Today will be gap up opening in banknifty. For today's session chances banknifty will trade between 35000-35500 range zone. Strong upside rally possible if it give breakout and trading above 35550 level. Downside only possible if banknifty trading below 34950 level in today's session.
Bank Nifty gave a breakout supporting Nifty to cross 16000 mark and above
As discussed yesterday, flag breakout above 35000 yielded faster gains.
New Support is at 35000 now where the breakout happened today
& Resistance @ 35200 (today's high)
Now, Looking at the vertical (pole like) movement in price, my expectation is that price must halt for a while (take rest...
Good evening All,
What do you think is going to happen tomorrow?
I'd love to read your views. Because if you ask me, the index does not show any clear indication. If I were you, I will wait till the market settles down for around 60 minutes and then take a call basis the trend.
Today will be flat opening expected in banknifty. For today's session expected banknifty will trade between 34500-36000 level. In case breakout of any side of this range gives 400-500+ points rally towards the breakout direction.
banknifty is now in a short range and can give a good movement on both sides it has made falling wedge or falling channel on daily chart and now trading at resistance area now if it breaks upside 34840 then after a small retest it can move upto 35500 but if it faces resistance tomorrow on 34740-34800 then it can breaks down side and can easily travel to 33600 so...
Good evening all,
Despite the mostly sideways market today, we were able to reach the first target. For tomorrow again, my view stays on being 'Long' as the trend of making higher lows continues:
Long side view:
Buy above 34860
Target 1 34940 - 34950
Target 2 zone 35050 - 35200
Long Target 3 - 35340
above this, trail your SL
(Long SL -...
BankNifty opened with a gap-up and faced resistance in the 34820 zones, it spent almost the whole day in 15 points range which was broken on the downside and we saw a good fall in BankNifty.
We did sell BankNifty Fut at 34980 which made a low around 34680, booked great profit on the sell-side.
Expectations for Tomorrow: Volatile day.
Today will be gap up opening in banknifty. After opening if banknifty sustain above 34550 level then possible upside rally upto 34950 level. For today's session 34950 will act as an immediate resistance. In case breakout of this resistance give strong bullish move of 400-500+ points. Further downside possible if banknifty started trading below 34450 level.
BankNifty opened with a gap-down and took support near 34500 zones, It was a range-bound day and BankNifty spent the whole day in the 270-280 points range.
For tomorrow, safe traders wait for this range to break and book profit quickly as both Nifty and BankNifty is in tight range and we should be booking profit quickly.
Expectations for Tomorrow: Volatile...
Today will be gap down opening in banknifty. After opening if banknifty started trading below 34450 level then possible further fall of 400-500+ points upto 34000 level. 34000 will act as an important support for today's session. In case breakout of this support gives further downside target in banknifty. Upside only possible if banknifty started trading and...
Do not trade in between 34760 - 34360
Buy Above 33760 for the Targets marked on Chart
Sell below 34360 for the Targets marked on Chart
Make entries only when the price action is suitable respecting to the trendline
Take Entries when Market sustains above / below our levels
Avoid entries , if there is a Huge Gap Up / Gap Down
Take Entries as per Price...
Good evening all,
What a day for us. Today, the index was true to its nature.... VOLATILE and how? Hope you did make a bunch. So what in for tomorrow? Well, monthly expiry and expiries are seldom boring. So, while we get excited, we must be watchful.
My view for tomorrow too is neutral;
Long side view:
Buy above 34600
Target 1 - 34759
Target 2 - 34840
Today will be flat or slightly gap up opening expected in banknifty. After opening if banknifty sustain above 34550 level then possible upside rally of 400-500+ points upto 34950 level. Strong Downside fall possible if banknifty started trading below 34450 level.