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...
Banknifty has taken upper Trendline resistance of Swing highs and can be a shorting opportunity with small risk. And India VIX being too low, there is less chances for market to go up
BN had a different style of price action today comparing with N50. The open was gap-up & the rush to hit the HOD at 09.55 was similar. But what followed from there had minor changes. 1. The fall of 0.69% ~ 312pts from the top did have an impact on the momentum 2. Unlike N50, BN did not persist at the HOD levels after the first retracement. N50 had 3 more attempts...
Banknifty has finally crossed and sustained above 45000 levels and has been giving gap up after gap up for last few trading session. The market gained some momentum in the first hour and has consolidated whole day after it, remaining in the first hour candle itself. India VIX is trading around 10-11 which is helping markets to travel new high. It is also...
For the last 4 trading session, market has been giving gap up and showing positive momentum. On the daily charts, market again has given 130 points move. The market remained in the first hour candle and gave close near the day high. There are less opportunity for intraday traders as the gap up take away the move. The time is for the positional and swing...
Banknifty Important intraday levels are as follows, #Support: 44700 Short if 15 minute candle closes below 44700. Scalpers may use 5 minute candle closing. #resistance: 44790 Long if 15 minute candle closes above 44790. Scalpers may use 5 minute candle closing. #Targets on downside after break of support: Target 1= 44600 Target 2= 44450 #Targets on upside...