BANKNIFTY Intraday Trade Setup For 30 Nov 2021
BANKNIFTY has formed a halt cum bullish candle in daily timeframe confirmation is on above today's high.
While aggressive move will be seen above 36550.
36500 can give resistance in intraday, we will short if we find any negative candle...
Bank Nifty Trade Plan for 15 NOV 2021
Bank Nifty traded in a very tight range in the previous session and formed a inside day bar on the daily time frame waiting to explode.
In case Bank Nifty opens gap up above 18831 and sustains then we can expect BN to test 38900 levels as first target.
In case 38930 is taken out we can expect BN to test 39047/39100...
Good evening all,
The range we had marked between 40160 and 38400 ws well respected by the index and did not allow us any entry. Primarily all the profit booking that for buying that started in September & October.
Again the levels allow us entry ONLY after 40160 on the 'long' side and below 38000 on the 'short' side. Why 38000? Look at...
Bank Nifty Trade Setup for 09 Nov 2021
Bank Nifty had managed to close above 39400 levels showing good strength.
In case BN open flat and pull back to CPR finds a support, we can go long with first possible target of 39600/39700.
In case of 39650 taken out and sustains we can expect possible next target possible targets as marked on charts.
We can expect some...
Nifty Bank Futures Key Trading Level for 9th Nov 2021
Disclaimer: These levels are purely based on Price action/demand and supply zones & and consumed only for educational purpose & should not be taken as buy/sell recommendation. I will not be responsible for any loss/profit incurred if anyone takes trades based on my views.
Please consult your Financial...
Bank Nifty Trade Plan for 02 NOV 2021
Expect a possible gap up opening in Bank Nifty.
40050 is a first resistance to watch out in case of gap up opening.
If that is taken out taken out the next resistance is the breakout zone of 40172, if that is taken on upside we can expect 40400/40500 levels.
Any pull back to closing price or CPR on opening is a buying...
Bank Nifty Trade Plan for 27 OCT 2021
Bank Nifty expected to have flat to small gap up opening.
41090 is a strong support and any pull back to this level and finding support we can go long with possible first target of Bearish Reversal zone of 41387 and that taken out we can see it to test Breakout zone of 41534 & higher.
Would prefer to short Bank nifty only...
EXPLANATION : This is a 30 min time frame chart of BANKNIFTY . It has been in a consolidate for days and taking support from trendline & demand zone , If give a strong breakdown and broke its Demand zone with high volumes and retest the same , I am bearish on BANKNIFTY . Always be extra cautious with breakout trade with confirmations .
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Bank Nifty Trade Plan for 05 OCT 2021
Bank Nifty likely to open gap down.
The immediate support for Bank Nifty would be around 37300 zone, if that is compromised we can expect Bank Nifty to test 37126 levels.
In case of this support of 37100 getting compromised we can expect it to again test 36900.
If 37126 holds good and sustains then we can expect a pull...
Bank Nifty Trade Plan for 04 OCT 2021
Bank Nifty traded in a very narrow range in the last session and managed to close above the next day CPR levels showing some signs of pull back.
Bank Nifty likely to open with a small gap up opening.
37342 is the first resistance to watch out, if that is taken out successfully we can expect Bank nifty to find resistance...
BN managed to close on the bullish node.
Global markets are kind of in a neutral sentiment and Dollar index is on rise which is of little bit of worry.
BN formed an inside day bar today and we can expect some breakout moves in coming days,
tomorrow being monthly expiry and if market opens with the yesterdays range and fails to takeout the previous day high then...
Expect Bank Nifty to open gap down.
Global weakness withnessed in the last trading session and expecting nifty to open gap down.
Key levels on the lower side to be watched out are Bullish Reversal of 37653 and 37361 levels, Any of the these levels compromised on the lower side we can can expect BN to test out Target 1 and Target 2 (37 K levels).
If that is...
Today will be gap up opening in banknifty. After opening if banknifty started trading above 38050 level then expected strong upside movement of 400-500+ points in banknifty. Downside only possible if banknifty started trading above 37950 level. For today's session 37550 will act as a strong downside support.
Expect a small gap up opening in Bank Nifty.
Bank Nifty is comparatively weaker then Nifty and also closing below the next day CPR levels.
37200 is a very strong resistance for BN , if that is taken on the upside and sustains then we can expect a possible upmove.
Any resistance around 37200 we can expect BN to again test yesterday lows and lower.
Bank Nifty likely to open flat to small gap up.
Still much room for correction in Bank Nifty, 37350 levels - CPR will act as a strong resistance fro Bank Nifty.
If CPR is giving resistance we can possibly look for again some selling and we can expect 36944 & Bearish Break out zone of 36741 levels to be tested.
Bank Nifty expected to open gap up.
Bank Nifty looks pretty bullish, we can expect some possible profit booking today.
Any pull back to support zone of 37445 levels will be a buying opportunity today. After such a big rally yesterday we can expect a possible range bound move, in case if previous closing price sustains and forms
a support then we can again expect...
Bank Nifty likely to open with a small gap up.
Any support around CPR 36730 range is a buying opportunity and we can expect first resistance around 37000.
If 37000 is taken out we expect 37101 as next target and higher Target 1 & Target 2.
if Bearish Reversal zone 37000 holds good then we can expect a range bound move today.