Today BankNifty opened with Gapup as expected and made the high in the first 30 mins. We sold 37500 CE at 130 for the target of 0 and sold 36700 CE at 170 in the last hours for the target of 100. Overall it was a great day for our Trading group members.
Expectations for Tomorrow: Volatile Day
Resistance: 37230
Support: 36050
Intraday Levels:
Buy Above...
As we analyzed, most of the day was range bound and Options sellers made good money. Our support for today was 34950 and we didn't break that level, saw bounce multiple times around those levels.
Expectations for Tomorrow: can be a trending day
Resistance: 35550
Support: 34800
Intraday Levels:
Buy Above 35310
Sell Below 34950
For Targets, SL, and Intraday...
Bank Nifty Intraday levels on 24-02-2021
Disclaimer : All charts are purely for educational and information purpose only. Invest or Trade at your own risk.
Hi Traders,
In this screenshot, You can see how to see the change in trend in an easy and simple way along with next week's plan for trading in bank nifty. For detail see the complete explanation in the video link given in the below box.
Yogesh Vats
Today will be slightly a gap up opening in banknifty. 35000 will act as strong support for today session. If it is trading below this level this possible strong fall of 300-400 points downside. The bullish side only above 35550-35600 level.
As we analyzed for 22nd Feb, today was a volatile day, and once we broke the 35800 all our targets met.
Expectations for Tomorrow: Range bound market.
Resistance: 35500
Support: 34950
Intraday Trades would be posted in our TradePro group.
Happy Trading!
InvestPro India Team
NSE:BANKNIFTY
📊 Each levels Act as support and resistance📈📉. one can trade on 3min, 5min and 15 min as per their trade set up. for reference one can check our old published ideas.
if any candle taking support from any level then try to identify that is that reversal candle at support or what if that is reversal candle then go long above that reversal candle and...
Today will be a gap down opening in banknifty. Expected further 300-400 points downside below 36450 levels. 36000 will act as strong support for today's session.
NSE:BANKNIFTY
📊 Each levels Act as support and resistance📈📉. one can trade on 3min, 5min and 15 min as per their trade set up. for reference one can check our old published ideas.
if any candle taking support from any level then try to identify that is that reversal candle at support or what if that is reversal candle then go long above that reversal candle and...
Today expected a slightly gap down opening in banknifty. If it's trading below 35500 in today's session then can expect a quick downside of 400-500 points towards the 35000 support. The market is only positive if trading above 36050 levels.
Today will be a gap up opening in banknifty. If it sustains above 37050 then possible it goes for 37450 to 37950+ in today's session. Downside fall 300-400 point possible below 36950 to 36550.
Today banknifty will open gap up near 35500 level. If it trading above this level then we will get further 300-400 points rally in banknifty. Downside correction is possible if banknifty trading below 35450 levels. 35050 will act as strong support for today session.
In 30min chart of bank nifty wave (i), (ii) and (iii) is completed at 31630, 31232 and 37708 respectively and wave (iv) is either completed at 35584 or complete in 35584-35234 range. wave (v) is still pending above 37708.
36180-35234 support range and BN is negative only below 35234.
Today will be slightly gap down opening in banknifty. If it is trading below 36950 then expecting 36550 downside level. 36550-36600 will act as a strong support level and possible banknifty take reversal from this support and complete its correction move.
Markets continue to face stiff resistance on the way up while they attempt to produce a revival. The absence of trends continues to impact the positional traders as the trends do not seem to stretch. With complete lacklustre move dominating the market one can continue to approach next week with a limited range perspective.
As we analyzed yesterday, we opened almost flat and instantly tested yesterday's low. It gave a good rally, initiated our buy trade and we booked 120 points in Future.
We again got another opportunity to sell below 36950 and again booked 100 points on the sell-side too. Overall, good day!
Expectations: Range-Bound Day
Resistance: 37240
Support: 36680
Intraday...
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