Good Morning Mates. Yesterday We have seen Higher highs and highers low formation in Banknifty. Mates Banknifty jumped 263 points to 44494.65 and formed a bullish candlestick pattern on the daily charts. Guy's keep watching 44500 levels, Because if banknifty is going to give successfully breakout of 44500 levels then we can see Banknifty towards 44714/44944+...
"Good morning! As of August 2nd, there is no significant difference compared to the last session. The global market sentiment is slightly positive (based on the Dow Jones alone). The market trend is moderately bullish, and the market might open with a slight gap-up. Therefore, we can expect a minor pullback afterward. If the market rejects the immediate resistance...
The FASP for BankNifty is listed for 29-08-2023. 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 was in tremendous form today, it seemed like it came prepared to rally today. Even though point wise we had only a 403pts ~ 0.91% intraday swing, the context was so important. Firstly banknifty defended the 44068 support below which it would have got a serious bearish bias. Secondly we had a breakout on 24th Aug where we went up till 44949. Today’s...
Bank Nifty Heading towards 43600..? BEARISH Trend Continues... 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!!
Banknifty important levels to watch are as follows #Support: 44138 Sell below: 44138 only on 15 minute candle closure below the level. scalpers may short below 44200 only for scalping. Target 1: 44000 Target 2: 43880 Target 3: 43780 #Resistance: 44356 Buy Above: 44356 only on 15 minute candle closure Above the level. Target 1: 44490 Target 2:...
Bank Nifty Heading towards 43600..? BEARISH Trend Continues... Yes it is, Look for SELL entry 44190/44250 for 43600 Target tomorrow. 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 per current charts we can BNF in a good consolidation phase we can see a up move in next week as per current structure and other indication. In upcoming days around 10 September we can see a good down fall 44600 after consolidation with stop loss of 44500. lets see what happens. I will share this chart again if it is happening like this thanks
Nifty has made new low, where banknifty is yet to make. So we can expect a pull back and then can see a new low in Banknifty too
Banknifty made a strange pattern today, opening mega gap down and then breaking the support of 44068 by 10.30. And then climbing back to the open levels. From there it stayed in that tight range for the rest of the day. From an intraday fall of 1.07% it is quite commendable that banknifty was able to recover and close only 0.59% lower. I was not quite sure why...
Donot Initiate Trades Blindly,Banknifty is Very Bullish compared to Nifty. Buy on Demand and Book your Profits at Supply maintaining your Stoplosses. Follow Price action (PA) at the Levels i have mentioned. Initiate Trade with Stritct SL. Levevls are based on Zones.
The FASP for BankNifty is listed for 25-08-2023. 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...
"Good morning! As of August 25th, the global market sentiment is negative, based on the Dow Jones alone. The market trend is bearish, and the market might open with a long gap down. Therefore, we don't know where it will open. If the market finds support around the immediate support zone, we can expect a minimum pullback of 23% to 38%. On the other hand, if the...
Both Nifty and Bank Nifty are at previous day's/week's support point. If these support points turn as Resistance levels then we could expect a Downward consolidation for another month. My expectation is that Nifty will be tested for 19300 level and then to start a trending line
BankNifty Weekly Analysis Between the last expiry and today, BankNifty has gained 595pts ~ 1.36%. This is exactly why I said banknifty works as a leading indicator to detect trend changes. If you notice carefully the outperformance has started in BN, not quite in N50 (up only 0.17% weekly). And in the turn of events today, BN held its ground - cheers for that ! ...
This is bank nifty 1hour chart in which decline from 46369 to 43600 is (a or i) and bounce from 43600 to 44950 is corrective wave (b or ii) and now wave (c or iii) is already started and its minimum projection range is 42180-41527. Use 44800 as stop loss for this trade.
Today will be gap up opening in BANKNIFTY . After opening if banknifty sustain above 44550 level then possible upside rally of 400-500 points upto 44950 Level. And this rally can extend for another 400 points if it gives breakout of 45050 level. Any Major downside only expected in case banknifty starts trading below 44450 level.
#BankNifty Technical Analysis, #Strong #supplyand DemandZones. Views i have shared is Intra to Positional Views