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 :-...
Short term (7-8) days view for Banknifty , Give Small SL
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.
Banknifty has given a bullish closing above 42500 levels gaining 950 points. The index took a rejection from 20 DMA and hourly 200 moving average. On the hourly time frame, the market remained in the bull move and gave nice target for moving average strategy. Even on the smaller time frame i.e. 15 minute, the market has given the targets. Support :- 42550,...
--- 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...