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!!
watch nifty it sectors stocks... tcs infy techM wipro ltimindtree coforge l&ttech 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 financial professional before making any investment decisions.
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...
BankNifty Analysis If you read the postmortem report yesterday, you might have seen how the W pattern formed yesterday and BankNifty respecting the ascending trend line turned out. BankNifty had a different start today vs Nifty because we opened 0.95% gap-up and then rallied another 0.8% to hit the all time highs. 4mts chart - click here The 2nd rally was...
"Good morning, friends. Directions for December 14th: The global market sentiment is bullish, supported by the Dow Jones. However, our local market sentiment shows a moderately bullish trend. It might open with a significant gap-up start, creating uncertainty about its exact opening position. Here's the basic structure: if the market breaks the immediate...
BankNifty Today’s Analysis The opening candle in Banknifty had a swing range of 189pts ~ 0.4%. That candle looked dangerous and I really thought we would have a deep RED day today. Quite interestingly, BN made a W pattern right at the top band of the ascending channel (see the 63mts chart link also). 4mts chart link - click here Once BN got caught in that...
Bank Nifty Prediction for tomorrow. BEARISH Trend Continuation and Sideways... 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!!
As we have discussed yesterday, BankNifty gave a fall and then took support at 46900, which was a minor support zone. Because of expiry it turned out to be a sideways day. according to the OI as 0.95 it seems bullish. But according to the price action 47200 will be acting as resistance level. if it breaks 47200 to upside then it will go bullish. Reasons: ...
Good morning, friends. Directions for December 13th: The global market sentiment is bullish, supported by the Dow Jones. However, our local market sentiment shows a moderately bullish trend. It might open with a neutral to slightly gap-up start. Structurally, it's a range market. However, if the market breaks the immediate resistance with a solid structure, then...
Bank Nifty is in the parallel range (downside) of 100 points..... Tomorrow is the expiry (weekly) of the Bank Nifty..... Can we consider that to take tomorrow a good jump bank nifty is on rest mode today. Keep Learning with NG!!
As we discussed, Banknifty's analysis gave a really nice momentum after the election result. Now, Banknifty is trading at a high time and is also forming an inverted HNS pattern. However, Inverted HNS works best at the bottom of the trend, not at the top. I am expecting a correction or sideways consolidation for Banknifty in the upcoming week. Reason: RSI =...
BankNifty Analysis Banks had a totally different chart pattern than Nifty50 today. I would say the pattern by BankNifty was more mature and stable compared with Nifty. At no point in time, a breakdown was visible in BN today - yes, we dropped 0.67% ~ 316pts in between, but it was not as scary as N50. 4mts chart link - click here RBI Governor maintained...