**Bank Nifty:** >Bank Nifty has a bearish sentiment, but RSI doesn't support that much due to the huge pullbacks. So, if the gap-up doesn't sustain, we can expect a range market between 23% and the previous low. After that, if it breaks down, we can expect correction continuation. >Alternatively, if the gap-up sustains above the level of 23%, then we can expect a...
Today will be gap down opening in BANKNIFTY. After opening if banknifty start trading below 51450 level then possible downside rally of 400-500 points upto 51050 Level & this rally can can extend another 400 points if market gives breakdown 50950 level in todays session.Any Major upside only expected in case banknifty starts trading above 51950 level.also possible...
Today will be gap up opening in BANKNIFTY. After opening if banknifty sustain above 51050 level then possible upside rally of 400-500 points upto 51450 level in todays session. Any Major downside only expected in case banknifty starts trading below 50950 level.
On Thursday, BankNifty opened gap down, broke the previous day's low making a new low at 50559.90, and closed at 50888.75, down by 428 points. The weekly trend (50 SMA) remains positive, but the daily trend (50 SMA) is now sideways. Support Levels: Major Demand/Support Zone (Weekly): 49530 - 50253 Resistance Levels: Near Supply/Resistance Zone (15m): 51317 -...
On Wednesday, BankNifty took support at the 15m demand zone mentioned in the last post (linked in "Related Ideas" below) and bounced to 51512 before closing at 51317, losing 461 points. BankNifty broke the demand zone mentioned previously, and the nearest major support seen on the chart is at 50253, where there is a weekly support zone. The weekly trend (50 SMA)...
Today will be gap down opening in BANKNIFTY. After opening if banknifty start trading below 51950 level then possible downside rally of 400-500 points upto 51550 Level & this rally can can extend another 400 points if market gives breakdown 51450 level in todays session.Any Major upside only expected in case banknifty starts trading above 52050 level.also possible...
On Tuesday, during a highly volatile budget session trading day, BankNifty opened gap up inside the 15m supply zone mentioned in the last post and fell 1200 points, making a day low of 51342.65. It re-entered the Daily Demand zone but did not break the bottom of the zone, closing inside with a 502-point drop at 51178.30. The weekly trend (50 SMA) remains positive,...
Today will be gap up opening in BANKNIFTY. After opening if banknifty sustain above 52050 level then possible upside rally of 400-500 points upto 52450 level & this rally can extend another 400 points if market gives breakout 52550 level in todays session. Any Major downside only expected in case banknifty starts trading below 51950 level.also possible reversal...
On Monday, BankNifty entered the 75m and daily demand zones, bouncing 500 points from the day's low before closing at 52880.40. A decisive crossover above 52750 with volume might lead to a new all-time high. The weekly and daily trends (50 SMA) are still positive. As mentioned in the last post, the support and resistance levels remain the same. Support...
BANKNIFTY Intraday Trade Setup For 23 Jul 2024 Bullish-Above 52450 Invalid-Below 52340 T- 53605 Bearish-Below 51850 Invalid-Above 51960 T- 50980 BANKNIFTY has closed on an absolute flat note today. It opened with a slight gap down and then regained yesterday's closing, after that it was total sideways from 9:45 till 3:30. Also we discussed in the weekend that...
Hello Traders , No doubt the Banknifty buyers are pushing hard to stay above 51800 levels. Today it has shown a Strong rejection on down levels indicates the fresh buying pressure in market. For me its still in Sideways range & bollinger band contraction mode. But the possibility is higher in Banknifty to Break above the Highs. So lets be prepared for the...
Tomorrow is Budget Day; all of you must be very excited to trade it. Usually, there is not very good price action for such events. The market might take turns from pivotal points marked on the chart. If we look at the chart now: The market is trading near the support zone and support trendline. The market has been consolidating for the last 15 days. If the...
On Friday, BankNifty remained within its range and did not cross the major resistance level of 52750, closing 355 points down at 52265.60. A decisive crossover above 52750 with volume might lead to a new all-time high. The weekly and daily trends (50 SMA) are still positive. Banknifty might be highly volatile today due to the Budget session scheduled...
Today will be gap down opening in BANKNIFTY. After opening if banknifty start trading below 52450 level then possible downside rally of 400-500 points upto 52050 Level & this rally can can extend another 400 points if market gives breakdown 51950 level in todays session.Any Major upside only expected in case banknifty starts trading above 52550 level.
BANKNIFTY Intraday Trade Setup For 22 Jul 2024 Bullish- Above 52820 Invalid-Below 52710 T- 53357 Bearish-Below 52130 Invalid-Above 52240 T- 51549 BANKNIFTY has closed on a flat note with bearish sentiment as it has formed a shooting star candle in weekly TF. Last week we picked the range of 52800 and 52100, whole week the range was intact. Also I discussed that...
Major Points are marked in the chart. BUY: 210 *Do own research before investing in Equity market.
Banknifty: Bank Nifty is still maintaining its range, so it might continue today as well. However, if it breaks the range, we can expect a move of a minimum of 50% to 78% to the upside. On the downside, if the market breaks the 50% Fibonacci level, we can expect a downside move to 78% to the swing low.
Today will be gap up opening in BANKNIFTY. After opening if banknifty sustain above 52550 level then possible upside rally of 400-500 points upto 52950 level & this rally can extend another 400 points if market gives breakout 53050 level in todays session. Any Major downside only expected in case banknifty starts trading below 52450 level.