Today will be expected flat or slightly gap up opening in banknifty near yesterday close. Most chance in the first half it will trade between 29000-29500 level. If any side breakout then we will see 300-400 points quick expiry movement. In today's session important support at 29000 if in case of a breakdown this support then possible further weakness in the market.
each levels act as support and resistance . one can trade on 3min, 5 min, and 15 min as per their trade setup and experience. for reference one can check old published levels specially check today's levels link below.
1. On 13 th Nov 2020, I wrote in my weekly blog about the green line taken out the condition and you can see it got fulfilled and gave Approximately 700 points is quoting my words of the statement in trading plan section point no.1" I marked a blue line if it is taken out in both time frame 1h & 15 min then I would like to leave my...
Today will be a gap up opening in banknifty. If banknifty trading above 29400 levels in today's session then we will get a strong upside in banknifty for next few session. We will only get further weakness if it trading below 28900 levels.
NSE:BANKNIFTY each levels act as support and resistance , one can trade on 3min, 5min, 15min as per their trade setup. for reference one can check old published ideas. theses levels can help you in intraday.
Today will be a gap down opening in banknifty. If it trading below 29450 then we will see further downside towards the 29050-29100 level. More possibilities it will show some reversal from this level. If breakout of any support or resistance will give 300-400 points expiry move.
29400 is small resistance and 28800 is support..
if break 28800 then can move downside, if break 29400 then will fly upside... as structure is channel and triangle pattern.. let seee how will it move..
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Today possible gap up opening in banknifty. Next resistance for banknifty is 27950-28000 and more chance we will get the small correction from this level. In case if it trading above 28100 then we will see next bullish rally towards the 28500+. Strong downside only possible if it trading below 27500.
Entire last week NSE:BANKNIFTY shoot up around 2500+ points narrowly and entered into key decision zone
Now 26800 - 27000 will become the key decision whether to continue the rally further or to take a correction
Plan A : If next week open gap down below 26700 then 26300 is our next immediate demand zone and from there upside rally can continue