BankNifty opened with a gap-down around 34600 zones and we saw selling from open which bought BankNifty to 34094 and BankNifty gave almost 1000 points bounce from that zone. Though we again saw selling after 2:00 PM and BankNifty fell more than 600 points from day high.
Trades we took today -
> Bought BankNifty 33900 PE at 540 which we booked with 50 points...
BNF is trading in Very Important zone nowadays. It can go any direction from here. But the chances are continue in downside coz it has already broken 78.6 Fibo level.
Both direction of trade levels with Targets are mentioned in the chart.
Which Trade will be activate that only depends on Support Zone. If one level get Activated then other one will go invalid....
Today wiil be highly gap down opening in banknifty. After opening upside rally only possible if its sustain above 33550 level. Further downside possible if it starts trading below 32950 level. Downside 32550 level possible in today's session.
BANKNIFTY ANALYSIS For 07-MARCH-2022 09:15 AM Live Intraday Calls, Predictions, And Market Analysis
If we see a gap up opening and Banknifty opens Above 34678 then we can see Banknifty will test 35020 on 15min Chart.
If we see a Gap down and if Banknifty breaches 33988 level and at least trades for 30mins then we can easily see further decline up to 33600 and...
NSE:BANKNIFTY
📌 To Trade on This Chart, You Should Have Reversal Trading Knowledge. As Harmonic is One Of The Best Reversal Trading Strategy, But Always Remember That Harmonic Patterns Also Can Fail (there is no holly grail In Stock Market). That's Why One Should Must Have Knowledge Of Reversal Trading To Trade On Harmonic Patterns.
📌 That Dash Line Is Called...
Hello Traders,
#Banknifty-04/03/2022-#Report
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Opened as a Big Gap-Down, at our S@2-Zone. Market was broken S@3 and S@4 then went to near to S@5-Zone and reversed. Market was took the support at S@4-Zone and broken(S@3, S@2, PDL, S@1)-Zones then went near to IMP-Zone and reversed. Finally closed below S@3-Zone.
I hope...
Banknifty will open gap down open nearly 400-500 points. Expected opening near 34500 level. After opening if it's starts trading below 34450 then expected further downside of 400-500 points and this can be extend below 33950 level. Any upside direction only possible if banknifty starts trading and sustain above 34550 level.
BankNifty opened with a big gap-down around 35550 due to Russia Ukraine uncertainty. We saw a follow-up selling in BankNifty and it made low at 34900 zones which was also support zones and we also saw more than 500 points short-covering move from lower levels.
Trades we took today -
> Bought BankNifty 35300 PE at 430, it went above our 2nd Target 500 and Traders...
Today will be slightly gap up opening in banknifty. After opening if it is sustain above 35550 level then expected 400-500+ points upside rally. Downside will be possible below 35450 level. For today's session 35050 will act as an important support for today's session. Any major downside will be there in case it starts trading below 34950 level.
If we see a gap up openeing and Banknifty opens Above 35800 then we can see Banknifty will test 36475 or 200EMA on 15min Chart.
If we see a Gap down and if Banknifty breaches 35020 level and atleast trade for 30mins then we can easily see further decline upto 34000 in coming days
BANKNIFTY RESISTANCE LEVEL
36122
36475
36806
BANKNIFTY SUPPORT LEVELS...
NSE:BANKNIFTY
bank nifty is at crucial level . it has good support between 34800-34300 level it is most strong support and last hope for buyers . You can call it as a last line of defense for buyers .
We can also identify multiple time tested trandline coming from upside . this trend line and flat support area is making good triangle pattern in Bank nifty . it...
![BANKNIFTY: [INTRADAY] #BANKNIFTY PE & CE Levels(07/03/2022)](https://s3.tradingview.com/x/Xzw52tWh_mid.png "[INTRADAY] #BANKNIFTY PE & CE Levels(07/03/2022)")
![BANKNIFTY: [INTRADAY] #BANKNIFTY PE & CE Levels(04/03/2022)](https://s3.tradingview.com/v/v9WOCQvy_mid.png "[INTRADAY] #BANKNIFTY PE & CE Levels(04/03/2022)")
![BANKNIFTY: [INTRADAY] #BANKNIFTY PE & CE Levels(03/03/2022)](https://s3.tradingview.com/y/YCESjzwM_mid.png "[INTRADAY] #BANKNIFTY PE & CE Levels(03/03/2022)")
