-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.
1. If the blue trend line is taken out then you can expect an upward move in BNF. The targets being 21600 and further extension will be updated. 2. But there is a previous gap up that hasn't been filled and there is a possibility of a downtrend if the red trend line is taken out. The rest market will decide. The analysis is only for educational purposes. Trade...