Banknifty Prediction for Tomorrow Banknifty looks weak when comparing with Nifty, currently its trading below Previous week low. We can expect reversal either from PWL, or PDH BNF target for upcoming days is 46400 and below Look for Buy/Sell at Demand and Supply zone for profitable trades. Demand and Supply Zones - When price breaks the zone, Demand zone will...
Hello Traders, Welcome to SriTrader5121 -------------------------------------------------- Bank Nifty - 11/01/2024 - Levels IMPORTENT ZONE FOR THE DAY: 47190 – 47220 Important Support and Resistance for the Day... Support - Resistance - Support-1: 47220 Resistance-1: 47430 Support-2: 47010 Resistance-2: 47600 Support-3: 46810 Resistance-3:...
Today BankNifty opened with a gap-down near 47000 which was the physiological support zone and after giving a bounce towards 47350 odd levels in early morning, it remained in a small range on entire day and it was a typically options sellers day. For tomorrow, BankNifty has to sustain above 47500 for further upside which can take BankNifty towards 47620 and upper...
In this video, we'll discuss about Today's Market Movement and Tomorrow's Analysis in Nifty, Banknifty and other segments too. Whether you're a seasoned trader or just starting in the stock market, this analysis will help you in Learning about Market. Let's get right into it! ✅I hope you liked the analysis. Be sure to hit that LIKE. 👍Like | 💬Comment |...
The FASP for BankNifty is listed for 10-01-2024. 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 levels...
Structurally, Banknifty exhibits a solid bearish sentiment. However, if it finds support around the immediate demand zone, a minimum 38% pullback could be anticipated. If this pullback is sustained and breaks the 38% level, it might extend further. Conversely, if it doesn't find support within the immediate demand zone, the correction is likely to persist.
As we discussed Banknifty bearishness yesterday, it opened a Gap-up and then took resistance at 200 EMA, then it fell with quite a nice volume. Also, it did break the pattern to the downside. Also, 47400 was acting as a very nice support but has been broken with good volume and selling pressure. The volume of those candles was very demanding. If we look at the OI...
BANKNIFTY Intraday Trade Setup For 10 Jan 2023 Sell_1- From 47710 Invalid-Above 47820 T- 47430 47200 Sell_2- Below 47150 Invalid-Above 47260 T- 46780 46355 BANKNIFTY has closed on a bearish note with 0.44% cut today. As per previous day trade plan we planned a short from 47930, according to simple half bat pattern. Sell triggered @ 47930 and what a fall we...
Banknifty Prediction for Tomorrow SIDEWAYS to BEARISH Trend. Look for Buy/Sell at Demand and Supply zone for profitable trades. Demand and Supply Zones - When price breaks the zone, Demand zone will become Resistance and Supply zone will become Support. Refer the chart for detailed Intraday Support and Resistance levels. Happy Trading!!
Banknifty has given fall in the second half and fell almost 700 points from the day high. Now the market has confirmed a bearish trend as it has been forming a lower low lower high formation. It is taking support from 200 hourly ema and closed 200 points lower. Tomorrow is weekly expiry and anything below 47150 will drag banknifty to test 46920 levels. Major...
Hello Traders, Welcome to SriTrader5121 -------------------------------------------------- Bank Nifty - 10/01/2024 - Levels IMPORTENT ZONE FOR THE DAY: 47430 – 47455 Important Support and Resistance for the Day... Support - Resistance - Support-1: 46950 Resistance-1: 47430 Support-2: 46500 Resistance-2: 47850 Support-3: 46000 Resistance-3:...
BANKNIFTY Intraday Trade Setup For 09 Jan 2023 Sell_1- From 47930 Invalid-Above 48040 T- 47650 47400 Sell_2- Below 47380 Invalid-Above 47490 T- 46920 46635 BANKNIFTY has closed on a bold bullish note with 1.47% cut today. Sell triggered as per trade setup below 47820 and hit 1st target EOD (47820-47390). On a flat opening below today's low there an be another...
"Good morning, friends! Here are the directions for January 9th: The global market sentiment remains moderately bearish, supported by the Dow Jones, while our local market sentiment reflects a similar trend. It might open with a gap-up start, as indicated by Giftnifty showing a +120. If the gap-up sustains, our minimum target is 38%. Should it break, a pullback...
Bank Nifty is still in channel, it will not go anywhere until breakout or breakdown of channel. Here is some levels as per my view. This is only for educational purpose.
As we discussed yesterday, Banknifty could not break to the upside. it stayed inside and fell heavily. As looking at the chart structure has broken outside the pattern to the downside. I am expecting it to fall more till level 46950. also, OI data PCR = 0.60 shows super Bearishness in the market. You can see the OI chart, which shows the MAXPAIN 47500. If it...
Hello Traders, Welcome to SriTrader5121 -------------------------------------------------- Bank Nifty - 09/01/2024 - Levels IMPORTENT ZONE FOR THE DAY: 47730 – 47760 Important Support and Resistance for the Day... Support - Resistance - Support-1: 47380 Resistance-1: 47730 Support-2: 47200 Resistance-2: 47890 Support-3: 46950 Resistance-3:...
In this video, we'll discuss about Today's Market Movement and Tomorrow's Analysis in Nifty, Banknifty and other segments too. Whether you're a seasoned trader or just starting in the stock market, this analysis will help you in Learning about Market. Let's get right into it! ✅I hope you liked the analysis. Be sure to hit that LIKE. 👍Like | 💬Comment |...
- The Indian Indexes are looking stretched now. - It's better to be a little patient first and then take trades impulsively - Do not long or short based on anyone else's idea. - It's very important to wait for a retracement which will give you a better confirmation for swings