Bank Nifty is forming Rising wedge formation, now Bank Nifty is ready for a fall of 650+ points in next few sessions. Keep an eye on given levels. Be Safe Trade Safe. This is my Personal View and It is only for Educational Purpose .
NSE:BANKNIFTY DATE: 20.12.23 DAY: Wednesday Time Frame: 15mint ABOVE 47910 Possible Rise Till 48000 - 48200- 48550+ BELOW 47800 POSSIBLE FALL TILL 47710 - 47550 - 47400 STRONG SUPPORT OF 50DAY EMA. PLEASE DO FOLLOW IF YOU LIKE OUR ANALYSIS.
47156 is a strong support , if price takes support over there go long for the target of 47323, if price crosses over 47405 (Super Strong resistance may push price to the level of 47200) long for the target of 47546, above 47546 it may reach to the level of 47673.
BankNifty Analysis Banknifty disappointed a bit today. After a shaky start just like Nifty, we hit a new ATH by 10.23 - 47588. From there we cooled off a little bit and then closed flat. From the last post-mortem we hoped that it would be a day of out performance today and sadly the price action today did not live up to that expectation. 4mts chart link - click...
Super Strong Resistance , Breaking it will give price a new momentum. price may easily reach to 48069.
BankNifty Analysis The real reason for the outperformance on Nifty50 = BankNifty today. In the last newsletter, we discussed how relevant BankNifty’s next move would turn out to be. Would you believe we took out the ATH today and the new value is 46484.45? 5mts chart link - click here BankNifty went on to take out the 45399 resistance in the gap-up open...
As you can see here after a big burst bollinger bands went to short squeeze if price opens at the same area where it left off and then crosses above 45245 then it can easily cross 45455, and may reach to its final destination of 45654. if price goes below 44923, the price may take strong support at 44742 and may bounce back to the level of 45041, but if price...
BankNifty Today Analysis From yesterday’s analysis, I was long into BankNifty and was quite surprised to see the breach of support level 44542 by 09.45. The candle that crossed this SR line took out 154pts, luckily no damage was done and we found a safety net at 44280 levels. 5mts chart link - click here I have not fully subscribed to the idea that the opening...
as you can see here that all bollinger bands are in narrow upside trajectory and price closed above standard deviation one,if price takes resistance around 44110 then there will a high chance that price may go in sideways. if price crosses above 44110 then you may see a strong current to the upside and price may easily reach to the...
As you can see here banknifty taking resistance at standard deviation one, if price crosses above 43767, which is a strong resistance , then it may easily reach 43934 and then 44098. If banknifty crosses below 43490 then it may reach 43326, 43326 is a strong support , if banknifty takes support then it may bounce back to the level of 43623, if breaks down it...
if price goes above 43918 then it will reach 44091, 44091 strong resistance price may again retrace down to the level of 43800, but if price goes above 44091, you may see a strong upside current and price may achieve its full target. As you can see here, that bollinger bands made a short squeeze , there is a high chance that it will burst tomorrow, if it goes...
BankNifty Analysis BankNifty was perfectly neutral in trade today. I had a bearish call from yesterday but seeing the moves today it makes sense to switch back to the neutral mode. One reason why its not picking up direction would be attributed to the unavailability of information on the recent announcement by RBI. When the risk weights of consumer loans and...
If trigger line crosses above - -48.31, may reach 56.53, Option price - 180-210 If trigger line crosses below -43.17, may reach 33.53, Option price - 190-265
if price goes above 43849 then it may reach 43982 easily, 43982 is a strong resistance and may again go down to the level of 43688, if it crosses above 43982 the it will easily reach to the level of 44124. If price goes below 43563, then it may take support at 43386, 43386 is a super strong support price may bounce back from this area and may reach to the level...
If price takes resistance at 44395 then it may again retrace back to its yesterday's low. if price crosses over 44395 then you can witness a new upside move and price may reach 44526 pretty easily.44526 again a strong resistance, if price crosses over it then it will reach its final target, but if it retraces from here then it can give you 200 points...
if price burst upside and goes above 44486, then it may reach 44604, 44604 is strong resistance price may go down to the level of 44429, but if crosses above 44604 then it may reach to final target. As you can see here , that price closed taking support at median line , this situation indicates another sideways, but here situation is little different . as you...
If trigger line crosses over 59.81, may reach 71.20, Option Price may reach 270-490 with a huge gap up. If trigger line crosses over 49.56, may reach 37.47, Option Price may reach 135-210.
Long 15 minute trend , BN looking a little weak, if it breaks down this trend you may see a nice fall, but as it is in upside move from quite a few days, you may see a falls breakdown then it may go down, so you must trade both the move , first one very carefully.