--- Bank Nifty Today - 26 DEC 2022 Post Mortem & Analysis Quite an unexpected turn of events. On 23rd Dec we thought there could be a slight option for a short covering rally - read here - but i never thought the short covering will turn into a bear rally breaker. 2.31% intraday rally on a weak market - quite impossible to comprehend. BN started the day at the...
Today will be a slightly gap up opening in BANKNIFTY . After opening possible further downside of 400-500 points from 41950 level upto 41550 level. And this can extend for another 400 points if it gives breakdown of 41450 level. Any Bullish rally is only expected in case banknifty starts trading and sustains above 42050 level.
Banknifty is still stronger than the other index and and give a close below 42k level. The market lost 1500+ points or 3.5% in a week On the daily time frame, the market has given a inverted hammer candle and lost 700+ points on 2 consecutive days. There is a bearish moving averages cross over, on the hourly time frame. The market has created small range...
Banknifty standing just below a strong resistance zone of 41733 to 41887. if banknifty crosses above 41887 then it may also cross 42041 and may reach to the level of 42191 between 42191 to 42349 is also an extremely strong resistance zone . If Bank Nifty crosses over 42349 then it may reach 42508. if banknifty moves down below 41579 then it may also cross...
The FASP for Bank Nifty is listed for 26-12-2022. 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...
Bank nifty lost over 1.75% today of which ~ 1% was lost in the gap down open itself. The open was at 41951 pretty near to our support line 41940. The first candle showed positivity & i thought maybe bank nifty will hold the level. By the 2nd candle it had fell back to the support level and by 10.00 we had a breach in support. From there it was a gradual fall to...
BANKNIFTY is near trendline support and major flip support today. it should hold this level next week. 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
Banknifty New Range 41600 - 42500 as the maket Break the support line Oi still in the lower side PCR below 1 call Side Oi increased heavily Strong impact for covid situation market under fear
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 level upto 42050 level. 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.
Bank nifty opened today 42864 just below the resistance level of 42888 and the intention to go lower was very clear. By the 3rd candle the support level of 42574 was tested and by 09.35 we had a first break down. The candle at 09.45 was pretty strong green and may have deceived many like me to believe the support level is intact. But this was just a fake move and...
Banknifty on the daily time frame has starting closing below 20 ema and closed 200 points lower. There is a bearish moving average crossover on hourly time frame and took support around 42200. Global market showed some strenght but Indian markets were on the other side. On 15 minute time frame, the market tried to cross the 20 ema but couldn't sustain above...
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...