Finally market has closed below 20 ema and closed below 45k levels. There is a doji candle on the daily charts after touching a low of 44750 levels. RSI is also showing bearish divergence on the higher time frame and after testing the new highs Banknifty is retesting the lows. On the hourly time frame, a tweezer bottom pattern has been formed after touching the...
BANKNIFTY Intraday Trade Setup For 03 Aug 2023 Bullish-Above 45135 Invalid-Below 45025 T- 45410 45687 Bearish-Below 44720 Invalid-Above 44830 T- 44467 44215 BANKNIFTY has closed on a bearish note with 1.31% cut today. It opened with a big gap down today and it was sustained. All sell targets were hit although 10 o'clock range was valid as per analysis in...
Banknifty Prediction Tomorrow: BNF looks very weak and No strength on the upside, also we have strong resistance around 45900/46000 where we can expect sharp sell pressure. So changing my view towards BEAR side until BNF test hourly timeframe 200 EMA which is still pending to be tested. If BNF reverses, we can expect 45100/45000 before expiry. Demand and...
#BANKNIFTY... Intraday as well as swing trade All levels given in charts ... IF good potential seen then we work in options also if activate then possible a good movement Keep eye on this ... We take trade only when it activates... Possible to give good target TRADING FACTS
"Good morning! As of August 2nd, the global market sentiment is negative (based on Dow Jones only), and the market nature is moderately bearish. Therefore, it might begin with a minor gap-down. Following that, if the market rejects the immediate support, we can expect it to move within a range-bound structure to pullback continuation. This is because there is an...
Bank Nifty Actionable Idea #Current Price- 45598 #Resistance- 45636.75 #Support- 45469.75 #Target 45754.70 And 45854.10 we can expect after a break of Resistance #Target 45359.55 And 45256.85 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...
Banknfty fell 309pts ~ 0.68% from the day’s high to the day’s low. The gap up open was a surprise but the fall wasn't. Unlike Nifty, banknify is out of bearish hold yet. However the inability to push down prices even after getting an initial momentum during the day may not go in favor of the bears. The top formed today (encircled in blue) may be considered as...
Nifty has given a flat closing after gap opening and remained jittery through out the trading session. There was a profit booking initially and after that neither buyers nor sellers took over and formed doji after doji. On the hourly time frame, market took support from the 20 ema and closed near the levels. Market took money of option buyers and consolidated...
Markets are forming inside candle and has closed flat losing only 58 points. Banknifty has been taking resistance from 50% fibonacci levels and is taking rejection from it. It is respecting the fibonacci series and is forming a bearish pattern A fall and now retest of 50% fib levels shows some bearish move prediction. For last 3 trading session market has...
BANKNIFTY Intraday Trade Setup For 02 Aug 2023 Bullish-Above 45640 Invalid-Below 45530 T- 45905 46135 Bearish-Below 45470 Invalid-Above 45580 T- 45240 44950 BANKNIFTY has closed with a minor cut of 0.13% today. Buy triggered as per trade setup which hit sl. However 10 o'clock range broke before that and this gave 180+ points gain if considered. Since last 3...
BankNifty important intraday levels to watch for 31-07-2023 #Support: 45240 Short if candle closes below 45240 #resistance: 45500 Long if candle closes above 45500 #Targets on downside after break of support. Target 1= 45040 Target 2= 45800 #Targets on upside after break of resistance. Target 1= 45670 Target 2= 45790 Target 3= 45980 Remember each level will...
Good morning! As of August 1st, the global market has a slightly positive sentiment (based on only Dow Jones), and the market nature is moderately bullish. Therefore, it might start with a minor gap-up. After that, if the market rejects the immediate resistance, we can expect a minor correction. On the other hand, if it breaks through, it moves your target to the...
BANKNIFTY Intraday Trade Setup For 01 Aug 2023 Bullish-Above 45700 Invalid-Below 45590 T- 45901 46135 Bearish-Below 45470 Invalid-Above 45580 T-45240 44950 BANKNIFTY has closed with positive gain today of 0.4% today. Buy triggered as per trade setup above 45530 and gave 150+ points gain, although our expected target was not met and it closed. It has formed an...
Bank Nifty Actionable Idea #Current Price- 45629 #Resistance- 45696 #Support- 45558.85 #Target 45794.80 And 45933.70 we can expect after a break of Resistance #Target 45475 And 45395.90 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...
The FASP for BankNifty is listed for 01-08-2023. 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...
Weekly Timeframe is bullish Daily Timeframe has tested the demand zone 4HR timeframe has tested it's structure
Banknifty did not disappoint the bears as much as Nifty did today. The day began with a gap down right at the swing low of yesterday and in no time we reached the 45380 levels. From there we had a gradual drop to the intraday low of 45238. There was a pullback of 272pts ~ 0.6% but bears managed to close the day with a total cut of 0.46% ~ 211pts below yesterday’s...
bank nifty major support and resistance for tomorrow trading in my view yesterday also worked perfect see my last post