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FASP levels for Bank Nifty 05/06/2023The FASP for BankNifty is listed for 05-06-2023. 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 under various Timeframes. It is an extensively analyzed level to draw the support and resistance levels for the next day. You can use these levels along with your trade setup to increase your winning odds. Validity of the levels: 1 Day How to use these levels? The three levels on both sides are usually easily achievable. The Targets above are bit difficult to achieve in a single trading session. I use this fact to write intraday positions and to buy options. Color Coding: Green is regular support and buying area, Red is strong exit area Disclaimer: This is shared in the interest of educational purpose and for knowledge enhancement. Kindly refer it in the same light. I am not responsible for any profits or loss incurred based on this information.
NSE:BANKNIFTY
by SathishChandrasekaran
Banknifty weekly analysis for 05/06/23.Banknifty is sustaining at the higher levels and created a new ATH of 44500, Though on the weekly charts, a red candle is formed still the markets are around 44000. Markets have been taking support around 43500 previously and can test the same levels in coming week. The market has been testing 20 ema on the weekly time frame as a support and 20 ema as resistance on houly charts. The market has been forming lower low lower highs and is still on the higher levels. Support :- 43830, 43700 Resistance :- 44050-150, 44500 THe market has reversed from 44150 levels and if the market enters 44050-150 range enter on after it closed above or below the levels. Wait for the price action near the levels before entering the markets.
NSE:BANKNIFTY
by Mambotrade
FASP levels for Bank Nifty 02/06/2023The FASP for BankNifty is listed for 02-06-2023. 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 under various Timeframes. It is an extensively analyzed level to draw the support and resistance levels for the next day. You can use these levels along with your trade setup to increase your winning odds. Validity of the levels: 1 Day How to use these levels? The three levels on both sides are usually easily achievable. The Targets above are bit difficult to achieve in a single trading session. I use this fact to write intraday positions and to buy options. Color Coding: Green is regular support and buying area, Red is strong exit area Disclaimer: This is shared in the interest of educational purpose and for knowledge enhancement. Kindly refer it in the same light. I am not responsible for any profits or loss incurred based on this information.
NSE:BANKNIFTY
by SathishChandrasekaran
FASP levels for Bank Nifty 01/06/2023The FASP for BankNifty is listed for 01-06-2023. 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 under various Timeframes. It is an extensively analyzed level to draw the support and resistance levels for the next day. You can use these levels along with your trade setup to increase your winning odds. Validity of the levels: 1 Day How to use these levels? The three levels on both sides are usually easily achievable. The Targets above are bit difficult to achieve in a single trading session. I use this fact to write intraday positions and to buy options. Color Coding: Green is regular support and buying area, Red is strong exit area Disclaimer: This is shared in the interest of educational purpose and for knowledge enhancement. Kindly refer it in the same light. I am not responsible for any profits or loss incurred based on this information.
NSE:BANKNIFTY
by SathishChandrasekaran
Banknifty daily analysis for 01/06/23 (weekly expiry).Banknifty tried to gain some point in the last hour of the trading session and has formed a dragon fly doji on the daily chart. It closed above the 44100 levels. On the hourly time frame, the market has started trading below the 20 ema and took resistance from it. The market gave break down of 44250 levels and has retested the same levels. Support :- 43835, 43400 Resistance :- 44250, 44450 The market has consolidated, gave a break down and has also retested it. If the market starts trading below 44k levels it can test lower levels too. wait for the price action near the levels before entering the market.
NSE:BANKNIFTY
by Mambotrade
Banknifty daily analysis for 31/05/23Banknifty has been holding itself at the ATH and has formed a range of 200 points in which its trading. The market has gained some points during the last hour of the session and has closed above 44400 levels. The market is taking resistance around the round number figure of 44500. On the hourly time frame, the market has been trading above the 20 ema. Banknifty in the last hour has crossed the day high and closed above it. There are chance of market forming new high as the market is sustaining at the high and has created a break away gap. If the market starts trading below the 44250 levels it can test 44000 levels. Support :- 44260, 44120 Resistance :- 44500 For futher resistance round number figure can be taken. Wait for the price action near the price level before entering the market.
NSE:BANKNIFTY
by Mambotrade
Bank Nifty 30th May 2023Special markings in Red, blue and Green solid lines are very important areas and opening of the trade in the morning gives us a reasonable idea along with other factors as to how the day should proceed. If you have been following the levels from the previous charts by now you would have seen the importance of how correctly marked areas worked . we can visualize from the chart where a trade with defined risk can be taken. The dotted lines in red blue and green can be tagged incase of a break on either side. The dotted lines ate the untouched VAH, VAL or poc which can be tagged. If you carefully watch the previous charts you will understand how the dotted lines get tagged during the course of the day Keep following for live market updates.
NSE:BANKNIFTY1!
by SABMR