🔴 Resistance - 46818 🔴
🚀 Target - 47068 - 47272 🚀
🟢 Support - 46710 🟢
🚀 Target - 46417 - 46222 🚀
🚫 Manage Your Risk & Reward As Per Your Risk Management 🚫
🔥🔥 Levels Works Best on 5 - 15 Minutes Time Frame 🔥🔥
❤️❤️ MARKET SECRET ❤️❤️👇
1. TRADE WHAT YOU SEE NOT WHAT YOU ASSUME
2. FOLLOW THE TREND BECAUSE TREND IS YOUR ONLY FRIEND
3. CHART IS SUPREME
4. YOUR...
As we discussed, Banknifty has been falling for the last four sessions.
If we look at the charts:
The market is reaching near the support trendline, which is going to provide a potential support zone for Banknifty.
if we look at the OI:
PCR = 0.67 shows the market is in a bearish phase. 47000 is going to provide a good support zone as it has good PE...
BankNifty Analysis — Stance Bearish⬇️
“The power of a strong support/resistance zone will help you in your technical analysis” — Anonymous.
See what happened today, BN started strong and was keeping its head above the 47465 support for a long time. Between 10.19 to 10.31, there was an attempt to break this SR, but it failed. BN reclaimed the 47700 levels and...
🔴 Resistance - 47797 🔴
🚀 Target - 48001 - 48128 🚀
🟢 Support - 47688 🟢
🚀 Target - 47482 - 47317 🚀
🚫 Manage Your Risk & Reward As Per Your Risk Management 🚫
🔥🔥 Levels Works Best on 5 - 15 Minutes Time Frame 🔥🔥
❤️❤️ MARKET SECRET ❤️❤️👇
1. TRADE WHAT YOU SEE NOT WHAT YOU ASSUME
2. FOLLOW THE TREND BECAUSE TREND IS YOUR ONLY FRIEND
3. CHART IS SUPREME
4. YOUR...
Bank Nifty Index closed below around 48500 level after Gap Down Opening In last session
The index formed a spinning top pattern on the daily charts
Outside the Range of 47200 to 47800, momentum is expected
*For Education Purpose
Practice and Learn price action setups
BNF is trading near the 1hr TF support of 474000. Also it to be noted that BNF has fall 1400 points from its ATH. Still BNF is trading near the support zone of 47400 & 47600.
If BNF moves upward we will have a immediate resistance of 47800.
Below are the resistance level to watch
Resistance 1 48100
Resistance 2 48250
If BNF moves downward we...
BankNifty Analysis - Stance Bearish⬇️
BN managed to hold on to 47465 levels quite decently. All intraday straddlers would have had a decent day as there were no swings or whipsaws. We opened below the 47465 level but managed to close above it giving some hope to the Bulls.
If we close above 47465 levels on the 18th, I might change my stance from bearish to...
I am posting banknifty swing zone and levels
Currently banknifty is at major supply zone bounce can here is possible with all the upside resistances which I have marked in the chart...
BankNifty Analysis - Stance Bearish⬇️
BN had a unique price action today, unlike N50 we did not see a bounce from the banks. And the lows made during the closing hours were much deeper than the opening lows. Whereas Nifty's opening low was not violated that much. Ideally, that is expected, the subsectors would fall further than the main index.
I am revising the...
Bank Nifty is trading at support around 47750 zone.
Considering the trading holiday on Wednesday 17/04/2024. BNF expiry will be tomorrow.
BNF is now in a support zone of 47750 if broken we can expect a fall till the below two support zones
Support 1 47750
Support 2 47400
If BNF moved in a uptrend, considering the globe cues take...
As we discussed, Banknifty's structure opened a gap down and fell.
If we look at the chart now:
The market is making Hammers at the top. Now, the market is in a very crucial position.
It is trading at the support trendline and support zone. The market is making a rising wedge pattern. If the market breaks the pattern to the downside, it will be a good...
There seems to be a strong support by the bulls, to not let the index go down, but the last session was week for the bulls. as of today BNFTY maintained a good support given by 48500 level. Monday opening will be a gap down as those holding wants to exit at the earliest. but bulls will hold it from falling by 9:50 am.
there is a support around 48300 level....
"Good morning, friends! Here are the directions for April 15th:
The global market trend is bearish, supported by the Dow Jones, while our local market sentiment indicates a moderately bullish trend. It might open with a gap-down start, as suggested by GiftNifty, showing a -120 point decrease.
I'm really sorry, I can't say exactly how the market will react today...
In this video, we'll discuss about Market Movement and Tomorrow's/Next Week Analysis in Nifty, Banknifty and other segments too.
Whether you're a seasoned trader or just starting in the stock market, this analysis will help you in Learning about Market. Let's get right into it!
✅I hope you liked the analysis. Be sure to hit that LIKE.
👍Like | 💬Comment |...
BankNifty Analysis - Stance Neutral ➡️️
BankNifty did not fall as much as Nifty50 today, we opened -244pts as gap-down, and the first candle itself was a strong green candle which gave the impression that the Bears may lose control.
The follow-up action was good enough and we retested the swing low by 09.47 giving some hope, but again the markets started...
The FASP for BankNifty is listed for 12-04-2024. You can add this levels to your trade setup for better results. This should not be the only indicator but an additional tool to increase your winning possibilities.
What is Fibolysis Anchor SupRes Points(FASP)?
It is a unique level arrived by using Fibonacci Retracement , Fibonacci Extension , Standard Pivot levels...
Banknifty support and resistance for level based trading. This is my view and I recommend everyone to cross check with their studies,too. It works on both intraday & positional.
As we discussed in our last analysis, the market faced resistance from 49960. (Near Fib 1.414)
If we look at the chart now:
The market is trading at ATH. Also, the market is facing resistance in the resistance zone(1H-TF). The market is also showing a Bullish divergence that will force the market to be in the bull's favor. 49000 is a very strong level of...
