BANKNIFTY CHART 15MIN ANALYISIS 31 MAYmarket analysis and market is fully bullish wait for tap on order block then take entry on the basis of CHoCH and inducement and SCOB
Bankniftysignals
banknifty BREAK or NOT?All the key points, aspects, and confirmations are clearly mentioned on the Chart. Kindly do your own research once before entering.
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Banknifty is bullish even after recently overboughtBanknifty has given a deeper pullback in RSI. Yesterday nifty performed but banknifty did not. If Nifty performs a little better today bank nifty will rally. The OI data on banknifty is not very strong, PCR is negative in bank nifty. Daily candle lower wic can be support for todays upmove in banknifty.
To know the price actions story watch the yesterdays analysis. link attached below.
Banknifty support and resistance for tomorrow DII Started selling the cash market and FII selling the index future. Max Open Interest in Banknifty for the upcoming week is at 34000 which is very close to the current level. This shows that there is very less chances for an upmove tomorrow. But Banknifty is in the middle of our buy or sell level, My opinion looking at price level is natural. Price is at overbought area. So mostly the immediate reaction would be to sell.
BANK NIFTY BUYBank nifty looks positive and can be added from these levels. If we see the bottom there is a clear support with TDI diversion. The index broke its resistance today strongly and should continue its strong momentum. The first target is 33500 followed by 34100. Should follow a stoploss below 32000 on closing basis.
BANK NIFTY 19 JUNE 2020 - TODAY WILL BE EXTREMELY VOLATILE DAYTodays Bank Nifty prediction.
Get your numbers ready and later tell me how you performed.
lower range 20646
upper range 21321
Best Strategy - sell on upper levels , buy on lower levels
The Chart clearly shows the levels.
Make sure you have your home work done before entering the market as its going to be Extremely volatile day.
My numbers are derived out of statistics and mathematical calculations and thats the reason they are highly reliable.
There are many people posting on trading view, I recommend any trader to have a clear description before following analysis given by anyone and then check with real time metrics as whose predictions were good.
Always be a responsible trader and have your data in hand as to when to enter and when to exit.
Bank NiftySupport of the day - 20750
Resistance of the day - 21310
Trading always has to be handled with realistic Analytics and based on our research we are providing levels.
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