BN opened at 37660 and made a strong red 1st candle, i personally thought we will have a down day, and i held that belief till 10.15 when the first resistance got taken out. I started the day with selling CE options, but when i saw this counter move i squared off CE side and went to the PE side looking for opportunities. The rally from 10.30 to 14.25 is not a...
Everyone would have expected bank nifty to go up today esp when S&P500 and Nasdaq100 closed 1.97% up yesterday. The gap up opening of 38092 above the resistance line of 37946 shows the level of expectations, but the big-boys had other plans. Check the volume on call option shorts yesterday - see here. The short side positioning was so heavy that bank nifty was...
Banknifty on the daily time frame has given a red candle and almost closed around the previous day low. BN is around its week 20 ema. The market may take a support from its level. After the initial gap up the market fell to the previous day close and consolidated in the second half of the trading session. On the 15 minute time frame, the market is unable...
another hit day plz like,boost to appreciate our ideas== #banknifty call above 37900 tgt-38100\39000 #banknifty put below 37500 tgt-37300\37000 sl keep 100 points atleast *indian market is still strong ,in coming days #banknifty will reach the level of 41000+
Today's will be gap up opening in banknifty . After opening if banknifty sustain above 38050 level then expected upside go upto 38450 level. Reversal chances at 38450 level and reversal target is go upto 38050 level and this can be extended for downside upto 400-500 points in case banknifty starts trading below 37950 level.
Bank nifty seems to move till 36800, but a small correction is much needed till 38500-3700. So once the level is reached then bank nifty will fall or else if the 38500-38700 resistance is broken then again upward move can be expected. So kindly plan ur trades properly as per ur analyzation.
Hello All, Please refer my previous related idea where it touched the 37700. We are seeing continuous selling but at some point it has to breath and decides next movement. Market has been ending negative even if start with good momentum. Falling channel with 2 Arcs or cycles where I have just plotted the second arc by cloning first one. If downside momentum...
another hit day plz like,boost to appreciate our ideas== #banknifty call above 38550 tgt-38700\39000 #banknifty put below 38200 tgt-38000\37000 sl keep 100 points atleast *indian market is still strong ,in coming days #banknifty will reach the level of 41000+
Hello All, Please refer my previous related idea where both side targets have been achieved and the next targets are still open. Today BNF opened with +200 pts and profits booked sooner but overall yesterday and today structure seems like falling channel which more likely to break on upper side. Please refer the levels on chart. We are seeing selling 2500...
Bank nifty opened at 38811 just above the resistance line marked for yesterday. It tried to rally but was short lived. From 9.15 to 9.30 due to the upward move the CE options near ATM surged pretty heavily. This may be because the call writers would have got nervous and exited the short position fearing market will move significantly higher. Or weak hands would...
Banknifty remained weak as compare to Nifty and closed 250 points lower. The market gave a nice down side movement after touching the round number of 39000. On the 15 minute chart analysis, the market tried to sustain above the 20 ema levels but couldn't hold the levels and took resistance from the same. The markets are heading for a monthly expiry and a...
another hit day plz like,boost to appreciate our ideas== #banknifty call above 38850 tgt-39000\41000 #banknifty put below 38400 tgt-38200\38000 sl keep 100 points atleast *indian market is still strong ,in coming days #banknifty will reach the level of 41000+
Today's will be gap up opening in banknifty . After opening if banknifty sustain below 38950 level then expected downside go upto 38550 level and this can be extend for downside upto 400-500 points in case banknifty starts trading below 38450 level. in case banknifty starts trading above 39050 level expected upside go upto 39450 level.
Hello All, Please refer my previous related ideas where it touched 38800 and 38500. We have a good falling channel in 15 minutes but there are gaps. Today a whole day has formed triangle pattern which can break either side more likely on upper side. FII has sold 5100 cr and DII has bought around 3500 cr. This clearly shows how buying increased compared to...
Banknifty for the two consecutive days has fallen more than 2% and losing around 2000 points in just 2 trading sessions. The market remain in the red whole day. Even after the gap down of more than 500 points the banknifty closed 900 points lower. On the daily time frame, the market had tested its 2.618 Fibonnaci level. The market has also breached the level of...
another hit day plz like,boost to appreciate our ideas== #banknifty call above 39750 tgt-39950\41000 #banknifty put below 39320 tgt-39100\38800 sl keep 100 points atleast *indian market is still strong ,in coming days #banknifty will reach the level of 41000+
Today's will be gap down opening in banknifty . After opening if banknifty sustain below 39450 level then expected downside go upto 39050 level and this can be extend for downside upto 400-500 points in case banknifty starts trading below 38950 level. in case banknifty starts trading above 39550 level expected upside go upto 39950 level.
NSE:BANKNIFTY1! 📊 Each levels Act as support and resistance 📈📉. One can trade on 3min, 5min and 15 min as per their trade set up. For reference, one can check our old published ideas. If any candle taking support from any level then try to identify that is that reversal candle at support or what if that is reversal candle then go long above that reversal candle...