulder Pattern.. of which the Left Shoulder, Head is already formed and Right Shoulder with downtrend is forming. Please keep this in mind.
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BANKNIFTY PARADOX- BULLISH OR BEARISH?The banknifty has been moving in triangle for the last two sessions, 6th may expiry happened in consolidation and so did the friday closing.
The Paradox that we have for banknifty is, there is huge call writing done on 33000 level followed be 34000, which means that sellers see the market as bearish, But on the other hand there is continuous support of 50 and 200 EMA. followed by support at the current level as per volume profile.
Looking at both these situation we cannot carry a firm view about the market and need to wait for the closing to happen.
so, if closing on 15 min happens below 200 EMA and triangle than we can see a good downfall of 500+ points.
where as , if it gives breakout above triangle, than let the upside rally continue.
whatever happens, we need to wait for a clear signal, because its better to play big when you are sure than to upset yourself over the uncertainty which always exist in the market.
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Banknifty 10/05/2021Hello Everyone,
Hope you all are fit and fine ... Stay Safe and Trade safe...!
As per my analysis, BNKNIFTY will Open GAP DOWN with 100-150 pts.
Resistance Level :
1. We already have an Existing Resistance level from 32950 to 32900 since start of this week and market has closed below this level, so the chances of Gap-Down Opening are to high.
2. 33000 is next level of Resistance.
3. 33200 to 33300 is next level of Resistance, of which 33200 is another strong level.
Support Level :
1. 32700 to 32800 is becoming good/decent support level. In todays trading session you might have seen the reversal from 33800 level.
2. 32500 is next strong Support level.
Trend Line :
There was a sharp fall on Tuesday, where it took support at around 32250 to 32300 level. Since then BnkNifty is taking Support of this trend line.
But today this Support was Broken with high volume, BnkNifty tried to Reverse but could not as it was facing an Existing Resistance Level.
So think of buying only if BnkNifty breaks above Trend Line and Resistance Level.
More of go on Selling side .. if Decent Support Level is broken then a good Downward Rally is expected.
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Banknifty 6/5/2021 Expiry SpecialHello Everyone,
As per my analysis, BnkNifty will Open GAP DOWN.
32900 is strong Resistance.
32450 to 32500 is strong Support.
If there is Gap Up opening above 32950 then GOOD Upward rally can be seen.
If there is Gap Down opening and if 32450 level is broken then GOOD Downward rally can seen.
Market can be seen sideway between 32450 and 32900 levels.
I hope you all like my analysis.
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BANKNIFTY CHART ANALYSED FOR 23 APRILas we can see it reversed exactly from our DEMAND ZONE and rest it was unidirectional move ✅
now it stands at very crucial level we cab see a trendline which we drew since last trading sessions has been respected ever since !!
For now If BANKNIFTY breaches 31900 tomorrow as sustains above then we can take position on buying side for positional too but High chances of reversal from this area cause it has been respecting this TREND LINE ever since 🚨
BANKNIFTY CHART ANALYSED FOR 12th APRILCURRENTLY IN NO TRADING ZONE from level 32375-32570
Reason why market can trap you real bad in upcoming trading sessions!
Global sentiments looks real position as DOW JONES now trading at their all time high but the domestic sentiments looks just the opposite as rise in both COVID cases and deaths in the country leading to lockdowns in many states is really frightening!!
32375 acted as an UNSURMOUNTABLE SUPPORT as bears are trying to take market down since last month
Current both BEARS AND BULLS are fighting, hence its better to avoid still the winner is declared!!✅
Important levels already mentioned in charts ✅