As we discussed, Banknifty's analysis gave a really nice momentum after the election result. Now, Banknifty is trading at a high time and is also forming an inverted HNS pattern. However, Inverted HNS works best at the bottom of the trend, not at the top. I am expecting a correction or sideways consolidation for Banknifty in the upcoming week.
Reason:
RSI =...
Utilizing the support and resistance levels of BankNifty, along with the 5-minute timeframe candlesticks and VWAP, can enhance the precision of trade entries and exits on or near these levels. It is crucial to recognize that these levels are not static, and they undergo alterations as market dynamics evolve.
The dashed lines on the chart indicate the reaction...
"Good evening, friends. Directions for December 8th: there is no significant difference from the last session. The global market sentiment is moderately bullish, supported by the Dow Jones. However, our local market sentiment shows a bullish trend. It might open with a neutral to slightly gap-up start.
We have an RBI monetary policy announcement tomorrow; the...
Utilizing the support and resistance levels of BankNifty, along with the 5-minute timeframe candlesticks and VWAP, can enhance the precision of trade entries and exits on or near these levels. It is crucial to recognize that these levels are not static, and they undergo alterations as market dynamics evolve.
The dashed lines on the chart indicate the reaction...
So gya ye trader ka raja.....
1 hour and full rest by Bank Nifty...
waiting for the move...
here it will... try to catch and love it....
Keep Learning with NG!!
"Good morning, friends🌺! As of December 7th, the global market sentiment is moderately bullish, supported by the Dow Jones. However, our local market sentiment shows a bullish trend. It might open with a gap-down start, considering the GiftNifty value at -50.
Afterward, if it breaks the immediate support level, then we can expect a continuation of the correction....
If Bank Nifty opens between 46950 and 46725
If breaks 46950 then Targets are 47075, 47200, 47500
On the Downside if breaks 46725 then Targets are 46475, 46235, 45820
Bank Nifty is on Life time high.....
May we see Bank Nifty till the marked levels....
As per me 47300-400 range is a good resistance zone for the said Index.
Still we may see a New high of Bank Nifty till the marked levels and then might be a good reversal to make it Life time High for next couple of months.....
Bank Nifty may is on reversal mode or in upside...
Utilizing the support and resistance levels of BankNifty, along with the 5-minute timeframe candlesticks and VWAP, can enhance the precision of trade entries and exits on or near these levels. It is crucial to recognize that these levels are not static, and they undergo alterations as market dynamics evolve.
The dashed lines on the chart indicate the reaction...
"Good morning, friends🌺! As of December 6th, the global market sentiment is moderately bullish, supported by the Dow Jones. However, our local market sentiment shows an extremely bullish trend. It might open with a gap-up start, considering the GiftNifty value at +60.
Afterward, if the gap-up has a solid structure, then we can expect the rally to continue. On the...
BankNifty Analysis
Just like we discussed yesterday, BankNifty outshined Nifty today. But surprisingly FinNifty did not correlate with Banknifty. That is unusual as the major components are the same. A detailed look into these stocks BAJFINANCE, BAJAJFINSV will give you the reason.
5mts chart link - click here
HDFCBANK had a higher pre-open indicative price,...
Utilizing the support and resistance levels of BankNifty, along with the 5-minute timeframe candlesticks and VWAP, can enhance the precision of trade entries and exits on or near these levels. It is crucial to recognize that these levels are not static, and they undergo alterations as market dynamics evolve.
The dashed lines on the chart indicate the reaction...
BnF is forming an inverted head and shoulder pattern. It can give a good move if we see a strong breakout which will induce short covering. Targets can be retest of Previous ATH. Wait for a breakout, don't make inconclusive entries
"Good morning, friends🌺! As of December 5th, the global market sentiment is moderately bullish, supported by the Dow Jones. However, our local market sentiment shows an extremely bullish trend. It might open with a neutral to slightly gap-down, considering the GiftNifty value at -20.
Regarding yesterday's structure, despite a significant increase during the last...
As we have discussed, Banknifty breakout of inverted HNS. It has completed the target of the HNS pattern. Now, it must take some consolidation or a shortfall to the downside to balance the Demand and supply. Also, this is a resistance level; it's likely to take resistance according to the historical data.
Reasons:
Price >> EMA(13,50,200) need some...
