Banknifty looking weak, a small retracement is possible. Wait for good price action and then enter into the trade.
"Trading day, March 16th:The global market is indicating a neutral start, but the market's current trend is bearish. It may open with a slight gap-up, but if the market breaks above the EMA 20, we can consider that the market may reverse its trend from bearish to bullish. On the other hand, if the market declines sharply at the beginning, then the correction will...
Today will be slightly gap down opening in BANKNIFTY. Expected opening below 38950 Level. After opening possible further downside of 400-500 points from this level upto 38550 level. And this can extend for another 400 points if it gives breakdown of 38450 level. Any Bullish rally is only expected in case banknifty starts trading and sustains above 39050 level.
Buy BankNifty above 39600 with SL of 39490 for the upside targets marked on the chart. To motivate us, Please like the idea If you agree with the analysis. Happy Trading! InvestPro India Team
As US market down and Credit Suisse problem, impact may be seen in Banknifty too. Sell on rise may be the market.
Levels: Support: 38900, 38750, 38600 Resistance: 39150, 39450, 39800 OI Data: ---------------------------------------------------------------------| Bank Nifty => Price: 39051.5 ATM: 39100 , ITM: 39000, 38900, 38800 , OTM: 39200, 39300, 39400 ---------------------------------------------------------------------| Highest OI Call in Bank Nifty per OI...
Banknifty has given a nice bearish engulfing candle and the global markets are too trending in the negative momentum. Even after a gap up opening the market has closed 360 points lower giving a 1000 points move from day high. On hourly charts, the market has taken a rejection from the 20 ema and from the first candle onwards it came for selling. In last 5...
Nifty has given a bearish engulfing candle and closed below the crucial level of 17k. The market gave a gap up opening but couldn't sustain the higher levels and finally sank to test the support zone around 17000. On the hourly charts, the market has clearly taken resistance from the 20 ema and 38.2% fib levels. There are higher chances of nifty testing the...
Nifty bank has not fallen enough, we have not even scratched the surface yet. The pace at which global banks are going insolvent - the real fear has not hit India yet ! Traders, investors & public are just cool here, look at the India VIX - we are still at 16.29% compared with US VIX of 27.2% ~ it means we are trading with 67% lower volatility. Now - the reason...
Expecting gap down opening around low of today and then move downside. pe side can be looked at below 38900 with sl at 38940 for downside target 38800/38630/38450. not seeing much on upside.
BANKNIFTY Intraday Trade Setup For 16 Mar 2023 Buy-Above 39220 Sl-39110 T-39550 39900+ Sell-Below 38930 Sl-39040 T- 38615 38300 BANKNIFTY has closed on a bearish sentiment with 0.91% cut today. After our first positional sell level- 41550 was triggered it has been in a bearish phase. Now it is near our 1st target 38700. Last week our extended sell level was...
The FASP for BankNifty is listed for 16-03-2023 . 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 Support and Resistance Updated on One Hour Chart Analysis Support Zones Frist Support Level For For Long Banknifty - 38755 - 38810 Second Support Level For Long Banknifty - 38300 - 38330 Third Support Level For Long Banknifty - 37940 - 37970 Resistance Zones First Resistance Level...
BANKNIFTY1! Short cmp 39696 T shown on chart
BankNifty Trading Levels For Wednesday Trading Session Resistance 39950-40000 Towards Target of 40200 With SL of 39900 Support 38950-38900 Towards Target of 38700 With SL of 39000
NSE:BANKNIFTY BANKNFTY hits the strong daily support and manages to recover few 100 points again, bnf max bounce can be expected till resistance 2 area before coming down again, once we brake the strong support zone we can expect to hit target 1 in one go and target 2 can be achieved by next day, be carefull and dont chase the market, trade at the zonez with...
buy call @ 39570,tgt-39800\40000\40400 buy put below 39300 tgt-39100\38426 for confirmation than enter.