Banknifty has taken a good support from 20 Dma and formed an inside candle.
The market as predicted took a halt and nice targets on the either side can be captured in the coming days.
On the hourly chart, the market took support form the moving average and closed gaining 200 points. There is a bullish moving average cross over.
The market after a initial up...
Today will be flat opening in banknifty . Expected opening above 43000 level. After opening if banknifty starts trading above 43050 level then expected further upside rally upto 43450+ level and this can be extend for another 400-500 points in case banknifty gives breakout of 43550 level. Any major downside only expected below 42950 level.
Banknifty is strong and has given a dragon fly doji on the monthly chart. The market has formed an inside candle and closed gaining 3% on weekly time frame.
Even on the daily time frame, the market has formed an inside candle and took support from 20 ema.
Banknifty has been respecting the support of moving averages and has closed near the 43k levels.
Both the...
Happy New Year 2023!!
In this video, I share my analysis for Bank Nifty for short term overview. I use my own technique called FASP to identify the immediate targets for the index.
These levels are important to recognize where the key resistance and support points exist. Map these levels to your charts and explore how it works for you.
Wish you a very happy...
Banknifty standing just above a strong support of 42966.
if banknifty crosses above 43113 then it may also cross 43266 and may reach to the level of 43418.
between 43266 to 43418 is also an extremely strong resistance zone .
If Bank Nifty crosses over 43418 then it may also cross 43571 and may reach to the level of 43713.
if banknifty crosses down below...
Quite a boring day today with bank nifty, maybe the bulls would have already started partying for the wonderful year they had in 2022.
21% return on investment for bank nifty this current calendar year - why would the bulls not party?
BN gap'd up at 43401 and was falling gradually, there was an interesting candle at 09.30 & equally interesting counter move at...
Today will be gap up opening in banknifty. Expected opening above 43500 level. After opening if banknifty starts trading above 43550 level then expected further upside rally upto 43950+ level and this can be extend for another 400-500 points in case banknifty gives breakout of 44050 level. Any major downside only expected below 43450 level.
I dont know why the bank nifty didnt fall today, the science seems so solid - if i were to borrow King Julian's words from Madagascar.
The handover from US market was negative as expected and today's opening was a gap down at 42684. The first candle was red went down to the support level of 42573.
Till 11.40 BN spent its time around this SR level without falling....
The FASP for BankNifty is listed for 30-12-2022 . 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 is back in form and it giving nice trending moves. It has given a the New Year gifts to the traders in the last expiry of the year.
The market closed gaining 1% or 425 points giving a bullish engulfing candle and closing above the 20 DMA.
On the hourly time frame, the market has given a bullish moving average cross over and gained 390 points in the...
Today will be a gap down opening in BANKNIFTY. Expected opening below 42450 Level. After opening possible further downside of 400-500 points from 42450 upto 42550. And this can extend for another 400 points if it gives breakdown of 42450 level. Any Bullish rally is only expected in case banknifty starts trading and sustains above 42550 level.
Banknifty standing inside a strong resistance zone of 42814 to 42966.
if banknifty crosses above 42966 then it may also cross 43313 and may reach to the level of 43266.
between 43266 to 43418 is also an extremely strong resistance zone .
If Bank Nifty crosses over 43418 then it may also cross 43571 and may reach to the level of 43713.
if banknifty crosses...
Banknifty has given a nice move and it taking a halt near the 43k level and 20 DMA.
It has formed a gravestone doji after taking a resistance from the levels.
Banknifty has given a nice up move but is taken a rejection near 61.8% fibonnaci level.
On the hourly time frame, the market has taken a good support from the 200 ema and closed near the level. Though,...
Today will be a gap down opening in BANKNIFTY. Expected opening near 42550 support Level. After opening if banknifty sustain above this level then possible reversal of 400-500 points upto 42950 Level. And this rally can extend for another 400 points if it gives breakout of 43050 level. Any downside only expected in case banknifty starts trading below 42450 level.
After yesterday's rally, today we had a consolidation which can be taken positively. But the real test comes tomorrow as today's stock action in US markets will show its true color (red mostly) on wednesday 28th Dec.
This is largely because we had an unexpected 2.3% spike yesterday and major markets were on holiday
Quite an unexpected turn of events. On 23rd Dec...
Banknifty on the daily time frame has given a dragon fly doji and still showing some confusion. It has closed near the 20 ema but above the 0.618 fib level.
The indice is forming a cup and handle formation, on the hourly time frame, giving close above both the moving averages.
The market has given a W-pattern but has closed near the resistance level.
Support :-...
Today will be slightly gap up opening in BANKNIFTY. After opening if banknifty sustain above 42550 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 downside only expected in case banknifty starts trading below 42450 level.
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