Banks were just continuing the trend from yesterday. The first candle saw a swing of 247pts ~ 0.56%. From there they were holding it steady till 12.40. Something interesting happened at the 13.00 candle which was a strong green of 128pts. HDFCBK, ICICI, SBIN, AXIS all were shooting up. What happened right after that was a super spike in RELIANCE (up 1.38%...
BankNifty important Intraday levels to watch are as follows Expectations: Trending Day #Support: 44420 Sell below: 44420 only on 15 minute candle closure below the level. Target 1: 44230 Target 2: 44050 #Resistance: 44605 Buy Above: 44605 only on 15 minute candle closure Above the level agressive buy above supply zone. Target 1: 44820 Target 2:...
Banknifty Idea #Current Price- 44544 #Resistance- 44603 #Support- 44490 #Target 44727, 44830 And 44922 we can expect after a break of Resistance #Target 44410 And 44315 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...
"Good morning! As of August 11th, the global market sentiment is neutral to slightly negative (based on the Dow Jones alone), while the market trend is moderately 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 expect a minimum 38% pullback. or if it breaks...
Bank nifty coming near to its big ranges low. Chances for trap can be higher but wait for price action for good breakout reward.
BANKNIFTY Intraday Trade Setup For 11 Aug 2023 Bullish-Above 44735 Invalid-Below 44625 T- 44980 45290 Bearish-Below 44410 Invalid-Above 44520 T- 44170 43907 BANKNIFTY has closed on a bearish note with 0.76% cut. Yesterday closed on a bullish note although there was slight cut. It was discussed that 44700 zone will act as a support zone in case of a gap down. It...
BankNifty Weekly Analysis Between the last expiry and today, banknifty has fallen 34pts ~ 0.08% (flattish). Compare this to Nifty which rose 0.8%. In our markets banks are the leading indicator, whereas in the US its the non-banks. That is why professionals look up to banknifty in India and Nasdaq in the US as leading indicators of trends. BankNifty Today’s...
Banknifty from the first hour was looking weak and whole day traded lower than nifty. It has given a red candle and closed 340 points lower forming a doji. Still banknifty respected the previous swing but has started closing below previous day closing range. This week till now has given more of losses as there is no clear trend in the market. In the second...
Market are very volatile and is killing profits for option buyer. Today's market was good in the first half as it gave a nice bearish movement but got jittery in the second half. Being expiry, no trending market was seen even in the closing hour and nifty closed 90 points lower forming another lower wick rejection doji. On the daily charts, market is seriously...
BankNifty important Intraday levels to watch are as follows Expectations: Volatile day #Support:44760 Sell below: 44760 only on 15 minute candle closure below the level. agressive sell below demand zone. Target 1: 44520 Target 2: 44280 #Resistance: 44920 Buy Above: 44920 only on 15 minute candle closure Above the level agressive buy above supply zone. Target...
"Good morning! As of August 10th, the global market sentiment is slightly negative (based on the Dow Jones alone), while the market trend remains moderately bullish. There is no significant difference from the last session. Therefore, whether it opens with a gap-up or down, it won't matter. If the initial market experiences sharp declines, we can anticipate a...
Hi All, Banknifty is forming falling channel already broke and retested yesterday. 45092 will act as immediate resistance on upper side. If that breaks channel target 44550. Please consider this is for educational purposes only and consult with your financial advisor before taking any trade.
banknifty is forming vcp pattern. We can see three touch on upside which is acting as a resistance and two bottom touch on trendling which is forming compression. In upcoming days we can see breakout on downside or upside let' see...!
#We Make Only Profit. #HDFCBANK #BANKNIFTY #NIFTY50 #NIFTY #SENSEX #TATA Intraday trading involves buying and selling options within the same trading day, rather than holding them for an extended period. By adopting this approach, traders can make profits by capitalizing on the short-term price movements of the underlying asset.22-Apr-2023 Is option buying good...
Banknifty had a perfect W like pattern formed in the 5mts TF. Even though the rally from 13.50 to close was inspiring, it was not as fierce as on Nifty50. The fall of 441pts ~ 0.98% steals the limelight today. Now was the 380+ pts reversal from the intraday low to close due to the RBI MPC outcome expectation tomorrow? Some facts to consider. The vegetable,...
A bu;lish Flag and Pole Pattern has been observed on daily charts in NSE:INDIGOPNTS one can look into it to create a fresh position in the scrip at cmp of 1500 or below with stop loss of 1420 and for targets of rs 1575/1650/1725/1800/1875 Exit the position if the stop loss is triggered on WCB. DO YOU WANT ALL MY RESEARCH FOR FREE THEN DON'T FORGET TO FOLLOW...
Banknifty Idea #Current Price- 44881 #Resistance- 44918 #Support- 44796 #Target 45006 And 45103 we can expect after a break of Resistance #Target 44677 And 44582 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 tested lower levels but has closed in the same range as the previous 2 days. On the hourly charts, it has again closed between both the moving averages. It gained 200 points in the last hour signifying some bullish movement in coming days. Both buyer and seller took charge today. Seller where in control in the first half of the session but buyer pushed...