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.
Resistance level:43801.90 Support level : 43191.05 ****Fib Retracement levels will act as the support or resistance**** If candles are sustaining or break above resistance level , we can expect upside move and the targets will be fib retracement levels as per chart If candles are sustaining between resistance and support levels, consider as neutral If candles...
Had a real eventful expiry today, with almost a 500+ pts fall from 14.20 to close. Yesterday we discussed about a roof like pattern formed intraday - read here. And today's price move was in continuation of that trend. Yesterday the handover from US markets were not that positive - but even in bad times our markets has outperformed the global peers. So most of the...
Today will be slightly gap-down opening in BANKNIFTY. After opening if the bank nifty sustain below the 43950 level then a possible downside of 400-500 points up to 43550. And reversal chances of from 43550 level And this rally can extend for another 400 points if it gives a breakout of the 44050 level.
Its become business as usual for bank nifty to take out the all time highs - new ATH is now 44151. Today bank nifty opened gap up at 44078 mainly because yesterday's handover from US markets were quite good. US CPI (Inflation) came 20bps below their estimate and that triggered an immediate surge on SPX by 2.71% - the final closing was only 0.73% higher and the...
Today's gap up opening in banknifty. After opening banknifty sustain above 44050 level and then possible upside rally up to 44450+ in today's session. in case banknifty trades below the 43950 level then the Short target can go up to the 43550 level.
A gap up opening with a bullish 5mts candle to take out the all time high. And then a steady rally till 12.10 setting a fresh new high of 43983. Bank nifty had good bull momentum to take out the swing high of 9th Dec. There was a small profit taking from 12.15 to 14.40 but this failed to take out the high of the opening candle - again showing strong long only...
Today will be slightly gap up opening in BANKNIFTY . Expected opening above 43550 Level. After opening if banknifty sustain above this level then possible upside rally of 400-500 points upto 43950 level And this rally can extend for another 400 points if it gives breakout of 44050 level. Any Major downside only expected in case banknifty starts trading below 43450 level.
Quite a different trading day today, the opening set up was looking as bearish but bank nifty recovered all the losses but didnt have enough power to rally up S&P500 index dropped 0.73% on friday - setting a negative tone for the Indian markets. Going by the same sentiment bank nifty opened gap down at 43455, made a long legged doji opening candle. The 2nd candle...
Banknifty on the daily time frame has formed an inside candle and closed only 75 point above. On the hourly time frame, the market has tested the 20 ema and consolidated in a flag and pole pattern forming lower wicks. The index opened lower but regained in the first hour and consolidated whole day in a narrow range of about 100 points. The market, on 15 minute...
Banknifty Expanding Pattern Live analysis 12th Dec 2022 Still there is chance to find the Wining trade. PCR above 1 Upperside strong resistance in 15min chart Oi closely waived from 43500
Today will be gap down opening in BANKNIFTY. Expected opening above 43550 Level. After opening if banknifty sustain above this level then possible upside rally of 400-500 points upto 43950 level And this rally can extend for another 400 points if it gives breakout of 44050 level. Any Major downside only expected in case banknifty starts trading below 43450 level.
Banknifty has finally traded near 44k level and has given another green candle on the weekly time frame. On the hourly time frame, the market has formed a dragon fly doji and closed above 43600 level. The market has tested the 20 ema, on hourly time frame, and gave a nice upmove. The market after a gap up and came for selling and tested the support zone near...
Banknifty Possible Support and Resistance for Monday Banknifty Support & Resistance Zones for Friday Banknifty Support Zones for Monday First Support Zone For Banknifty – 43495 - 43516 Second Support Zone For Banknifty – 43390 - 43410 Third Support Zone For Banknifty – 43255 -...
Today's price moves are quite interesting - Nifty50 ends the day with a loss of -0.61%, NiftyIT flash crashes at -3.14% but our hero Banknifty ends the day green +36.6pts. Such is the brute strength of the Banknifty bulls - really intense. BN opens gap up at 43765 new ATH and then hits intraday high of 43853 by 10.05. A consolidation move from 10.10 to 12.00. Let...
Banknifty Bulish Expanding Triangle Today Banknifty break all time High. It's an historical moment of Indian Economy as well as bank nifty Index. As per the chart pattern Banknifty trying to break all previous highs including today. This is all time high position now briefly understand the position where we are--- Upper side no resistance only at 43900...
Today will be gap up opening in BANKNIFTY . Expected opening above 43550 Level. After opening if banknifty sustain above this level then possible upside rally of 400-500 points upto 43950 level And this rally can extend for another 400 points if it gives breakout of 44050 level. Any Major downside only expected in case banknifty starts trading below 43450 level.
What a rally today ! Contrary to the chart pattern which indicated the market may fall - the news event took priority & changed the sentiment all over. Bank nifty opened inline at 43142 made an indecisive 5mts candle and from the next candle onwards the rally started. The resistance was taken out at 09.40 and then there was no stopping. BN made higher highs and...