Resistance Level: 38901.85 Support Level:38551.30 If candles are sustaining or break above resistance level , we can expect upside move and the targets will be fib retracement levels as per chart If candles are sustaining between resistance and support levels, consider as neutral If candles are sustaining or break below support level , we can expect downside move...
Banknifty on the weekly time frame has closed just below the 38.2% fibonnaci level and has formed a dragon fly doji after testing its 20 ema on weekly time frame. The market, on the daily time frame, has formed a bullish engulfing candle and almost engulfed 2 previous candle on whole. Though the market is trading between both the emas, and global cues are...
NSE:BANKNIFTY Trade Setup for 03-10-2022 1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action. 2) Everything is mentioned on the chart. I hope it is easy to understand. 3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level. 4) Avoid gap up...
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...
Bank Nifty Made bearish Shark pattern on daily charts and target seems 35700
Resistance Level: 38085.65 Support Level:37540.85 If candles are sustaining or break above resistance level , we can expect upside move and the targets will be fib retracement levels as per chart If candles are sustaining between resistance and support levels, consider as neutral If candles are sustaining or break below support level , we can expect downside move...
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+
Expectations for NEXT WEEK : Volatile Day & SHORT TERM Bull. Levels: Buy Above - 37550 Target : 38650 Sell At - 38650 Targer : 38250 SL : 150 points To motivate us, Please like the idea If you agree with the analysis. Happy Trading! InvestPro India Team
Expectations for Today: Volatile Day. Intraday Levels are in chart. We will update time to time. To motivate us, Please like the idea If you agree with the analysis. Happy Trading! Call Of Trader!!
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...
28 Sept End of Day Study and Technical Analysis of Banknifty Major Support Zones For BankNifty On Expiry First Support Zone For Nifty – ( 37523 – 37560 ) Second Support Zone For Nifty –...
Resistance Level: 38189.45 Support Level:37550.80 If candles are sustaining or break above resistance level , we can expect upside move and the targets will be fib retracement levels as per chart If candles are sustaining between resistance and support levels, consider as neutral If candles are sustaining or break below support level , we can expect downside move...
Banknifty opened gap down at 38081 and in the first 5mts candle itself it took out the support line of 37946. There was an immediate bounce somehow giving us the impression that the support was intact, the minor pullback tried to close the gap but lost steam by 10.15. The fall from 10.20 to 10.45 looked interesting because the support level proved quite important...
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+