Good morning! As of May 22nd, the global market has shown a negative start with a moderately bearish market nature. There may be a gap-down at the beginning. After that, if it sustains, we can anticipate a range-bound market or a continuation of the correction. On the other hand, if the market sharply pulls back at the start, we can expect a continuation of the...
Today will be FLAT opening in BANKNIFTY . After opening if banknifty start trading above 44050 level then possible upside rally of 400-500 points upto 44450 Level. in case banknifty starts trading below 43950 level possible downside rally upto 43550 level.
The FASP for BankNifty is listed for 22-05-2023. 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...
Incase You have been viewing the charts, you will find special markings in Red, blue and Green. These are very important areas and opening of the trade in the morning gives us a reasonable idea along with other factors as to how the day should proceed. If you have been following the levels from the previous charts by now you would have seen the importance of how...
Bank Nifty may take big move on upside on Monday, bank nifty already takes so much rejection on upside so may be possible for a big breakout on Monday, this is my opinion only for educational purpose, share your ideas on comments
Intraday Analysis for The week following 22nd May 2023 Levels & Zones Above - 44095-44145, 44521, 44696, 449455 Levels & Zones Below - 43725-774, 43289-352, 42822-916, 42582-668, 42269-334, 41933-961
buy call above 43850 tgt-43980\44600 buy put below 43650 tgt- 43400\43000 follow setup entery is important. tgt-100/200+ extend with major setup.
There was so much of hidden meaning in today's price action. Both banknifty and Nifty50 opened gap-up and then started falling. Banknifty fell 0.97% from High to Low, whereas Nifty fell 0.66% only. This fall is the 1st anomaly, this happened at a time when NiftyIT was roaring! It opened gap-up and was shooting up. Which goes to prove that either Reliance or...
Trend analysis of Banknifty at the end of the week.
NSE:BANKNIFTY1! BANK NIFTY poised for a repeated history, in coming week we might start the journey towards 35000 zone, respect the zones and wait for bearish signal by the end of this week, no shorting till price is above all time high zone if we do get breakoput over all time high.
banknifty forming a failing wedge pattern if it sustains above 43782 possibly it can try break the 44132. Buy above 43786(43700 CE) Target 43885, 44005,44132 Sell below 43579 (43500 PE) Target 43465, 43333,43186
Today will be gap up opening in BANKNIFTY . After opening if banknifty sustain above 44050 level then possible upside rally of 400-500 points upto 44450 Level. Any Major downside only expected in case banknifty starts trading below 43950 level.
Bank nifty have taken support at day's low, and this is the best entry point to go long from here. MACD Is also giving proper bullish crossover and RSI also showing relative strength. Chances are high for price reversal from here. So go long with given levels. As today is expiry day market will be very very volatile so please trade carefully and use proper stop...
We have a short analysis of trend of how market is reacting to the emotions of market. (This is not a prediction or an recommendation to buy or sell this is purely for study purposes)
BankNifty, Elliottwave Analysis, Ending Diagonal Daily Chart Analysis
Bank Nifty, Elliott wave, Ending Diagonal Daily Chart
Today will be gap up opening in BANKNIFTY . After opening if banknifty sustain above 43550 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 44050 level. Any Major downside only expected in case banknifty starts trading below 43450 level. also possible Downside 43950 level.
Good morning! As of May 18th, the global market has shown a positive start with a bearish market nature. There may be a gap-up at the beginning, and there is a possibility of a sub-wave 4th. So, if it sustains, we can expect a minor three-wave structure. After that, if it rejects in the key zone, we can expect the 5th wave on the downside. However, the minor...