BankNifty Analysis I initially thought the wolf in the sheep’s costume was NiftyIT today spoiling the fun of the Bears. The real culprit was BankNifty - the way it defended its turf today was more than amazing. Even though we had a lower opening, HDFCBANK was staying strong at one end. You know pretty well that HDFCBK alone can drive up/down the index as its...
The FASP for BankNifty is listed for 22-12-2023. 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...
Market consolidate in the range 48000-47000 if break the resistance we can see a bullish run and if break the 47000 then we can see a 46200. All Types of Investments / Trading are subject to market risk......
Banknifty Prediction for tomorrow. BULLISH from 47562 CPR level BEARISH possible only below 47452 Demand and Supply Zones - When price breaks the zone, Demand zone will become Resistance and Supply zone will become Support. Refer the chart for detailed Intraday Support and Resistance levels. Happy Trading!!
"Good morning, friends. Directions for December 21st: The global market sentiment is moderately bearish, supported by the Dow Jones, while our local market sentiment shows a similar trend. It might open with a gap-down start, indicated by Giftnifty showing -120. After that If the market sustains the gap-down or consolidates, the correction could continue with...
Strong support at 47000 if price come that level then we can see a again buy on dip opportunity.. also market remain to fill gap 47500-47000 level.. if break the 47000 then we can see next support.. next support 46200..
As we discussed, Banknifty yesterday had a performant sideways moment. By looking at the chart now, 48000 has a huge resistance point, as OI data also shows huge CE writing at 48000 with PCR of 1:3. I expect it to be sideways because 48000 has good resistance with price-action and OI data. And 47500 has multiple support points such as EMAs and price action. ...
Bank Nifty Prediction for tomorrow. Gap up Open then BEARISH Reversal can be expected from 47950 - 48000 levels. Bullish possible only above 48050 Demand and Supply Zones - When price breaks the zone, Demand zone will become Resistance and Supply zone will become Support. Refer the chart for detailed Intraday Support and Resistance levels. Happy Trading!!
The FASP for BankNifty is listed for 20-12-2023. 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 important levels to watch are as follows #Support: 47800 Sell below: 47800 only on 15 minute candle closure below the level. Target 1: 47670 Target 2: 47500 #Resistance: 48000 Buy Above: 48000 only on 15 minute candle closure Above the level. Target 1: 48230 Target 2: 48500 => # Remember each level will act as a support and resistance...
Strong support at 47000 if price come that level then we can see a again buy on dip opportunity.. also market remain to fill gap 47500-47000 level.. also market follow the bullish horizontal channel.. All Types of Investments / Trading are subject to market risk......
As we discussed, Banknifty yesterday was sideways while the day was quite volatile. People who Sold 48200 CE and bought 48600 CE would have been in profit. Now, if we see the chart, it took resistance at the line we drew yesterday; now, I am expecting it to touch level 48100 again and then make a double top and fall. Reasons: 48100 will be providing a nice...
BankNifty Analysis We got some interesting moves today by BankNifty. During pre-open ICICI bank was looking very weak but other banks were looking okay. But once markets opened - BN fell to 47810 by 09.19. The 2 horizontal blue lines I have drawn are the weak support and resistance lines from the last 2 days of action. BN went above the 47873 and was trading...
As we have been discussing Bank-nifty, Bank-nifty continues to have a bullish move. By looking, OI has PCR 1.17, which is bullish. RSI also shows Huge bull strength. So, Banknifty is expected to go higher or might go sideways for some consolidation. Reason: RSI 70, which is in the bullish zone. (Bullish) RSI is showing a bearish divergence, which means...
Bank Nifty Prediction for tomorrow. BEARISH Reversal can be expected from 48300 levels for a correction. Demand and Supply Zones - When price breaks the zone, Demand zone will become Resistance and Supply zone will become Support. Refer the chart for detailed Intraday Support and Resistance levels. Happy Trading!!
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watch nifty psu bank stocks in next few years. Watchlist -Bank of Baroda -Bank of India -Bank of Mah -Canara Bank -Central Bank -Indian Bank -IOB -JK Bank -Punjab & Sind -PNB -SBI -UCO Bank -Union Bank Warning:-Please note that I'm not a financial advisor, and investing in the stock market involves risks. It's important to do thorough research or consult with a...
"Good morning, friends. Directions for December 15th: The global market sentiment is bullish, supported by the Dow Jones. However, our local market sentiment shows a bullish trend. It might open with a gap-up start based on Giftnifty, which shows 70+. The market is making a new high every day, so whether it opens with a gap-up start or a neutral start is not...