The FASP for BankNifty is listed for 25-08-2023. 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 levels...
"Good morning! As of August 25th, the global market sentiment is negative, based on the Dow Jones alone. The market trend is bearish, and the market might open with a long gap down. Therefore, we don't know where it will open. If the market finds support around the immediate support zone, we can expect a minimum pullback of 23% to 38%. On the other hand, if the...
Both Nifty and Bank Nifty are at previous day's/week's support point. If these support points turn as Resistance levels then we could expect a Downward consolidation for another month. My expectation is that Nifty will be tested for 19300 level and then to start a trending line
BANKNIFTY Intraday Trade Setup For 25 Aug 2023 Sell_1-From 44755 Invalid-Above 44865 T- 44500 44280 Sell_2- Below 44430 Invalid-Above 44540 T- 44175 43915 BANKNIFTY has closed on an absolutely flat note today after a big roller coaster ride. After the breakout of our bullish reversal key level- 44100 in hourly TF it gave a very good momentum 44949. Today it...
BANKNIFTY Idea #Current Price- 44479 #Resistance- 44571 #Support- 43352 #Target 44712 And 44919 we can expect after a break of Resistance #Target 44216 And 44103 we can expect after a break of Support #Execution only after break and close above or below from resistance or support 15-minute candle. #Stop Loss above or below from resistance or support...
BankNifty Weekly Analysis Between the last expiry and today, BankNifty has gained 595pts ~ 1.36%. This is exactly why I said banknifty works as a leading indicator to detect trend changes. If you notice carefully the outperformance has started in BN, not quite in N50 (up only 0.17% weekly). And in the turn of events today, BN held its ground - cheers for that ! ...
This is bank nifty 1hour chart in which decline from 46369 to 43600 is (a or i) and bounce from 43600 to 44950 is corrective wave (b or ii) and now wave (c or iii) is already started and its minimum projection range is 42180-41527. Use 44800 as stop loss for this trade.
BANKNIFTY Intraday Trade Plan BUY LEVEL - 44450 -44350 STRICT INTRADAY ONLY
"Good morning! As of August 24th, the global market sentiment is positive (based on the Dow Jones alone), and the market trend is moderately bullish. The market might open with a gap-up. If the market reaches resistance with consolidation, we can expect a minor correction. On the other hand, if the initial market experiences a sharp rally, then the rally is likely...
#BankNifty Technical Analysis, #Strong #supplyand DemandZones. Views i have shared is Intra to Positional Views
We will start with BankNifty today, because we had a reversal pattern today. According to me trend changes are first spotted on BankNifty and hence it works as a leading indicator. This is what I said in yesterday’s report: Also note that the falling wedge will converge tomorrow, so a strong up move is more dangerous. The bulls will use that opportunity to drive...
BANKNIFTY Intraday Trade Setup For 24 Aug 2023 Bullish-Above 44525 Invalid-Below 44415 T- 44777 45015 Bearish Below 44340 Invalid-Above 44450 T- 44150 43950 BANKNIFTY has closed on bold bullish note with more than 1% gain today. Since last two sessions index was in a tight range. Also it was updated multiple time that index is trading near key resistance...
NSE:ENGINERSIN have given a Falling Trendline BO after 13 years on Weekly Chart.... One can invest in the scrip from long term view.... The most important part is this that it is a PSU. If you agree with the idea then hit the airplane icon and don't forget to follow me to get all the latest updates. Post your comments and queries. Disclaimer: Content shared...
RETRACEMENT DONE IN BANK NIFTY Bank Nifty Trading in 50-61% FIB RETRACEMENT ZONE Short Triggered in BankNifty MIN 750 POINTS FALL EXPECTED TARGET 44000 - 43900- 43800
Banknifty as long as it is above 43600 and below 44212 is side ways. Also it can turn out to be a base building for upside move. until 15 min candle close above these levels, no momentum can be expected and direction for short term remain bearish to sideways.
"Good morning! As of August 23rd, the global market sentiment is slightly negative (based on the Dow Jones alone), while the market trend is moderately bullish. The market might open neutrally, suggesting a ranging market. If it breaks yesterday's high after the neutral opening, we can expect a pullback continuation. On the other hand, if the initial market...
There is a clear resistance at 43200 level, which will be critical level. Even if there is any breakout at resistance level there could be a consolidation till the 44500 level. There could be a retest at downward support level as there are two trading sessions before the expiry.
The reason why we were bearish in the first place was the inability of BankNifty to take out the resistance of 44068. Today’s price action is the biggest proof on why it worked. If you notice the trades today, it was above or near this level till 13.40. Then banknifty started falling. And the final close came at 43950 - there was a noticeable fall of 160pts from...