Travelling above 45969, it may easily reach to its full target of 46213, in between 46076 is super strong resistance. Semi burst bollinger band , 45785 is an important level , if price remains above it and crosses standard deviation 2 , then you can take it as full fledge burst of bollinger band, and it may go much higher along side standard deviation3. if...
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...
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...
The FASP for BankNifty is listed for 31-07-2023. 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...
Lookslike a sideways, squeeze in bollinger band.it may take long time to burst, may be in last one hour of monday or in tuesday. Whenever market closes near median line, it remains sideway first half of the day in next trading day. and then it gives nice moves to bursted side. gap up and gap down not considered. if price goes above 45807, after breaking...
BANKNIFTY is currently moving in a big 3,000 point range from 43,400 - 46,400 with 1,000 points support resistance zones and currently finding support at 45,400 area . Longer term outlook remains bullish and might test 46,400 in coming days . Cheers!
BankNifty important intraday levels to watch for 28-07-2023 #Support: 45320 Short if candle closes below 45320. #resistance: 45550 Long if candle closes above 45550. #Targets on downside after break of support. Target 1= 45120 Target 2= 44750-44720 #Targets on upside after break of resistance. Target 1= 45790 Target 2= 46040 Target 3= 46380 Remember each...
Bank Nifty make a double top pattern & breakdown giving already now it can retest those break down levels & after that big fall can be seen in Bank Nifty. But one more scary thing can be seen trendline from 39000 retest almost 3 time but this time Bank Nifty retest it very quick in time now if this trendline broken then can see more downside. R
Banknifty Monthly Analysis Banknifty has moved up 1353pts ~ 3.05% this expiry month, approx 0.7% lesser than Nifty’s movement. One possible reason was the slight retracement between 07 to 14 July whereas Nifty had managed that week pretty well. BankNifty Weekly Analysis Banknifty scored over Nifty during the weekly price move wherein BN lost only 0.85% ~ 391pts...
The FASP for BankNifty is listed for 28-07-2023. 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...
For the last 6 trading day banknifty has been trading inside a range and today it has formed a bearish engulfing candle. Banknifty is taking support from 45600 levels and has been tested many times. If the levels is breached and market starts trading below the levels, there are high chances of market testing 45200 levels. On the hourly charts, not a single green...
BankNifty important intraday levels to watch for 27-07-2023 #Support: 45900 Short if candle closes below 45900. #resistance: 46160 Long if candle closes above 46160. #Targets on downside after break of support. Target 1= 45770 Target 2= 45620 #Targets on upside after break of resistance. Target 1=46320 Target 2= 46490 Remember each level will act as a...
BankNifty important intraday levels to watch for 27-07-2023 #Support: 46155 Long if candle closes above 46255. Target 1 : 46370 #resistance: 46370 Sell below candle closes below 46155 Target 1 : 46000 Remember each level will act as a support and resistance individually
Buy Banknifty If Any Weekly Close Above 46370 SL - 44700 ( Weekly Closing Basis ) Target - 47500/49000
Banknifty on the other hand gave a trend reversal signal in just a day. For nifty we had atleast 3 days in succession. I took some short positions yesterday intraday and was all geared up to further attack by shorting more CALLS today. The opening minutes looked encouraging, so did the period from 10.35 to 11.15 but 2 things went against it. The options data...
As per the chart, you can see new trendline, support, and resistance which will help you to find market direction, and in my view market will be stuck in the range of 45500 to 46250 for this week.
Bank Nifty Swing support at 45860 Bank Nifty Swing Resistance at 46250 expecting reversal trade from Swing Support
No proper price action , no clear trend, no clear levels to play out, stay cautious. Nifty is bearish and BN has no sign of bearishness, jut retracement. So big move is not possible as both index are not in line, BN may hit the target first then reverse and get in line with nifty.