You wont believe banknifty only fell 0.24% vs Nifty50 0.28%. But if you look the chart pattern, the feeling you get is total bearishness. This is mostly due to the previous session's price action & a continuing lower high pattern. The 09.20 candle itself fell by 162pts, and then the late selling adjustments in HDFCBK, ICICI, SBI & profit taking in Kotak Bank all...
BankNifty Important intraday levels to watch for 12-07-2023 #Support: 44700 Short if candle closes below 44700 #resistance: 44920 Long if candle closes above 44920 #Targets on downside after break of support. Target 1= 44520 Target 2= 44260 #Targets on upside after break of resistance. Target 1= 45150 Target 2= 45400 Target 3= 45650 Follow us for more such...
Good morning! As of July 12th, there is no significant difference compared to the last session. The global market is showing a positive start with moderately bearish market sentiment. It might open with a gap-up. If it sustains, we can expect the continuation of the pullback. after that if it rejects the immediate resistance zone, it will turn into a range market...
According to Keltner channel Bank Nifty spot taking strong support at 44745 , but if it crosses down its current low which is 44662, then it may travel to the level of 44427. if it crosses above 44849 then it may also travel to 45195 upside. if it spends an hour in between 44662 to 44849 then it may remain in this range for whole day.
Banknifty had a classic bearish pattern today. Opening gap up which was due to positive handout from global markets, then a rally of 205pts till 12.05. From there BN really lost the cool and was falling heavily. We had a total fall of 475pts ~ 1.05% till 15.05. If you compare the same time frame with Nifty - you will understand how N50 fared better. It did fall...
The FASP for BankNifty is listed for 12-07-2023. 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...
BankNifty Important intraday levels to watch for 10-07-2023 #Support: 44840 Short if candle closes below 44840 #resistance: 45096 Long if candle closes above 45100 #Targets on downside after break of support. Target 1= 44720 Target 2= 44520 #Targets on upside after break of resistance. Target 1= 45230 Target 2= 45400 Target 3= 45650 Follow us for more such...
Observations: 1.price opened in a demand zone and failed to take the price up wards... 2.The hidden demand zone acts as support and price moves up... 3.Yesterday's demand zone resist the price to go up....and price falls back... 4.while breaking the demand zone price, leaves a bearish gap and continue its fall till the hidden demand zone... 5.Bullish gap is still...
The FASP for BankNifty is listed for 10-07-2023. 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...
Banknifty was diverging with Nifty50 early in the day. When N50 was rallying till 10AM, BN was just holding ground unable to go up. The fall that followed was when both of them had correlation. BN was showing weakness yesterday also, esp in the 14.05 to 15.10 move yesterday. Today BN after opening gap down could not even climb back to yesterday's close level. 3...
BankNifty Important intraday levels to watch for 07-07-2023 #Support: 45250. Short if candle closes below 45250 #resistance: 45420. Long if candle closes above 45420 #Targets on downside after break of support. Target 1= 45000 Target 2= 44720 #Targets on upside after break of resistance. Target 1= 45648 Target 2= 45750 Follow us for more such information...
Weekly Analysis BankNifty Between the last expiry & today, banknifty has gained 923pts ~ 2.08%. The rally not as neat as Nifty50 but more than enough to get the job done. Remember BN hit a new ATH this week. Today's Analysis BankNifty did not follow N50 initially, for a noticeable time BN was hinting at a sideways move. HDFCBk started the day in red, ICICI &...
The FASP for BankNifty is listed for 07-07-2023. 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...
The FASP for BankNifty is listed for 06-07-2023. 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...
Banknifty's chart was looking quite different from that of Nifty50 today. This might be because of the -3.18% fall in HDFCBK. Finnify was looking weaker as the HDFC also weighed its -3.07% loss. Earlier in the day N50 was struggling to stay green after this duo tanked. BN followed a falling channel today, the rally in last 30mts made a difference but was not...
Banknifty after forming an ATH has formed an evening doji at the highs which is at the trendline on the weekly charts . A move below todays low of 45,000 might trigger some sharp pullback after a decent rally. Follow @piyushrawtani for more
Bank Nifty Moving within first 15 minutes candle since morning. breakout of either side will be interesting to see.
BankNifty Important intraday levels to watch for 05-07-2023 #Current price: 45283 #Support: 45230 Short if candle closes below 45230. #resistance: 45400 Long if candle closes above 45400. #Targets on downside after break of support. Target 1= 45000 Target 2= 44880 Target 3= 44700 #Targets on upside after break of resistance. Target 1= 45650 Target 2 =...