BANK NIFTY is getting ready for some good momentum. as mentioned if sustains Long side momentum getting active. Target- yesterdays day high - 45600 650
Today will be gap up opening in BANKNIFTY . After opening if banknifty sustain above 45550 level then possible upside rally of 400-500 points upto 45950 Level. Any Major downside only expected in case banknifty starts trading below 45450 level. also possible Reversal upside 45050 level.
Banknifty is taking support from monthly trendline and it is also taking support from the daily trednline(red). if it both the support breaks then we can see good down fall till 44800 level. If it takes support we can see upto 46000 level. buy above 45327 target 45465,45576,45653,45792,45997 sell below 45100 target 450045, 44937,44819,44703
"Good morning! As of July 5th, the global market is showing a neutral start with a bullish market sentiment. It might open with a minor gap-up. After that, if the market breaks yesterday's high, we can expect a continuation of the rally. Otherwise, it could enter a range market or takes a correction."
Banknifty trade plan depends on the opening levels. Since market closed where it opened, but movement was volatile at rejection near to day's high. A good and safe buy would be above today's high and also if price sustain above it. A sell would be good when Price give breakout of today's high and fails to sustain above it i.e false breakout. Either way,...
BANKNIFTY Intraday Trade Setup For 05 Jul 2023 Buy-Above 45660 Sl-45550 T- 45950 46250 Sell-Below 45220 Sl-45330 T- 44975 44730 BANKNIFTY has closed with positive gain of 0.32% today. Last week we expected a target of 1150-1200 points above our buy level- 44500. Target almost achieved today (44500-45655). Our TSL is still intact. If a daily candle closes below...
Banknifty has formed a perfect doji on the daily time frame and has closed 150 points higher. On the hourly time frame, the market was volatile in the second half. A single hour candle tested 45650 levels and closed around 45300 levels. On 15 minutes charts, market closed below the 20 EMA in the morning hour but came back proving it a fake down. And finally has...
Another fap up day in nifty. Today market on remained volatile and has formed a dragon fly doji. The market has closed gaining 66 points and has consolidated whole day, closing near the opening price. On the hourly charts, market remained in the first hour candle and gap filling trade was there in the first hour. Nifty has been respecting the 20 EMA, on 15...
BN chart is interesting today, again just like N50 we had a falling 45mts open wherein BN lost 0.8% to go below prev. close. From there it reversed and then rallied 1.46% ~ 655pts to hit a new ATH of 45655 by 13.30 mainly due to the rally in SBIN, KOTAKBANK. PNB +5.94%, FEDERALBANK +3.49% even though their weightage on the index is not that heavy. Again the PUT...
the banking index looks set to show further higher zones with ups and downs dont feel it is difficult for it to kiss 50 k mark in months to come
Banknifty did not break day's high yesterday, where is nifty did Banknifty seems to face struggle, so wait for a dip to make position for better RR trade set up.
Nifty the benchmark is currently placed at 38.2% retracement along with 20 ema on the weekly chart! The 17500-17550 zone has multiple moving average clusters . the trend is still strongly in favor of bulls the index is placed at trendline support too. the major concern: the open = high candle formed due to poor infy results is a pain point. talking...
Banknifty Important intraday levels to watch; #Current price : 45176 #Support : 45090-95 Short if candle closes below 45090. #resistance: 45250 Long if candle closes above 45250. #Targets on downside after break of support. Target 1= 44880 Target 2= 44720 Target 3= 44500 #Targets on upside after break of resistance. Target 1= 45350 Target 2 =...
Today will be gap up opening in BANKNIFTY . After opening if banknifty sustain above 45050 level then possible upside rally of 400-500 points upto 45450 Level. Any Major downside only expected in case banknifty starts trading below 44950 level. also possible Reversal Downside 45450 level.
Banknifty has broken the monthly resistance in a day. We need to watch if it's going to survive or will it take reversal from this level. Buy above 45262 target 45327,45465,45593 Sell below 45100 target 45006, 44854,44747
"Good morning! As of July 4th, the global market is showing a neutral start with a bullish market sentiment. It might follow the previous rally. If it experiences a pullback similar to that, we can expect the rally to continue with a minor correction. On the other hand, if the initial market experiences a sharp decline, we can anticipate a 23% to 38% Fib correction."
FInNifty looking bullish! Expecting a big upside move before expiry this tuesday i.e. 20th of June. Good volumes on monday will take it beyond 19600 hopefully. Very hopeful here! Expecting support from all retailers' sentiment. Fingers crossed
BANKNIFTY Intraday Trade Setup For 04 Jul 2023 Buy-Above 45355 Sl-45245 T- 45665 45928 Sell-Below 45040 Sl-45150 T- 44747 44447 BANKNIFTY has closed on a bullish note with almost 1% gain today. After the daily range breakout above 44500 it is giving non-stop momentum. We will keep on riding this swing position till our TSL is hit. If a daily candle closes...