"Good morning! As of August 17th, there isn't a significant difference from the last session. The global market sentiment is negative (based on the Dow Jones alone), while the market trend is moderately bullish. 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...
As Nifty50 price at upper trend line and Bank Nifty gave a upward move with support at 43600 next three trading session will decide whether there will be any upward move or not. 44200 level could be critical for BNifty, as it will be acting as immediate resistance and Downward trend line break level.
From the moment we started today, Banknifty looked and stayed bearish for the entire day today. In the opening minutes we dropped 1.06% ~ 465pts and then there was a decent recovery of 403pts ~ 0.93 by 15.05 Last session we discussed the support/resistance zone of 44068. We have broken that today and the close ensured we have conclusively breached it. HDFCBK made...
In the dynamic world of trading, the Bank Nifty (BN) showcased an intriguing scenario today, leaving traders on the edge of their seats. After a sharp initial fall, the index staged an impressive recovery, ultimately reaching new heights by the day's end. Let's delve into the details of this captivating journey and explore the potential trading opportunities it...
The FASP for BankNifty is listed for 17-08-2023. 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 Intraday Trade Setup For 17 Aug 2023 Bullish- Above 44005 Invalid-Below 43895 T- 44290 44575 Bearish-Below 43830 Invalid-Above 43940 T- 43535 43239 BANKNIFTY has closed with a 0.33% cut today. it opened with a big gap down but intraday sentiment changed after the 15 Min candle and slowly and slowly there was recovery. 10 o'clock range broke upside...
BANKNIFTY Idea #Current Price- 44061 #Resistance- 44189 #Support- 44022 #Target 44272 And 44404 we can expect after a break of Resistance #Target 43907 And 43811 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 important levels to watch are as follows #Support: 44000 Sell below: 44000 only on 15 minute candle closure below the level. Target 1: 43790 Target 2: 43540 #Resistance: 44200 Buy Above: 44200 only on 15 minute candle closure Above the level. Target 1: 44410 Target 2: 44570 #Demand Zone: 43900-43960 may act as a immediate buying zone, and price...
Hi All, Hope all are doing great. Here’s my 1D timeframe analysis. As we can see in the chart from 14-Dec-2022 to 6-Apr-2023 around 113 days there was a good falling channel pattern. It broke and achieved twice the target. The next 113 days from the previous breakout is forming beautiful rising wedge pattern. As per the pattern nature it might break below to...
"Good morning! As of August 16th, the global market sentiment is negative (based on the Dow Jones alone), while the market trend is moderately bullish. 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 minimum 38% pullback. If it breaks the immediate support zone, then the...
The FASP for BankNifty is listed for 16-08-2023. 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 Idea #Current Price- 44262 #Resistance- 44278 #Support- 44149 #Target 44352 And 44459 we can expect after a break of Resistance #Target 44038 And 44921 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...
I am a student of the Market. I am studying EW Indicator. So You know that I am not a pro trader. I like to publish my IDEA about BANKNIFTY . It is a possibility of a Down move in BANKNIFTY or Maybe not...!!? Let's See what happens.....
Since last two weeks the bank nifty has been consolidated about 5%. with the immediate supports at 43850 and 43600 and resistance @ 44450 this week expiry will be deciding the banks movement on consolidation or breaking the trend. On any break of the immediate levels there could be huge upward or downward movement of 800 points.
Banknifty also made a decent recovery after the 482pts ~ 1.09% fall in the opening 20mts. It retraced 433pts by 15.00. And then fell a little to close out with only 0.2% losses @ 44090. Even though the recovery was good, it was not as dramatic as Nifty50. And we are back at an important support/resistance level of 44068. So bank nifty has retested its old SR...
BankNifty important Intraday levels to watch are as follows Expectations: Trending Day #Support: 44120 Sell below:44120 only on 15 minute candle closure below the level. Target 1: 44020 Target 2: 44890 #Resistance: 44265 Buy Above: 44330- 44265 only on 15 minute candle closure Above the level aggressive buy above supply zone. No fresh positions to be...
BANKNIFTY Intraday Trade Setup For 16 Aug 2023 Bullish-Above 44215 Invalid-Below 44105 T- 44475 44737 Bearish-Below 43990 Invalid-Above 44100 T- 43770 43515 BANKNIFTY has closed with a minor cut of 0.24% today. Closing sentiment is bullish BTW as its a pin bar candle in daily TF. So above 44215 if sustained in 15 Min TF we can expect a continuation of today's...
"Good morning! As of August 14th, the global market sentiment is neutral to slightly negative (based on the Dow Jones alone), There is no significant difference from the last session. While the market trend is bearish. Therefore, there might be a start with a minor gap-down. After that, if the market takes a pullback around the immediate support zone, we can...