Broader market view and Sectors for tomorrow. Broader market view is shared with sectors in focus for now
Banknifty has a diagonal structure. So, if the market breaks the previous low, then the diagonal will continue further, and we can expect a minimum of 46197 to 45948. If it finds support there, then we can expect a minimum of 23 to 38% pullback wave. Alternatively, if the gap-down doesn't sustain and breaks the diagonal pattern, then we can expect a range market...
As we discussed in our analysis market closed sideways today. I am expecting market to be sideways for tomorrow. all important levels have been marked at the chart. Support: 46343, 46000 Resistance: 46690, 46900 Verdict: Sideways Plan of action: Sell 46300 PE and Sell 46700 CE (Hedge it with 20/- premium )
Banknifty showed a solid pullback structure in the last session. Giftnifty indicates a negative start, but structurally, it has a minor pullback continuation. So, If the market finds support around 46296 to 46176, we can expect a range market or pullback continuation. On the other hand, if it breaks the previous low, then the correction will likely continue."
BankNifty Analysis - Stance Neutral ➡️ BankNifty had to fall 400pts to enter the bearish channel. Well, it did not happen today but we had an interesting candle at 11.15, for a brief period BN dips into the bearish channel and then pulls out. Much like testing how deep the water is before taking the jump. The shorts were strong then and the recovery would have...
Time Period (1-3 Days) Buy BANKNIFTY Above 46940 Stop Loss 46620 Target 47170-47300
bank nifty is travelling inside a channel. 46300 to 46500 is a strong support level as marked on the chart. if this level is broken, bank nifty may go downside to the next support level marked on the chart. or, if it takes support to this level, it may go up to the next upper level marked on the chart Disclaimer: All information provided here is for...
Banknifty zone and levels for 18-3-2024 zone coordinates are 46590.60-46630.30
Ram Ram Ji I am sharing my view on Bank Nifty in the case If it opens at or near about 46,800.00 Let's see You can also share your view with all of us. Thank You
As we have discussed in our Video, BANKNIFTY was making HNS, whose target was 46470. that has been achieved. If we look at the chart now: The market is trading at the support trendline(1-H TF). Banknifty is also trading at 0.61 fib level, which might be crucial for banknifty to take support. Price is volume balanced, which indicates the market can make a...
BANKNIFTY has completed the Elliot Triple combo Wave following the January Selloff. We might see an ABC correction wave coming in next two weeks. Important levels as marked.
The banknifty is travelling in a downward channel. also the possible support and resistances are marked in the chart. if it breaks the channel in upside direction, may be a bullish movement is possible. if it breaks the support of 46500 level, a bearish movement may happen. Disclaimer: All information provided here is for educational purposes and not a...
Hello Traders, Welcome to SriTrader5121 _______________________________________ Overall view for the day. Buy - with support of Important / Support Sell - with rejection of Important / Side-ways-zone See the price action at our zones, take the trade according to your Risk - Reward. Happy Learning and Trading – SriTrader5121 ...
Bank nifty is set to a new trend breakout ... it can reach upto 48000+ but lets plan small for now ... 47100 set the level for entry with 80 points stop loss and target is set to 47400.
Disclaimer: My videos, presentations, and writing are only for educational purposes and are not intended as investment advice. I cannot guarantee the accuracy of any information provided. Don't miss out on this viral short video for all the latest market insights and trends. Stay informed and ahead of the game with #banknifty #viral #shorts #viralshorts!
BankNifty Analysis - Stance Neutral ➡️ BN was calm as a cucumber, on one side the Nifty50 heavyweights were tanking but BN kept its cool. Usually, Banks are the first to react to any news related to “froth”, “valuation” etc. Mainly because the valuation, loan against shares, etc all depend on the underwriters and financial institutions that did the due diligence....
As we discussed in our video analysis, the bank's nifty bearish nature broke to the downside and gave a nice bearish target today. If we look at the chart now: The price has broken 200 EMA, HNS Neckline support zone to the downside. The market is quite bearish. RSI is also showing weakness in bulls. If we look at the OI data: PCR = 0.67 shows a...
Broader Market Analysis- Small cap Mid Cap Nifty BankNifty NiftyNext50