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.
Bank Nifty make a double top pattern & breakdown giving already now it can retest those break down levels & after that big fall can be seen in Bank Nifty. But one more scary thing can be seen trendline from 39000 retest almost 3 time but this time Bank Nifty retest it very quick in time now if this trendline broken then can see more downside. R
Short below 46020 after candle break trendline on 5 min timeframe Buy above 46265 candle close above the immediate swing resistance
An Inside candle has been formed on the daily chart and a dragon fly doji has been formed. Market closed gaining 260 points. There was a gap up and a profit booking took market down. Supports are nearby and the market is still in the bullish move. On the hourly chart, a V shape recovery was there. And it is trading above the moving averages. Today option buyer...
The real move on banknifty came after HDFCBK declared its results i.e after 12.45. Till then it was happy to trade in a flattish manner. The opening 4 x 5mts candle was interesting, but the downside was also limited as there was no real selling pressure. Once the HDFCBK results were out, banknifty started surging. Even other banks also joined the party. We went...
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. also possible Reversal Downside 44950 level.
Banknifty on the other hand was not at all bullish. Even though we had a rally from open to 09.50 - there was no motivation to go long. The 2 horizontal blue lines drawn depicts the gap BN had earlier. Today's session ensured that is closed which might even open up further downward moves. I am not quite sure how HDFCBK pricing & index weight re-configuration...
"Good morning! As of June 26th, the same sentiment continues; there is no significant difference compared to the last session. The global market is showing a neutral to slightly positive start with a moderately bearish market sentiment. There is a possibility of a slight gap-up opening. If the market experiences a pullback afterward, we can expect a minor...
"Good morning! As of June 20th, the global market is showing a negative start with moderately bearish market sentiment. It is possible that the market might open with a gap-down. If it rejects the immediate support zone after the gap-down, we can anticipate a minimum of a 61% to 78% Fib pullback wave. However, if the gap-down sustains, the correction is likely to...
Banknifty has trendline resistance at 44044 level and it has support trendline at 43596 level. Buy above 44044 target 44219, 44434 sell below 43850 target 43727, 43599
Banknifty remained above 44k whole day and during the last hour gained some points giving close above 44150. Market consolidated for 4 hours and gave a nice break out. DJI seems to be flat till now and there can a chance of a bullish break out as the market has closed. Watch the global markets in market to get a clear view and trend of the market. On the...
Banknifty weekly support and Resistance levels According to Gann price Square where Banknifty can take a support and face resistance in this week.
#BANKNIFTY - CUR n Handle formation - if breaks above it then Good BULL Move expected for next 3-4 months.
Bank Nifty making tweezer Top on daily charts it play its role below 44155 levels & most important today closing should have to be flat & tomorrow Bank Nifty should trade below 44155 levels & close below 44000 then one quick move will be there if close above high of these 2 candles then it not valid to trade tweezer Top. Thank you all
Bank Nifty is still in symmetrical triangle pattern, buying opportunity on lower levels, keep an eye on breakdown and breakout levels, this is my view on Bank Nifty only for educational purpose, tell me your views in comments
bank nifty is forming rising wedge pattern (blank line) and double top (M) green line and there is a strong support trendline. If the support trendline is broken at 43888 level then possibility of reaching 43333 is high. if it takes support at 43888 level then market might retest and try to break all-time high. Don't be bullish or bearish trade with the market...
This is my view on Bank Nifty, what is your view tell me on comments
"Good morning! As of May 16th, today's sentiment remains the same with no significant difference compared to the last trading session. However, the global market has shown a positive start with a moderately bullish nature. There may be a gap-up at the beginning, and if it sustains, we can expect a continuation of the rally with minor consolidation, but it should...