Nifty is at ATH but BN yet to close above ATH. It still shows the attempt buy bulls, but struggle here is for real. there is a possibility to open gap up go lower on intraday and then reverse from resistance turning to support and close above ATH. combining it with nifty a pull back for retest is due, so that makes sense. Let bears digest the fact they failed,...
BankNifty, the banking index in the Indian stock market, currently shows a promising setup for short selling. Based on technical analysis, it is recommended to consider initiating short positions within the range of 44508-44722. This range is believed to offer favorable selling opportunities in the market. The primary profit targets for this short-selling...
Bank nifty ended in range bound on expiry day. Today if it breaks 44500 level then we can see up to 44800 level. There is a trendline rejection from 44715 to 44831. if it breaks these levels then we can see 45000 level. As finnifty would also cross the 20000 level at the same time.
Today will be gap up opening in BANKNIFTY . After opening if banknifty sustain above 44550 level then possible upside rally of 400-500 points upto 44950 Level. Any Major downside only expected in case banknifty starts trading below 44450 level. also possible Reversal upside from 44050 level.
"Good morning! As of June 30th, there is no significant difference compared to the last session. the global market is showing a positive start with bullish market sentiment. It might open with a gap-up. After that, if it rejects the immediate resistance zone, we can expect a minor correction for rally continuation. Alternatively, if the correction breaks the Fib...
Nifty, finally, tested the 19k levels but couldn't sustain above it. After the gap up opening above 18900 it travelled and touched the higher levels. The index was strong as compare to the other indices and closed near the higher levels. On the hourly charts, there is a flag and pole pattern. As market consolidated in the second half of the trading...
Banknifty on the daily charts has formed a doji near the high and finally crossed but couldn't sustain above 44500 levels. Market after a gap up opening came for a gap filling and consolidated whole day being expiry in the second half. There was both side movement as there was expiry and option premiums too where volatile whether it was call or put. During the...
BANKNIFTY Intraday Trade Setup For 30 Jun 2023 Buy-Above 44510 Sl-44400 T- 44716 44932 Sell-Below 44240 Sl-44350 T- 43995 43778 BANKNIFTY has closed on a bullish note last day with 0.47% gain. On 26 Jun EOD we planned our trade as per the symmetrical triangle breakout. Breakout happened in the upside and buy triggered above 43690 and index just exploded for a...
Banknifty current level 43617 Support : 43520. Resistance : 43820. Buy above 43820 for the upward targets marked in red line. Sell below 43520 for the downside targets marked in green line. Initiate trade only on 15 minute candle closure, or wait for it to make a price action above or below levels before entry. Always keep SL as per your risk...
Quarterly Analysis of BankNifty — 31 Mar 2023 to 28 Jun 2023 Banknify gained an impressive 4412pts ~ 11.05% in Q1 FY2023–24. During this process it took out 11 crucial resistance points to finish at the ATH. The upmove was quite strong till 15th May after which BN started trading sideways. Status quo changed on 27th when it broke through the final resistance point...
Banknifty analysis for today's expiry:- Yesterday was a good day for all traders who was a trend trader. We have seen huge buying momentum in all indian indices. Banknifty also has given significant move from bottom after 1pm. From global everywhere green green today, American Market also has given rally in yesterday session, just because of that our Market...
"Good morning! As of June 28th, the global market is showing a positive start with bullish market sentiment. It might open with a gap-up. After that, if it rejects the immediate resistance zone, we can expect a minor correction for rally continuation. Alternatively, if the correction breaks the Fib level of 38%, it might turn the range market into a correction."
Sequent is looking attractive at this level and showing signs of a trend reversal from downside to upside. Keep a close watch and try to catch the move with your Swing trending set-up. Disclaimer - I am not a SEBI-registered technical analyst and advisor so contact your financial advisor and make a self-decision. I will not be responsible for any profit and loss
BankNifty Future Analysis for Tomorrow 27th June 2023 As per our #analysis for #BankNiftyFuture, we are expecting these Intraday levels Tomorrow, kindly check the charts on 15 min time frame and act accordingly. #IntradayLevels Disclaimer: All the provided levels are for #educational purpose only, please do your own analysis before doing any trade in the live...
In today's trading session, HCL tech gave the breakout of the resistance line. We can see a consolidation before a breakout. it is a single that this breakout can sustain above the breakout zone. Let's see the game. Disclaimer - I am not a SEBI-registered technical analyst and advisor so contact your financial advisor and make a self-decision. I will not be...
BN opened at 43804 and then had a flattish price move till 13.00 after which it propelled forward like a rocket. Interestingly Finnifty's chart (which we will discuss shortly) had more thrust compared to BN & N50. The 470 pts rally we had from 13.05 to close was nothing short of remarkable. Initially the momentum was slow, but as soon as the short covering...
BANKNIFTY Intraday Trade Setup For 28 Jun 2023 Buy-Above 44195 Sl-44085 T- 44510 44715 Sell-Below 43900 Sl-44010 T- 43690 43490 BANKNIFTY has closed on a bullish note with 1.1% gain today. yesterday a symmetrical triangle was plotted in the trade setup. Breakout happened in the upside and explosive move came. Buy triggered as per trade setup above 43690 and hit...
Bank Nifty Trading in a narrow range in coming few days we can expect a breakout/breakdown. BNF is at a Important Support Level including 200 EMA Support as well, if it breaks we can expect a sharp down-move after a retest at the support levels.