look at the supports bank nifty taking in hourly time frame ...creating demand zone step by step ....making higher lows ...indicating uptrend
A personal view on BNF.
INDEX SUMMARY -BANKNIFTY TILL NOW HAS FAILED TO CREATE A SWING -IT WILL BE CREATED ONLY IF BANKNIFTY BREAKS ABOVE 29920 -RBI POLICY TODAY EXPECT VOLATILITY IN THE COUNTER -STRONG START TODAY -INDEX HAS BOUNCED HEAVILY FROM ITS OPENING PRICE -INDICATING STRONG MOMENTUM -SWING LOW BREAK BELOW 29200 -SWING HIGH BREAK ABOVE 29920 -IF SWING HIGH OF 29920 BROKEN...
INDEX SUMMARY -BANKNIFTY YESTERDAY MOVED IN A SINGLE DIRECTION -WITH MIINOR SIDEWAYS ACTION INDEX CLOSED AT THE HIGHEST LEVEL -AS EXPECTED BANKNIFTY MOVED IN OUR TRADING CHANNEL(1-HOUR CHART) -BASED ON THE CHANNEL ANALYSIS BANKNIFTY CAN MOVE TILL 30K-31K -REMEMBER NIFTY IS UP BY 8% FROM PREVIOUS ALL TIME HIGH -BANKNIFTY INDEX IS STILL TO BREACH ITS PREVIOUS ALL...
Bank Nifty levels for Upcoming session : 21 OCT 2020 (30 Min chart used for analysis) Trading Range - 23160--24613/24766 *Chart Pattern & Trend* Refer the chart & see that Ascending Triangle formed .Hope, We can see gap-up opening on 21 Oct & then small correction possible. If it break the level 24420 then it can move towards 24613 / 24766 & If Fail to sustain...
-BANKNIFTY MADE A "INSIDE BAR" YESTERDAY -BANKNIFTY YESTERDAY CLOSED THE GAP BETWEEN 22475-227750 -AFTER CLOSING GAP IT CAME BACK AND TOOK SUPPORT @22450 -BANKNIFTY HAS A BIG TRADING RANGE OF 21000-23070 -BANKNIFTY IS TAKING SUPPORT ON NEW FORMED TRENDLINE -IF BREACHED WE ARE MOVING TOWARDS 21000 -WE HAVE ALMOST REACHED HAVE OF IT MORE PAIN FURTHER ON THE...
-BANKNIFTY HAS BROKEN ITS TRADING RANGE -RANGE OF 23500-24200 FUTURES RANGE -INDED IS NOW STARTED TO TRADE BELOW ITS 20-EMA BUT NOT BY MUCH -INDEX HAS CLEARLY BROKEN ITS THREE INSIDE-DAY TRADING BAR RANGE ON FRIDAY -INDICATING SIGNS TRENDING DOWNSIDE -BANKNIFTY CAN TEST 23200-22900 AND REVERTED BACK I HAD MENTIONED ON FRIDAY -INDEX TRYING TO FORM BASE IN THE...
-BANKNIFTY IS TRADING IN A RANGE -RANGE OF 23500-24200 FUTURES RANGE -I EXPECT UPSIDE BIAS IN THE INDEX -IF BANKNIFTY BREAKS ABOVE 24200 AND SUSTAINS I WILL BE A BUYER IN THE INDEX -THEN UPSIDE TARGET WILL BE RAISED TO 24750 -SUPREME COURT DECISION ON INTEREST WAIVER IS NOT OUT STILL A OVERHANG -ONCE THE DECISION IS OUT I EXPECT THE MARKET TO RALLY -FALLING...
-BANKNIFTY HAS IT CHANGED ITS TREND OR THERE IS TREND REVERSAL? -ANSWER IS NO -INDEX RALLIED 2000 POINTS FROM ITS BREAKOUT ZONE OF 23200 -WE CAN SAY THAT THE INDEX MADE A LOT OF EFFORT TO BREAK THE HIGH OS 23200 -SO IT IS NOT THAT EASY FOR THE INDEX TO BREAK 23200 AGAIN AND MOVE LOWER -INDEX HAS RETRACED MORE THAT 61.8% OF THE RALLY AND SHOULD FIND BUYING...
-AGAIN BANKNIFTY IN BOOM BOOM ZONE -FALLING DOLLAR EM POSITIVE -ALL THREE MAJOR WEIGHTAGE STOCKS ABOVE 200-EMA -NEXT TWO ON THE FOLLOW TO COMPLETE THAT MOVE -NEXT BANKNIFTY TARGET IS 25000-25300 -SUPPORT IS CRUCIALLY PLACED AT 23916 (200-EMA) -CRUCIAL RESISTANCE PLACED AT 25110 (200-SMA) -CAUTION I BELIEVE THERE IS A GAP-UP TOMORROW IN BANKNIFTY -MIGHT RUN...
-BANKNIFTY IS S IN BOOM BOOM ZONE -LOOKING TO TEST ITS 200-EMA PLACED AT 23915 -AS EXPECTED WILL TRY TEST 23900 -A RANGE OF 2000 POINTS IS BROKEN -RALLIED 400 POINTS OUT OF THE EXPECTED 2000 POINTS -FIBO LEVELS OF 38.2% TAKEN OUT -50% RETRACEMENT LEVEL AT 23900 -BUT IF 24000 IS TAKEN AND CLOSES ABOVE IT WE WILL SEE HIGHER LEVELS -NEXT LEVEL OF 50% IS PLACED...
-I HAD SHARED A WEEKLY IDEA OF BANKNIFTY ASCENDING CHANNEL PATTERN -INDEX MANAGED TO REVERSE FROM THE SUPPORTED TRENDLINE -BANKNIFTY DOWNSIDE LOOKS CAPPED BECAUSE THERE ARE MULTIPLE SUPPORTS -FROM MOVING AVERGAGES TO FIBONACCI LEVELS TO SUPPORT ZONES -CRUCIAL SUPPORT IS PLACED AT 21960 AND 21600 -INDEX DID NOT ONLY CONQUER 2196O IT MANAGED TO CROSS ABOVE 22000...
-BANKNIFTY CONQUERED 22000 ON FRIDAY -INDEX MANAGED TO CLOSED AT THE HIGH POINT SHOWING STRENGTH ON THE UPSIDE -WHAT WE ARE LOOKING FOR IS A GAP-UP IN THE BANKNIFTY -CAN'T PREDICT THAT -22450 IS THE LEVEL TO WATCH -23070 IS THE CRUCIAL RESISTANCE -21670 IS CRUCIAL SUPPORT -"BUY ON DIPS MARKET" -HDFC BANK IN FOCUS BANKNIFTY RESISTANCE FOR THE...
if the white trend line is taken out in 15 mins and 1 hr time frame... an upside move is possible. On the contrary if the red solid line is taken out in 15min and 1 hr time frame a clean downside rally till the solid redline at the bottom is possible. It all depends on how the bnf opens up tomorrow . Rest the market will decide.