Banknifty consolidated on the last trading day. It took support from the very first support and consolidated the whole day in range of 500-600 points. Support levels:- 34278,33920 Resistance levels:- 34780, 35352 Wait for the closing above/below the levels on shorter time-frame to capture the move and a candlestick pattern to confirm the setup.
Understanding trends through support and resistances.
Understanding Trades for Bank nifty future for 14.03.2022 (Monday).
NSE:BANKNIFTY 📊 Each levels Act as support and resistance 📈📉. One can trade on 3min, 5min and 15 min as per their trade set up. For reference, one can check our old published ideas. If any candle taking support from any level then try to identify that is that reversal candle at support or what if that is reversal candle then go long above that reversal candle and...
Today will be flat or slightly gap down opening in banknifty. After opening if banknifty starts trading and sustain above 34550 level then expected upside rally upto 34950 level. Below 34450 level there will be further downside of 400-500+ points. Any major downside possible if banknifty starts trading below 33950 level.
bank nifty in the first half consolidated and finally broke the round level of 35000. In the last market hour the market consolidated and closed near its 20Ema on 30 minutes time frame, that is the best thing for tomorrow. Support:- 34278, 33900 Resistance :- 35000, Today's high. Wait for the candlestick pattern to form near the levels for confirmation.
Understanding trends through support and resistances.
NSE:BANKNIFTY 📊 Each levels Act as support and resistance 📈📉. One can trade on 3min, 5min and 15 min as per their trade set up. For reference, one can check our old published ideas. If any candle taking support from any level then try to identify that is that reversal candle at support or what if that is reversal candle then go long above that reversal candle and...
banknifty Levels ............................................
Today will be gap up opening in banknifty. Expected opening near 34500 level. After opening if it's starts trading above 34550 level then expected further upside of 400-500+ points in nifty. Downside possible below 34450 level. Any major will be there in case banknifty starts trading below 33950 level.
Bank nifty looks bullish on daily closing basis. Support :- 33363, 32161 Resistance:- 34278, 34991 The levels with formation of chart pattern will confirm the trade.
BankNifty opened with a gap-down at 32560 and we saw further selling and BankNifty made low around 32170. We saw a great recovery from lower levels and BankNifty went above 33250 during the day which is 1100 points upmove from day low. Trades we took today - > Bought BankNifty 33200 CE at 390, it went above to our 1st Target 430 and Traders booked profit >...
Today will be slightly gap down opening in banknifty. After opening if it's sustain above 33000 level then expected upside rally upto 33450 level. 33450 level will act as an immediate resistance for today's session. Expected reversal from this level. Downside possible if banknifty starts trading below 32950 level.
Hello Traders, Banknifty-09/03/2022-Levels ---------------------------------------- If Market Opens as a- GAP-UP: Support of PDH (BUY) – Rejection of PDH (SELL) FLAT: Support of PDH (BUY) – Rejection of S@1 (SELL) GAP-DOWN: Support of IMP (BUY) – Rejection of IMP (SELL) ------------------------------------- Happy Learning and Trading Rules to fallow... ...
Bank nifty is near resistance of 33206 and 20 EMA. Go long, once a hourly candle sustains above the resistance and its 20EMA. Short market only when it breaks the crucial monthly support level of 32161. Support levels :- 32161, 30993 Resistance levels:- 33278, 34111
understanding trends through supports and resistances.
Gap down opening in banknifty. After opening if it's starts trading below 32450 level then expected further downside of 500-1000 points in banknifty. 32050 will act as an intermediate support for today's session. Below 31950 level there will be strong downside possible of 500+ points
Understanding trends through support and resistances.