A clear bullish engulfing candle and a dragon fly doji on the daily charts shows some bullishness in the indian markets. Nifty has given a U shape recovery today, after crossing 19530 levels market looked good for selling but it reversed after 100 points fall from the day high. Today's market was totally unpredictable as it started consolidating after the fall...
BANKNIFTY Intraday Trade Setup For 10 Aug 2023 Bullish- Above 44925 Invalid-Below 44815 T- 45140 45355 Bearish- Below 44530 Invalid-Above 44640 T- 44250 44000 BANKNIFTY has closed with a minor cut of 0.19% today, but it closed on a positive sentiment as it has formed a Pin bar candle in daily TF. It opened flat and sell triggered as per setup and first target...
Banknifty Idea #Current Price- 44982 #Resistance- 45054 #Support- 44892 #Target 45131 And 45216 we can expect after a break of Resistance #Target 44795 And 44688 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 is weaker then nifty, may due to some news. How ever chart shows weakness, Major retracement is due too so first sellers will be trapped and then buyers. above ATH only BN will be strong till then play for small profits only Trend is side ways to bearish
"Good morning! As of August 9th, the global market sentiment is neutral to 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...
The FASP for BankNifty is listed for 08-08-2023. 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 09 Aug 2023 Bullish-Above 45100 Invalid-Below 44990 T- 45355 45613 Bearish-Below 44880 Invalid-Above 44990 T-44585 44250 BANKNIFTY has closed on a slight bullish note with 0.28% gain today. It was yet another day of consolidation. Since last 3 sessions index has been trading without momentum. It has been contracting since last...
Market is showing weakness at these levels. Will be looking for any down moves. There is a little less liquidity in the madcap so beware while trading your setup. Cheers!
Market went sideways. It was a shit show for options buyers like me. Well, Hoping for a good day tomorrow. Cheers!
Market went sideways. It was a shit show for options buyers like me. Well, Hoping for a good day tomorrow. Cheers!
The major reason Nifty50 stayed strong without falling much is banknifty. It did show an attempt to break free from the bearish trend, the opening rush of 279pts till 10.40 is proof for that. From there was loss of steam and a pull back of 204pts. Once this inverted V shape was completed - there was lack of direction or momentum. Options data also indicated a...
Banknifty has been trading between 38.2% to 50% fibonacci level and remained volatile whole day. The market is taking serious resistance from 45k level and today also it tried to cross the level and reversed after hitting the resistance zone of 45100 level. On the hourly chart, banknifty remained between both the moving averages and gave dji after doji. Trend...
BankNifty important intraday levels to watch for 07-08-2023 #Support: 44800 Short if candle closes below 44800 #resistance: 45000 Long if candle closes above 45000 #Targets on downside after break of support. Target 1= 44630 Target 2= 44400 #Targets on upside after break of resistance. Target 1= 45135 Target 2= 45360 Remember each level will act as a...
Good Morning Traders. Banknifty showing negativity on chart. First of all we have seen lower trendline break down and retest in yesterday's session, and we have seen also resistance zone of falling trendline. So overall Banknifty was getting rejection in the zone for 44975-45025. So if banknifty have to move higher then, this resistance zone has to become support...
As we can see the pattern is yet to complete or break its neckline, until then this is not suitable for trading. we can only expect a momentum when on upper side it breaks 45095 levels and on lower side 44279 Nifty has momentum yesterday as it gave breakout of the H&S with gap up & BN did not.
"Good morning! As of August 8th, there is no significant difference compared to the last session. The global market sentiment is slightly positive (based on the Dow Jones alone), while the market trend remains moderately bullish. Therefore, whether it opens with a gap-up or down, it doesn't matter. If the initial market experiences sharp declines, we can...
Finnifty on the daily charts has formed a dojo after a gap up opening and has closed below the 20 ema. DJI has given a bullish candle closing 400 points higher which gives a bullish move prediction in Indian markets too. On the hourly charts market has consolidated in a range of 100 points, closing between both the moving averages. Consolidation in done and...
Banknifty Idea #Current Price- 44833 #Resistance- 44901 #Support- 44774 #Target 45015 . 45090 And 45216we can expect after a break of Resistance #Target 44704 And 44627 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...