Banknifty has given 2 dragon fly dojis and if the market start trading above 42300 levels, nice movement can be captured. The market on the hourly time frame, has closed below 61.8% fibonacci level but between both the moving averages. The market took support around the 41750 levels and closed near 42100 losing 150 points. On the 15 minutes chart, market gave...
uy above 42340 - Target would be 42530 and 42680 SL 42075 Sell below 42030 - Target would be 41875 and 41690 SL-42280 This time i have given with SL also. But you can have your SL with your money management. Disclaimer: Iam not a SEBI registered and not a tip provider and this chart is not indented to take trade in my levels, It is shared here for educational...
Today will be a gap up opening in BANKNIFTY. Expected opening below 42500 Level. After opening possible reversal of 400-500 points from 42450. And this can extend for another 400 points if it gives breakdown of 41950 level. Any Bullish rally is only expected in case banknifty starts trading and sustains above 42550 level.
The FASP for BankNifty is listed for 12-1-2023 . 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...
If Market opens flat and break the resistance go long at retest and if price start consolidating and break down the range go short at the breakdown of trendline In Case of gap up or down wait for price action levels are marked in chart.
If we look at the 5mts chart of NSE:BANKNIFTY , apart from the opening 30mts of volatility - we had a smooth day of trade today. Inline open at 42071 and dip below the support level by 09.20, the next candle perfectly closed below the SR and might have indicated further pain ahead. The option premiums even indicated that the market may fall further - but quite...
Banknifty remained strong and closed 200 points higher around 42200 levels. From the initail hour the index consolidated and remained in a 200 points range forming flag and pole on smaller time frame. The market, on the hourly time frame, took resistance from 20 ema and closed near the moving average and resistance zone. On the 15 minutes chart, banknifty...
Today will be slightly gap up opening in BANKNIFTY . Expected opening above 42000 Level. After opening if banknifty sustain above this level then possible upside rally of 400-500 points upto 42450 Level. And this rally can extend for another 400 points if it gives breakout of 42550 level. Any Major downside only expected in case banknifty starts trading below 41950 level.
Hello Traders, Welcome to SriTrader5121 ____________________________________ BankNifty-11/01/2023-Levels IMPORTENT ZONE FOR THE DAY : 42178 - 42200 Possibilities of Today market open... Possibility 1: FLAT If market open as a FLAT and moves to UP-SIDE then BUY with the Support of H_R and SELL with the Rejection of W_O. (or) If market open as a FLAT and...
NSE:BANKNIFTY fell 1.33% ~ 568 pts today, but the option prices were behaving like we had a 5% fall intraday. Yeah the intensity of the fall was quite strong, but the level in which options premium jumped - its quite hard to believe. What i feel is the Finnifty expiry on tuesday is creating unwanted speculation in Banknifty. This can be proved right if tomorrow...
Banknifty has formed a nice bearish trend on the daily charts. And if the market breaks below 42920, it can test 41650 levels. On the hourly charts, the market respected the 41900 levels and closed above 42k level. It closed below both the moving averages. There is a bearish moving average cross over and market started trading below the previous day low. On 15...
The FASP for BankNifty is listed for 11-1-2023 . 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...
Banknifty 42717 majar resistance break fast move to 43000 reach levels another market 42717 resitance not break 42500 support break market goes to down side price action depend movementum NOTE:- 30 minutes candle ASCENDIND TRIANGLE build up now future decide is today. NOTE:- HEAD AND SHOULDERS PATTERN NECKLINE not break up side fast move down side will be happan,...
Above 43029 , then buy the Bank nifty for the target of 43186 and 43305. Below 42850, then sell the Bank nifty for the target of 42711 and 42607. NSE:BANKNIFTY
Today will be a flat opening in BANKNIFTY. Expected opening above 42500 Level. After opening if banknifty sustain above this level then possible upside rally of 400-500 points upto 42950 Level. And this rally can extend for another 400 points if it gives breakout of 43050 level. Any Major downside only expected in case banknifty starts trading below 42450 level.
Banknifty has formed inverted Head & Shoulder in 15/30 min Time Frame. I'll be entering long once the neckline is broken. Entry: Any closing in 15/30 min above 42750 Target: 1st taget -- 43150; 2nd target -- 43500 SL: Any 15 min candle closing below42500 One can look for conservative entry at the retest of the neckline after breakout.
Banknifty is bouncing from the trendline. Looks very bullish to for new swing high. I'll be going long today seeing the structure formed. Banknifty looks good for a target of 44000 and above
If you go by the levels US markets closed on Friday - SPX 2.28%, NDQ 2.78% we should have started much more strongly today. NSE:BANKNIFTY opened 42404 up 0.44% only and then closed the gap within the first 15mts. The buying momentum was surging in NiftyIT index and Nifty50 which prompted buying in bank stocks as well. We had a rally of 520pts from 09.25 to...