Good morning! As of July 24th, the global market is indicating a negative start, with GIFT Nifty showing a -40 point decrease. The market nature is moderately bullish, but there is a possibility of a slight gap-down opening. after that If it takes a pullback, then the range will continue; however, if the gap-down sustains, we can expect correction continuation....
While BN is yet to achieve its short term target. Combining with nifty, while nifty fill then gap BN can make its short term target and then reverse with nifty. Stay cautious, and do not trade random.
Banknifty has been travelling with a good moment and has formed a nice green candle gaining 2.8% (1255 points) on the weekly close. Nifty didn't support the up move on friday due to the IT sector fall and banknifty finally closed only 100 points lower. On there daily charts, a doji candle has been formed. Either it is a halt candle or a reversal candle, no...
BANKNIFTY Intraday Trade Setup For 24 Jul 2023 Buy-Above 46265 Sl-46155 T- 46530 46852 Sell-Below 45920 Sl-46030 T- 45640 45404 BANKNIFTY has closed on a slight bearish note last Friday by making a shooting star candle in daily TF. Weekly candle is bold with 2.8% gain. So above 46370 we will resume the up move. But below 45920 if sustained we may start the...
Banknifty on the other hand was staying strong today, although it opened gap down, it closed down the distance in the opening 5mts itself. After hitting a new ATH of 46369.5, it started falling gradually. Banks were not at all looking weak today. Infosys fell due to poor guidance & Reliance fell after the demerger activity. Financial sector along with pharma...
Good morning, friends. Sorry for the late post; I couldn't predict the opening market, so there was a delay. The BankNifty is moving a little bit neutrally, and it will likely experience some minor consolidation between today's high and the Fib level of 38%. After that, if it breaks today's high, we can expect a rally continuation. On the other hand, if it breaks...
Hi guys, A bullish breakout of more than 18 month long consolidation has been oberved in NSE:KOTAKBANK . If it managed to close above the trendline today then we can create a fresh position in the scrip at todays closing. sl and targets will be shared later. Exit the position if the stop loss is triggered on WCB. DO YOU WANT ALL MY RESEARCH FOR FREE THEN...
After Showing strong Bullish Pressure towards new ATH, price showing strong bearish pressure. price also forms a inside candle, and yesterday shows a strong bullish momentum again. if this bullish momentum sustains...or falls again. Considering that inside candle as consolidation at Previous ATH levels, and shows us a bullish momentum, so if we consider this...
Nifty had very steep rally, so nothing much to analyse, where BN structure is still trade-able as support zone is nearby. Buy on dip suitable, more then intraday, positional trades are more beneficial. watch for first hr to confirm the clear direction small scalp trades would be good, big move is less probability.
Banknifty Tomorrow: Sideways to BEARISH Demand and Supply Zones - When price breaks the zone, Demand zone will become Resistance and Supply zone will become Support. Refer the chart for detailed Intraday Support and Resistance levels. Happy Trading!!
BANKNIFTY Intraday Trade Setup For 21 Jul 2023 Buy-Above 46260 Sl-46150 T- 46530 46852 Sell-Below 45980 Sl-46090 T- 45750 45510 BANKNIFTY has closed on a super bullish note with more than 1% gain today. It opened flat and then buy triggered as per trade setup. Trade hit both our targets very smoothly (45710-46250+). After buy was triggered it hovered near cost...
Banknifty also outperformed this week, between the last expiry & today it is up 1443pts ~ 3.23%. Unlike Nifty50 my positional call on Banknifty did not go wrong, that was mainly because we negated a bearish trend line this week. Usually when the trendlines are broken the breakout momentum is so strong that it could take the index to an overbought level...
Bank nifty has given a breakout for upside. Chances are high that we can see huge momentum for upside.. So take your trade accordingly. take hero zero trade in banknifty for upside. Buy banknifty46000 ce at 45 now keep stop loss at 13 targets 85/135/175/225+ Trade with less qty, always follow strict stop loss Disclaimer:- Please always do your own analysis or...
Banknifty managed to close at top of the day. Also 2 days range has gone tighter in triangle. Also we have expiry tomorrow, we can get good move by tomorrow or day after if not tomorrow. RR is not suitable with current set up on chart, intraday may be we can get good buy on DIP trade. Nifty is more clear then BN as yet.
Please look at the bank nifty chart on 3 minute time frame a better view of the structure....rest you guys are smart..................very smart
Today will be FLAT opening in BANKNIFTY . After opening if banknifty sustain above 45550 level then possible upside rally of 400-500 points upto 45950 Level. And this rally can extend for another 400 points if it gives breakout of 46050 level. Any Major downside only expected in case banknifty starts trading below 45450 level.
Good morning! As of July 20th, the global market is indicating a positive start with GIFT Nifty showing a +2 points increase, resulting in a moderate bullish market sentiment. There is no significant difference compared to the last session, and there is a possibility of a slight gap-up opening. If the market maintains its structure, we can expect a rally...
The FASP for BankNifty is listed for 20-07-2023. 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...