Today will be a gap up opening in BANKNIFTY. After opening possible reversal of 400-500 points from 42950 level. 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 43050 level.
Banknifty standing just below a strong resistance of 42671. if banknifty crosses above 42671 then it may also cross 42814 and may reach to the level of 42966. between 42966 to 43113 is also an extremely strong resistance zone . If Bank Nifty crosses over 43113 then it may also cross 43266 and may reach to the level of 43418. if banknifty moves down below...
Banknifty made some deep moves today engaging 3 of its support/resistance areas. Lets analyze it one by one Totally unexpected gap up open 43525 on weak global cues and then 3 up candles. From there a test of 1st support 43247 at 12.10 - a fail. Further down move and 2nd support of 42884 at 13.50 - also a fail. Then we had the 3rd support 42570 test at...
Banknifty on the daily time frame has given a bearish engulfing candle and closed 740 points lower breaking the 20 ema. The market has finally shown some momentum after a long time and the selling was there from the opening itself. On the hourly time frame, the market broke the 200 ema, gave a retest and closed below both the moving averages. The global market...
Today's slightly gap up opening in banknifty . After opening banknifty sustain above 43550 level and then possible upside rally up to 43950+ in today's session. in case banknifty trades below the 43450 level then the Short target can go up to the 43050 level.
We had a totally opposite day from yesterday in terms of volatility. First a mega swing downwards and then a beautiful recovery to close at HOD Bank nifty opened gap down at 43152 much lower than the support region at 43247. The first candle itself it scaled back to this SR region. And in the 2nd candle it formed an interim top before falling quite heavily There...
Banknifty on the daily time frame has tested the 20 ema and hasn't closed below it. There is a dragon fly doji on daily time frame and 55 points lower. On the hourly time frame, the market tested 43000 level and in the closing hour of the session gave a nice bullish candle closing above both the moving averages. The market, on the 15 minute time frame, has...
Support & Resistance Zones For BankNifty Intraday Trading Support Zones Frist Support Level For Buying - 43240 - 43260 Second Support Level For Buying - 43100 - 43120 Third Support Level For Buying - 42910 - 42930 Resistance Zones First Resistance Level For Selling - 43395 - 43415 Second Resistance...
decision will be taken on the bases of gann levels with demand supply zones
Today's slightly gap up opening in banknifty. After opening banknifty sustain above 43550 level and then possible upside rally up to 43950+ in today's session. in case banknifty trades below the 43450 level then the Short target can go up to the 43050 level.
BANKNIFTY : Level for 20th Dec. Nifty looking strong compare to banknifty Like, Share, Comment for regular updates. Disclaimer I am not sebi registered analyst My studies are Educational purpose only Please consult with your Financial advisor before trading or investing
The inability of BankNifty bears to take out the support 43253 should be viewed as a good sign. We did discuss about this in the last article - read here Bank Nifty Today - 16 DEC 2022 Post Mortem & Weekly Analysis + US Markets Comparison Remember yesterday's discussion around the 43255 support region, thats exactly where bank nifty opened...
Banknifty on the daily time frame has given a dragon fly doji and on the smaller time frame there is a cup and handle pattern. The market has closed near the resistance zone and 20 ema on hourly time frame. Banknifty has tested the 43440 levels many times and if the market start trading above this level, it can test recent highs. On 15 minute time frame, the...
Today will be slightly gap up opening in BANKNIFTY . Expected opening below 43450 Level. After opening possible further downside of 400-500 points from 43450 level upto 43050 level. And this can extend for another 400 points if it gives breakdown of 42950 level. Any Bullish rally is expected in case banknifty starts trading and sustains above 43550 level.
Banknifty on the weekly time frame has given a gravestone doji and closed below 43500 levels. The markets has been in a bull move and this can be a retracement before another bull leg. On the daily time frame, the marekt has tested its 20 ema and closed above it. As per the Fibonnaci retracement levels, Banknifty can test 41500 level i.e. 38.6% levels. The...
Banknifty standing below a strong resistance zone of 43266 to 43418. if banknifty crosses above 43418 then it may also cross 43571 and may reach to the level of 43713. between 43713 to 43876 is also an extremely strong resistance zone . If Bank Nifty crosses over 43876 then it may also cross 44034 and may reach to the level of 44187. if banknifty crosses...
Remember yesterday's discussion around the 43255 support region, thats exactly where bank nifty opened today - 43261. Had a real eventful expiry today, with almost a 500+ pts fall from 14.20 to close. Yesterday we discussed about a roof…banknifty.medium.com The 1st candle took support and closed the gap, the 2nd and 4th candle also closed in green taking bank...
Today will be a gap down opening in BANKNIFTY. Expected opening below 43450 Level. After opening possible further downside of 400-500 points from 43450 level upto 43050 level. And this can extend for another 400 points if it gives breakdown of 42950 level. Any Bullish rally is expected in case banknifty starts trading and sustains above 43550 level.