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...
For Banknifty demand and supply zones are marked. If market rejects at demand zone , then a high probability buy trade can be initiated, rather in case of supply zone a sell trade. You must have a good candlestick knowledge in order to utilize the zones at the best. You can even learn it from us. don't forget to look for PriceActionMonk.
There is too many resistance zone Upper Side as per Ascending Triangle Pattern and looks like a peanut pattern FIb Retracement Area Near 43150 OI - Call data Increase , PCR 0.65 when below 1 Banknifty range 42950-43300 After breaking Resistance go for Long After breaking Support go for short Look the market carefully before taken a trade. There is no reason...
Banknifty for last 3-4 days has consolidated in a narrow range. Today also the market formed a doji and can give a nice trending market tomorrow. The market, on hourly time frame, there was a nice selling as there was a going Monetary policy. Market came below the 20 ema and took resistance from the level. On 15 minute time frame, the market came below 200 ema...
Banknifty Bearish Flag and Pole Its seems like Bearish but before hit the resistance is it possible to to go Down What your opinion please share with us PCR 0.68 so probability is high to Go down Global Market Down and other reason behind Range << 43000- 43200 >> *** Market is always gives you another chance but we should avoid Greed **Find your risk and...
Today will be a flat opening in BANKNIFTY. Expected opening above 43050 Level. After opening if banknifty sustain above this level then possible upside rally of 400-500 points upto 43450 level And this rally can extend for another 400 points if it gives breakout of 43550 level. Any Major downside only expected in case banknifty starts trading below 42950 level.
NiftyBank OneHour Chart Analysis with Confirm Target Support Zones For BankNifty Intraday Trading First Support Zone For BankNifty – 43118 -43100 Second Support Zone For BankNifty – 42912 -42927 Third Support Zone For Banknifty - 42770 -42785 Resistance Zones For...
Strange looking opening candle by bank nifty today. Mega gap down opening at 43093 and in the first 5mts a rally to close the gap. 193pts ~ 0.45% recovery in the opening 5mts and then a build up till 09.55. From there we had a breakdown till 11.05. Kotak's Nest trader had price tick issue but their orders were getting punched. I was lucky to place orders today...
Market trend is still not predictable as banknifty has formed a gravestone doji after a dragon fly doji on day to day closing. Banknifty created confusion in the initial hour and consolidated whole day in a narrow range. On hourly time frame, the market traded whole day below the 20 ema. The market has constantly faced rejection from 43200 levels and closed 194...
There is a Support zone around 42950-43000 and Resistance Zone 43300-43400 after takimg a proper support its going for bulish
Today will be a flat opening in BANKNIFTY . Expected opening above 43050 Level. After opening if banknifty sustain above this level then possible upside rally of 400-500 points upto 43450 level And this rally can extend for another 400 points if it gives breakout of 43550 level. Any Major downside only expected in case banknifty starts trading below 42950 level.
Bank nifty opened gap up right at the resistance level and then made a quick drop to close the gap. Remember i was bearish on 3rd Dec Friday - and i expected the market to go further lower. It did go lower till 09.55 - but the series of price moves after that really surprised me. Bank nifty kept on building strength and really had a trending up day. It made a top...