BankNifty opened flat today and after making a low around 47480 in first 30 mins it remained in a range to eat premium as today it was a weekly expiry for BankNifty. For tomorrow, if BankNifty breaks 47450 on the downside, we expect to see 47320 and below levels marked. On the other side, if BankNifty sustains above 47800 we expect to see an upmove towards 47900...
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...
Banknifty might also open with a gap-up, supported by Giftnifty. If it breaks the immediate resistance of 38% convincingly, we can anticipate a continuation of the pullback. Conversely, if it fails to sustain above this level, there might be consolidation between the 38% and the demand zone. In such a scenario, we could wait for a breakout. Should it break the...
Bank Nifty next possible moves for tomorrow with levels. Market will pump in morning session and fall is expected in 2nd half. This is my personal view and this is only for educational purpose.
Hello Traders, Welcome to SriTrader5121 -------------------------------------------------- Bank Nifty - 04/01/2024 - Levels IMPORTENT ZONE FOR THE DAY: 47675 – 47690 Important Support and Resistance for the Day... Support - Resistance - Support-1: 47675 Resistance-1: 47878 Support-2: 47500 Resistance-2: 48110 Support-3: 47407 Resistance-3:...
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...
As we discussed Banknifty, Banknifty gave a nice momentum yesterday and continues to go bearish today. But as we see the chart structure, it has been preparing for the rising wedge pattern. And right now, it is on the verge of breaking down to the downside. But it can also support 200 EMA and support zones. Here right now, two possible decisions can totally depend...
Refer our old idea attached below. . Midcap stocks are going to boom. long term investment; min 40% return. huge potential is there. investment ; Wait for retracement. if you are interested in investment, go for it with small risk, . . . more than that " Deepak Nitrite " is fundamentally good. . Don't make complicated trade set-up.📈📉 Keep it " simple, focus on...
Banknifty, similar to Nifty, might experience a minimum 38% Fibonacci retracement if it finds support the demand zone. Conversely, if it breaks that support, the correction is likely to continue.
After bearish candle of 1Jan today good fall we can see also all level was given my previous chart analysis. All level was given in chart in very clear. Scenario Happen: Market will open between 47871- 48212 then it will be side base market. If open below 47882 wait for make a resistance at level 47882 then short your position. Also follow volume. It will...
Bank Nifty next possible move for next few days expected.. rising wedge in small time frame already break, now again forming rising wedge in big time frame if you see the chart. This is my personal view and is only for educational purpose
Banknifty Prediction for Tomorrow Mostly sideways or volatile move can be expected or BEARISH Reversal expected as marked in the chart. Look for Buy/Sell at Demand and Supply zone for profitable trades. Demand and Supply Zones - When price breaks the zone, Demand zone will become Resistance and Supply zone will become Support. Refer the chart for detailed...
Still have my same view on Bank nifty , market may be pump upside and retest the resistance zone and after that again fall is expected. please check the levels... All the best, be profitable.... This is my personal view and it is only for educational purpose.
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...
BankNifty opened flat today and remained in a range for sometime. BankNifty broke the upper level of 48300 and made a high at 48450 which acted as rejection zone and we saw a fall of around 400 points in last 30 mins. For tomorrow, if BankNifty breaks 48100 on the downside, we expect to see 47980 and below levels marked. On the other side, if BankNifty sustains...
As we discussed in our last analysis, it has been in the up-channel. Yesterday, it did give a very lazy sideways move and then tried to go higher, but in the last 30 minutes, bearish sold like anything. and took control of the market. But if we look at the OI data, PCR is 0.82, which is neutral. And the chart channel has broken to the downside. I am expecting a...
Banknifty is undergoing a 4th correctional wave, with its sub-wave labeled 'C.' So, the C correction might continue in the initial market. Once the 'C' leg finds support around the demand zone, we can anticipate the 5th impulse wave. This is the basic structure. However, if it consolidates or decisively breaks the demand zone, then the correction is likely to continue.
Bank nifty break the trend line and support line and may be retest the support zone after that big fall is expected. please check the levels... All the best, be profitable.... This is my personal view and it is only for educational purpose.