Banknifty has been trading around a major support levels and is around weekly 20 ema. It is taking support from the moving average. For last 4 weeks market has given red candles and has formed a confusion candle this week. On the daily charts, market is stuck in a small range which shows that there is a high probability of a trend market in this week. Banknifty...
Next 4-5 trading sessions may give the view of the market and by mid of September there will be a clear idea of market. --> Nifty support at 19260 and no immediate strong support --> Bank Nifty currently at support 43300 With these price actions, we are expecting a downward move in coming days. As the Nifty supports are weak and if the price moves 2-3% below...
Bank Nifty Prediction for this Week: Indian Markets are in Down trend however there will be small correction in BNF this week. Currently it is taking support at Daily 100 SMA line. Next week Bank Nifty likely to test 44150 level before it falls again and there is high probability that Nifty might test 42500 mark very soon. BULLISH trend can be expected only if...
The FASP for BankNifty is listed for 21-08-2023. 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...
Banknifty is showing unusual resilience to breakdown, instead its chopping around. The intraday swing range has narrowed in the last 2 days which means we could expect a massive move pretty soon. I am not very sure what is restricting banknifty from falling. For example we had a good gap down today and hit the swing low of 16 Aug, but the recovery was so decent...
Banknifty has given breakdown below 44300 strong support which is H&S formation breakdown . Below 44000 we can see 43000 or below mark. Invalid below 45000 on weekly closing basis
Its still in our zones only can plan as per our neutral view
Banknifty important levels to watch are as follows #Support: 43735 Sell below: 43735 only on 15 minute candle closure below the level. Target 1: 43520 Target 2: 43290 #Resistance: 43925 Buy Above: 43925 only on 15 minute candle closure Above the level. Target 1: 44070 Target 2: 44281 #Demand Zone: 43730-43810 may act as a immediate buying zone, and price...
"Good morning! As of August 18th, The global market sentiment is negative (based on the Dow Jones alone), while the market trend is moderately bearish. The market might start with a gap-down. After that, if the market takes a pullback around the immediate support zone, we can expect a range-bound market or a pullback continuation. If it breaks the immediate...
Today will be gap down opening in BANKNIFTY . After opening if banknifty start trading below 43950 level then possible downside rally of 400-500 points upto 43550 Level. And this rally can extend for another 400 points if it gives breakdown of 43450 level. Any Major upside only expected in case banknifty starts trading above 44050 level. also possible Reversal...
The FASP for BankNifty is listed for 18-08-2023. 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...
BankNifty Weekly Analysis The bears have managed to take out 674pts ~ 1.52% between the last expiry and today. A sign of momentum getting built. We have taken out 1 important support level of 44068 in this week - something to cheer for the bears. Overall sentiment is looking bearish as the EMAs are diverging. BankNifty Today Analysis We had a flat today, but...
BANKNIFTY Intraday Trade Setup For 18 Aug 2023 Bullish-Above 44075 Invalid-Below 43965 T- 44325 44575 Bearish-Below 43740 Invalid-Above 43850 T- 43490 43239 BANKNIFTY has closed almost flat today with minor cut of 0.13%. It has formed a neutral doji candle in daily TF. Buy triggered as per trade setup above 44005, last day it was said to be very strict in...
Hey fellow traders! 👋 I've been analyzing BankNifty's recent price action on the 4-hour time frame and noticed the formation of a classic head and shoulders pattern. This pattern could indicate a potential shift from the recent bullish trend to a bearish one. 📉The head and shoulders pattern is a well-known reversal pattern characterized by three peaks - a higher...
Banknifty important levels to watch are as follows #Support: 43860 Sell below: 43860 only on 15 minute candle closure below the level. Target 1: 43730 Target 2: 43600 Target 3: 43455 #Resistance: 43970 Buy Above: 43970 only on 15 minute candle closure Above the level. Target 1: 44180 Target 2: 44410 #Demand Zone: 43700-44800 may act as a immediate buying...
Timeframe: 15-minute chart Support Zone: 43670-43576 Resistance Zone: 44228-44315 Trade Overview: In this trade idea, we'll focus on scalping the BANKNIFTY using the support and resistance zones identified on the 15-minute chart. Scalping involves making multiple quick trades within short time frames to capture small price movements. Trade Plan: 1. Entry...
Nifty BankNifty Analysis for 17-aug-23. Small video for current levels for both index
Bank Nifty Level fo 17 Aug #Support Buying Level - 43940-44060 #Selling Level - 43650 Below Note - Only for Edcation Purpose