Analysis may be wrong for 1 or even 2 days but using this trading style i gained very much points in banknifty in past because the R:R is good like 1:4 or 1:6. My analysis was for friday was wrong but i think you forget about the trade that we took and analysed on 12/01/23. but due to some rules and regulation the post was been private. Ok leave it.
There were 4 support & resistance zones in play today, 3 supports broken & 1 held. No pull back rally - just a consolation flat type trading last 3hrs today.
Lets analyze it one by one. The accusations against Adani group companies by Hindenburg research caught the lime light today, markets reacting more seriously than on 25th Jan.
Many of the Adani group...
Today will be a gap up opening in BANKNIFTY. Expected opening below 41950 Level. After opening possible reversal of 400-500 points from 41950 level. And this can extend for another 400 points if it gives breakdown of 41450 level. Any Bullish rally is only expected in case banknifty starts trading and sustains above 42050 level.
The global market indicates a slightly positive start. The market nature is moderately bearish. It may start with a gap-up. After that, if the market rejects sharply around 38 to 50% fib level, then we expect a correctional wave. On the other hand, if the pullback sustains around the key zones, it will go further with some consolidation.
Again i posted the analysis for Banknifty.
BANKNIFTY will be gap-up or it may show a good upside rally basically it is not a upside rally it will be a pullback if it wants to fall or give a healthy correction after a long time. But remember unexpected gap-down or sideways market may trap you so use small sl . If market opens gap-down then avoid...
BNF SUPPORT for today 40990-41050
chart self expletory hai
If you look at the chart of Bank Nifty, you will know that it has broken the previous swing low of 41990.
BF If BF remains under control then there is a possibility of getting 40 990 today.
This is a chart posted for educational purposes only.
On 16th Jan I have posted an idea of BN in which possibility of decline were mentioned. that decline is already started and now we are in 4th wave of that wave c decline. 5th wave of wave c is still pending on down side which is explained in this video in hindi language.
Thanks for watching...
Banknifty Analysis and Price Action Trading with Key Levels
Weekly Expiry on 02 Feb 2023
India Vix Closing – 14.65
Frist Support Level For Buying - 41645 - 41690
Second Support Level For Buying - 41370 - 41400
Third Support Level For Buying - ...
The FASP for BankNifty is listed for 27-1-2023 . You can add this levels to your trade setup for better results. This should not be the only indicator but an additional tool to increase your winning possibilities.
What is Fibolysis Anchor SupRes Points(FASP)?
It is a unique level arrived by using Fibonacci Retracement , Fibonacci Extension , Standard Pivot...
BANKNIFTY Intraday Trade Setup For 27 Jan 2023
Sell_1- Below 41540
Sell_2- From 42310
T- 42000 41700
BANKNIFTY has closed a complete bearish sentiment with 2.54% cut. It was complete in selling mode since opening. Market opened flat and a sell triggered below 42615. After it was triggered it gave a nose dive till 41540. It was a...
Bank nifty 2 hour chart suggesting abc- X - abc pattern where abc and X is completed and in second abc decline a and b seems completed and wave c is in progress. stop loss OR upside break even point is given in chart.
What a day today ! I had to take some for things to sink in. We literally had 3 support & resistance in play today & that should make an amazing post mortem today.
The open was inline at 42703 very near to the close yesterday, i was hesitant to go in with a debit ratio spread of 42500/42400 PE 2:4 ratio when it had only 28pts premium. The major reason i didnt...
Banknifty Price Action Trading
Frist Support Level For Buying - 42675 - 42700
Second Support Level For Buying - 42340 - 42377
Third Support Level For Buying - 41920 - 41950
First Resistance Level For Selling - ...
BANKNIFTY Intraday Trade Setup For 25 Jan 2023
T- 43000 43300
BANKNIFTY has closed on a bearish sentiment with slight cut of 0.21% today. Last day hourly range shifted above 42700 and today it made a high of 43078. Last day it was updated to trail sl to cost which PDL exactly. Today it was...